Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) in the country to refrain from spending to collect deposits from people and organisations.

Eight business entities and a government app were crowned at the 2nd HSBC Business Excellence Awards for their role in promoting Bangladesh and contributing to the sustainable growth of the economy during the challenging time brought on by the coronavirus pandemic.

Have you ever bought a national prize bond? If you have, then please match your bond numbers with the draw results again as you could be one of those lucky few who are yet to claim their prize despite winning the lottery.

Prime Bank recently witnessed the promotion of Sheikh Matiur Rahman to the post of deputy managing director.

Deutsche Bank, which faced stinging criticism from some investors and politicians for its ongoing ties to Russia, said on Friday in a surprise move that it would wind down its business in the country.

Banks in Bangladesh are on the lookout for alternative ways to continue banking with Russian lenders after their transactions with seven major financial institutions came under restriction from SWIFT from yesterday following the western sanction.

Ten years past the advent of mobile financial services (MFS), over 11 crore account holders now conduct 2 crore transactions through it per day.

Bangladesh Bank yesterday asked banks to fulfill their lending targets under a second round of a dedicated stimulus package for cottage, micro, small and medium enterprises.

Ten banks in Bangladesh collectively faced a capital shortfall of Tk 34,639 crore in December, which highlighted their fragile health caused by years of irregularities.

Padma Bank yesterday witnessed the appointment of a managing director and chief executive officer for a three-year term.

Banks are having conversations with potential buyers on how to get rid of their exposure to Russian corporate loans, but sanctions fears and pricing uncertainty are limiting trading activity and the ability of buyers to act, several banking sources said.

AB Bank recently reappointed Tarique Afzal as its president and managing director for a second term with effect from July 8.

Bangladesh’s current account deficit hit an all-time high of $10 billion in just the first seven months of the ongoing fiscal year due to the escalation of trade deficit and dwindling remittances.

Brac Bank will host the 14th annual meeting of the Global Alliance for Banking on Values, a network of the most environmentally progressive and socially inclusive banks in the world.

Bank Asia has signed an agreement with Southeast University to provide student support loans for the attainment of honours and master’s degrees.

Padma Bank and Canadian University of Bangladesh have signed a memorandum of understanding (MoU) for academic - Industry collaborations.

Mutual Trust Bank (MTB) and bKash have launched round the clock digital cash management facilities for the mobile financial service provider’s distributors.

Standard Chartered Bank has donated a pressure swing adsorption (PSA) medical oxygen generation plant to Chattogram Maa-O-Shishu Hospital (CMOSH) in Agrabad of the port city yesterday.

Investors from anywhere in the world can now open an account at any branch of Sonali Bank through the one stop service portal of Bangladesh Investment Development Authority (Bida).

Global payments messaging network SWIFT has asked Bangladesh’s banks to suspend transactions with seven Russian lenders since they are facing sanctions from the United States and the European Union over Moscow’s invasion of Ukraine.