Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh, in association with the National Board of Revenue and the Bangladesh Bank, recently rolled out an online statutory payment processing solution for the payments of value-added tax, VAT deducted at source (VDS), excise duty, supplementary duty, and penalties.

Al-Arafah Islami Bank promoted its deputy managing director to the post of additional managing director (AMD).

Mohammed Ayub was recently elected as vice-chairman of the board of directors of South Bangla Agriculture and Commerce (SBAC) Bank.

Dhaka Bank has announced winning a “2022 US Dollar Clearing Quality Recognition Award” from JP Morgan recently, saying it was for “consistent and quality performance of the bank’s funds transfer operation management in SWIFT MT202 payments”. 

Brac Bank took part in a “Remitters’ Festival-2022” at Expo Centre Sharjah in the UAE recently which was aimed at encouraging expatriates to send their hard-earned money home through legal channels, especially banking channels. 

Private sector credit growth fell by more than two percentage points in September as banks slowed loan disbursement amid liquidity crunch, snapping a seven-month upward trend. 

Earnings per share of NRB Commercial Bank stood at Tk 1.48 in the January-September period of 2022, said the private commercial bank in a press release.

Eastern Bank Ltd and Visa launched co-brand cards and loan products for Startup Bangladesh Ltd, the flagship venture capital fund of the ICT Division.

The Bangladesh Bank yesterday asked banks not to do transactions with Sri Lanka through the ACU mechanism.

Dilip Das Gupta has joined the Commercial Bank of Ceylon, Sri Lanka operations as a credit specialist for CBC Colombo and Maldives operations recently.

NRBC Bank has signed a memorandum of understanding (MoU) with Joyeeta Foundation to provide loans to women entrepreneurs at 5 per cent interest.

Bangladesh Bank today asked banks to clear the import bills in time or they will lose licences for authorised dealer (AD) branches, which are dedicated to do foreign exchange businesses.

The City Bank Ltd reported a 10.60 per cent year-on-year increase in profit at Tk 112.85 crore in the July-September quarter of 2022.  

Uttara Bank Limited’s profit fell 26 per cent year-on-year to Tk 45.70 crore in the July-September quarter of 2022.  

Non-bank financial institutions have requested the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to convince Bangladesh Bank for relaxing some rules related to interest rate cap and loan repayment given their weak financial health.

One Bank and Bangladesh Land Port Authority signed an agreement recently to set up a banking booth at Bhomra Land Port in Satkhira.  

United Commercial Bank Ltd’s profit declined 21 per cent year-on-year to Tk 67.49 crore in the July-September quarter this year.  

Prime Bank Ltd has decided to issue an unsecured, non-convertible and redeemable subordinated bond of Tk 600 crore for seven years to enhance its capital base. 

Banks in Bangladesh today refixed the rates at which they would buy US dollars from exporters and foreign exchange houses that mobilise remittances from migrant workers.

Anwarul Islam, director of the department of offsite supervision at Bangladesh Bank, was promoted to be the executive director of the central bank today.