Md Monitur Rahman has recently been appointed as deputy managing director and chief of operations and information technology at IFIC Bank.

Lending through agent banking grew 12.32 percent to Tk 137.32 crore in April-June compared to a quarter ago with Bank Asia leading the pack.

The Dhaka bourse continued to gain for the third consecutive day yesterday thanks to the investors' increasing interest on shares of bank and non-bank financial institutions (NBFIs).

The Bangladesh Bank yesterday warned banks to heighten measures to repel cyber attacks after a multinational hacking ring made off with Rs 94.4 crore from India's Cosmos Bank last week.

Cyber criminals hacked the systems of India's Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank tells police.

Standard Chartered Bangladesh yesterday launched MortgageOne, a home financing solution enabling clients to enjoy a reduced interest rate and loan tenure through maintaining deposits with current accounts.

The central bank yesterday allowed banks to open foreign currency clearing accounts in yuan in keeping with the soaring trade with China.

Citibank NA Bangladesh has recently hosted a forum on the Belt and Road Initiative (BRI) underlining the bank's commitment to support Bangladesh, global clients and investors with the opportunities offered by the programme launched by China.

Banks should increase their number of branches to give a boost to financial inclusion, said Finance Minister AMA Muhith yesterday.

The interest rate on savings instruments will remain unchanged for the time being, in a development that can be termed an about turn for Finance Minister AMA Muhith, who only a couple of days ago indicated it would be lowered.

MTB Unit Fund's trustee committee has declared a cash dividend of 13.25 percent per unit for fiscal 2017-18, says a press release.

Ahmed Saiful Islam has been appointed as the head of retail banking at HSBC in Bangladesh with effect from August 2.

The central bank is going to file a damage claim with a New York court by January next year to recover its reserve money stolen through one of the biggest cyber crimes in the world in February 2016.

City Bank yesterday launched a digital “Supply Chain Finance and Distributor Finance Facility” through which suppliers will get paid whenever invoices are approved while buyers will enjoy increased liquidity and improved working capital.

City Bank's consolidated earnings per share for January-June 2018 declined to Tk 1.51 against Tk 2.18 for the same period a year ago.

Around 40 percent of the bankers do not want to work in the internal audit departments due to the huge work pressure, a survey found.

Shares of banks on the Dhaka Stock Exchange rose strongly yesterday, putting a halt to their frequent fall this year.

Brac Bank's consolidated profit after tax rose 13 percent year-on-year to Tk 272.8 crore in the first half of 2018.

The rising default loans in the eight state banks, which accounts for 57.53 percent of the total classified loans in the banking sector, have become a threat to the sector's stability, according to the Bangladesh Bank's Financial Stability Report.

Mostafa Golam Quddus has recently been re-elected chairman of Rupali Insurance Company Ltd.