Funds transacted through agent banking accounts rose 14.3 per cent year-on-year to Tk 32,523 crore in July as more and more people are joining the financial system using the new window, Bangladesh Bank data showed.

All banking services of Mercantile Bank Limited will remain suspended from October 1 to 5 due to the upgradation of the core banking software T-24, duly approved by Bangladesh Bank.

Standard Chartered Bangladesh yesterday launched a new type of credit card that offers discounts on the purchase of digital products and services, such as account payments for Netflix users or ordering food through Foodpanda.

The board of the South Bangla Agriculture & Commerce (SBAC) Bank Ltd yesterday elected Abdul Kadir Molla as its new chairman.

Bangladesh will have to pay $188.4 million to the New Development Bank (NDB) as paid-up capital for being a member of the new international lender.

Amzad Hossain, chairman of South Bangla Agriculture and Commerce (SBAC) Bank, brought out Tk 40 crore from the private commercial bank misusing his powers and through forgery, according to an investigation into the alleged scam.

Economic growth in the eurozone stumbled in September, a closely watched survey said Thursday, as supply chain bottlenecks, high prices and the spread of the coronavirus Delta variant hurt output.

Nagad yesterday said it unblocked all but eight accounts, including that of the chief executive officer of digital commerce company Sirajganj Shop, which were alleged to have been involved in a “scam”.

By this time, it is known to many that the government has reduced the interest rate on savings certificate and wage earners bond for investments above Tk 15 lakh.

Union Bank Limited has suspended three officials of its Gulshan branch over a liquidity shortage of Tk 19 crore in its vault.

US Bank announced an $8 billion deal on Tuesday to buy the US retail activities of Japan’s Mitsubishi UFJ Financial Group (MUFG).

The Hongkong and Shanghai Banking Corporation Limited (HSBC) and British Council virtually launched a new programme recently to provide English and IT lessons to 2,400 out-of-school girls in Bangladesh. 

State-owned Sonali Bank Limited secured top position among all government banks in implementing an annual performance agreement 2020-21 signed with the finance ministry’s Financial Institutions Division. 

The Asian Development Bank has launched a new country partnership strategy (CPS) for Bangladesh with a plan to accelerate lending in order to boost competitiveness, employment, green growth and social protection.

SM Amjad Hossain, chairman of South Bangla Agriculture and Commerce Bank, has expressed his intention to resign, citing illness.

The Bangladesh Bank yesterday unveiled a guideline on non-banking assets to allow lenders to deal with the properties put up as collateral after borrowers default. 

Prime Bank Limited has conducted a trial transaction in secured overnight financing rate (SOFR) with Wells Fargo Bank, New York on August 25 as the London interbank offered rate (LIBOR) would cease to exist after June 2023.   

The Bangladesh Bank yesterday asked banks not to charge students any fee for carrying out transactions related to Bangabandhu Education Insurance through their school banking accounts.

Standard Chartered Bangladesh has donated three pressure swing adsorption oxygen plants for charitable hospitals run by Chattogram Maa-O-Shishu Hospital, Thengamara Mohila Sabaj Sangha (TMSS) and United Trust in Chattogram, Jamalpur and Bogra respectively. 

Some investors and campaigners expressed dismay on Friday at revelations that World Bank leaders pressured staff to boost China’s score in an influential report that ranks countries on how easy it is to do business there.