Brac Bank now has 705 agent banking outlets across the country thanks to a rapid network expansion drive.

The global trend of loan availability at one’s fingertips is gaining grounds in Bangladesh, this time with Prime Bank preparing to launch PrimeAgrim app, an AI-based instant digital nano loan platform.

bKash is offering 1 per cent extra cash bonus on top of the government’s 2.5 per cent incentive in order to encourage expatriates to transfer funds to their beneficiaries in Bangladesh through formal channels.

Mutual Trust Bank (MTB) recently witnessed the appointment of its new group chief financial officer (CFO).

Bangladesh Bank has fined National Bank Tk 55 lakh for concealing loan related information of 11 persons, which was a gross violation of banking rules.

Citi announced Tuesday it will exit its Mexican consumer banking business, the latest reorganization effort to steer the US financial heavyweight towards higher-return ventures.

The Bangladesh Bank has imposed a fine of Tk 21.50 lakh on Southeast Bank after it failed to bring down its excessive investment in a single stock within the regulatory limit.

Bangladesh Bank yesterday issued guidelines on how banks and non-bank financial institutions should use corporate social responsibility (CSR) funds, with focus on education, health and climate issues.

Bangladesh Bank has allowed Padma Bank, albeit under two conditions, to list its accumulated loss as “intangible loss” so that it does not show up in its balance sheet, thereby enabling it to attract foreign direct investment (FDI).

Hongkong and Shanghai Banking Corporation (HSBC) has recently launched ‘HSBC My Calendar App’ to celebrate its 25-year journey in Bangladesh.

Exim Bank has recently witnessed the promotion of two of its additional deputy managing directors to the posts of deputy managing directors.

The Bangladesh Bank yesterday rolled out a stimulus package of Tk 500 crore to support people who migrated back to their villages due to the ongoing economic hardship.

China’s central bank confirmed on Saturday that it will implement new schemes aimed at encouraging financial institutions to lend to small businesses under pressure due to the impact of Covid-19.

IFIC Bank is set to sell its more than 40 per cent stake in a Nepalese bank as it no longer sees its business in the Himalayan Kingdom viable.  

Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans.

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh has recently completed the country’s first insurance backed receivables finance transaction for MBM Garments.

Bangladesh Bank (BB) has recognised Brac Bank for its role in the implementation of the first phase of a Covid-19 stimulus package for cottage, micro, small and medium enterprises in financial year 2020-21.

The Bangladesh Bank yesterday eased its loan classification policy for all borrowers following demand from the country’s top trade bodies, including the FBCCI.

Mercantile Bank launched 35 agent banking outlets across the country yesterday to provide basic banking services to the unbanked population.

Bank Asia entered into a partnership with Inpay A/S (Eurogiro) for cross-border remittance payment, according to a press release.