City Bank appointed Mesbaul Asif Siddiqui, deputy managing director, as the new head of wholesale banking..Prior to assuming this new responsibility, Asif was serving the bank as the chief risk officer, said a press release..He began his career at Eastern Bank as a management trainee

National Credit and Commerce (NCC) Bank recently observed a “Financial Literacy Week 2025” with the theme “Think Before You Follow, Wise Money Tomorrow,” which focused on integrating unbanked and marginalised people into the financial system..The bank organised a discussion meeting at its

Credit card transactions in Bangladesh have shown distinct trends in both domestic and international spending..A recent Bangladesh Bank report highlights shifts in consumer behaviour, sectoral spending patterns, and transaction growth over the past year..In January 2025, domestic cre

United Commercial Bank PLC (UCB) recently signed an agreement with the global digital payment service provider Visa..Under this agreement, UCB will receive $4.1 million (approximately Tk 50 crore) over the next five years, marking one of the largest payment scheme agreements in the bank’s

Eastern Bank PLC (EBL) donated Tk 40 lakh to Bangladesh Eye Trust Hospital (BETH) to facilitate critical eye care services, including free cataract surgeries, for underprivileged people across the country as part of its corporate social responsibility fund..Ahmed Shaheen, additional managi

Moody’s Investors Service has released its latest credit opinion on City Bank, acknowledging the bank’s moderate profitability and capital in the context of rising asset risks..These risks are offset by the bank’s stable liquidity and an improving deposit base, according to a press release

Prime Bank PLC recently entered into a partnership agreement with Dhaka Ahsania Mission, a non-profit social services organisation based in Dhaka..Md Nazeem A Choudhury, deputy managing director of the bank, and Prof Golam Rahman, president of the organisation, signed the agreement at the

Mixed reactions came from different quarters

Islamic wings of conventional banks have become the preferred choice for religiously inclined depositors as many full-fledged Shariah-based banks struggle with a crisis of trust..This shift has emerged after controversies and financial scandals involving Shariah-based banks, many of which

M Khurshed Alam was appointed as the new additional managing director (AMD) of the National Credit and Commerce Bank (NCC Bank) PLC yesterday..Prior to assuming his new role at NCC Bank, Alam was serving at Eastern Bank PLC (EBL) as the deputy managing director..He had worked in vari

Bengal Commercial Bank PLC (BGCB) recently launched a new branch in the capital’s Mirpur..Md Jashim Uddin, chairman of the bank and president of the SAARC Chamber of Commerce and Industry, inaugurated the branch, according to a press release..Md Iqbal Hossain Chowdhury, director of t

SM Faruqi Hasan, founding president of the Ontario unit of the Awami League, is involved in the case

Uttara declared the dividend when many banks were not allowed to do so due to strict regulatory rules

Tanveer Ahmed has been appointed as the vice-chairman of Meghna Bank PLC..A distinguished business professional with 18 years of exceptional achievement in the readymade garment (RMG) sector and the construction industry, Ahmed has successfully led Elegant Group since 2007. .Under hi

United Commercial Bank (UCB) PLC recently signed a memorandum of understanding (MoU) with the Raise Project, an initiative under the Wage Earners Welfare Board (WEWB), to facilitate access to finance for returnee migrant workers aspiring to start their own businesses..Adnan Masud, addition

NRBC Bank PLC launched a new sub-branch in Borhanuddin upazila, Bhola yesterday..Md Hafiz Ibrahim, a former member of parliament, inaugurated the sub-branch as the chief guest, according to a press release..Mohammad Obaidul Haque, former executive director of Bangladesh Bank, princip

Prime Bank PLC recently signed a partnership agreement with Mastul Foundation, a non-profit charity organisation in Bangladesh..Md Nazeem A Choudhury, deputy managing director of the bank, and Kazi Reaz Rahman, executive director of the foundation, signed the agreement at the bank’s corpor

Habibur Rahman, managing director (MD) and CEO of the South Bangla Agriculture and Commerce Bank (SBAC) PLC, has resigned on personal grounds.

Bangladesh Bank has set a target for banks and financial institutions to disburse 27 percent of their total loans to cottage, micro, small, and medium enterprises (SMEs) by 2029 to promote business growth and employment.

Shahjalal Islami Bank PLC launched an ATM booth at the premises of Excellent Tiles Industries Limited in Bhaluka, Mymensingh on Sunday, aiming to provide fast and round-the-clock banking services to customers..Abdul Halim, a director of the bank, inaugurated the ATM booth as the chief gues