A DMD resigns a week after similar departure of another additional managing director

People can now only withdraw funds through their own bank’s ATMs

The fund’s primary collection target is Tk 25 crore

AB Bank disburses Tk 1 lakh each as loan to 1,500 farmers in Madhupur, Dhanbari

Brac Bank’s SME business is taking steps towards reducing paper usage and promoting environmental sustainability by adopting various digital processes.

Brac Bank and Nucleus Software Exports Ltd have jointly won a “Best Implementation in Transaction Banking” award at IBS Intelligence Global FinTech Innovation Awards 2022 for FinnAxia, a transaction banking and supply chain finance solution for small and medium enterprises. 

Wahida Begum has joined Agrani Bank Limited from Ansar-VDP Unnayan Bank as a deputy managing director (DMD) on Tuesday.

From the beginning of March, bankers have been paying Tk 104 for a dollar to exporters.

The name of International Finance Investment and Commerce Bank Limited has been changed to IFIC Bank PLC, according to a notice from the central bank yesterday.

Islami Bank Bangladesh Ltd (IBBL) is working to restore depositors’ confidence by way of waging campaigns, said its managing director Mohammed Monirul Moula. 

The change came into effect yesterday.

Dhaka division’s 4.19 crore people in 13 districts have stored in banks a total of Tk 9.79 lakh crore, around 85 per cent of which, or Tk 8.32 lakh crore, belong to the people living inside Dhaka district alone.

Eastern Bank Limited (EBL) and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in association with Visa have launched co-branded credit cards.

Bank Asia Limited and Western Union launched a joint promotional campaign for remittance clients. 

Meghna Bank yesterday joined the race for dominance over the highly competitive market for mobile financial services (MFS) in Bangladesh by introducing “MeghnaPay”, which aims to provide smart and convenient banking facilities for people across the country.

Currently, the volume of the EDF is $6 billion and the interest rate on EDF loans is 4.5%

Bangladesh Bank yesterday asked banks and non-bank financial institutions to raise their loan disbursement ratio for cottage, micro, small and medium enterprises to 25 per cent of their outstanding loans by next year. 

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has been voted “Market Leader” in Bangladesh in a Euromoney Trade Finance Survey 2023.  

Banks in Bangladesh will remain open from 9:30am to 4:00pm on every working day during Ramadan, which may begin next week based on the sighting of the moon. 

In an ideal scenario, ensuring the independence of a bank’s management from the influence of its board helps smooth execution of decisions in tune with the board’s policies, said Bangladesh Bank Governor Abdur Rouf Talukder recently.