Transactions through debit, credit and prepaid cards dipped to a 27-month low in August this year, owing to a lack of cash in ATM booths amidst security concerns and people curtailing spending for political uncertainties..Overall transactions through the cards in August amounted to Tk 33,9

Uttara Bank PLC recently organised its “Annual Risk Management Conference-2024” at a hotel in Dhaka..Mohammed Rabiul Hossain, managing director and CEO of the bank, attended the conference as the chief guest, the bank said in a press release..Md Ashraf-uz-Zaman, deputy managing direc

BRAC Bank’s branch network had a net deposit growth of Tk 2,000 crore in September 2024, the highest single-month deposit growth by any branch network in Bangladesh..The bank organised a celebration programme to mark the achievement at the bank’s head office in Dhaka..Sheikh Mohammad

Eastern Bank PLC recently signed a payroll banking agreement with Mars Apparels Limited, a Chattogram-based intimate apparel and sportswear manufacturing company..M Khorshed Anowar, deputy managing director and head of retail and SME banking of the bank, and Mohsin Ahmed, managing director

United Commercial Bank (UCB) PLC yesterday signed a memorandum of understanding (MoU) with Gono Bishwabidyalay to provide the university with a range of banking services, including tuition fee collection and other facilities..Mohammad Mamdudur Rashid, managing director and CEO of the bank,

Mutual Trust Bank PLC yesterday signed a memorandum of understanding (MoU) with Manu Farms to provide financial support to poultry farmers registered on the “Poultry Manager” app platform..Md Khalid Mahmood Khan, additional managing director and chief business officer of the bank, and Muha

IFIC Bank PLC celebrated its 48th founding anniversary at Multipurpose Hall of IFIC Tower in the capital’s Purana Paltan on Tuesday..The bank chalked out a number of programmes, including discussion, cake-cutting, dua and munajat, to mark the celebration..Syed Mansur Mustafa, managin

Abul Hashem has been serving the bank as chairman since 2020

Rehana Rahman was elected the vice-chairperson of Southeast Bank PLC at the bank’s 744th board meeting yesterday..Rehana is a director of the bank, according to a press release..She is a prominent female entrepreneur in Bangladesh, holding various key roles across several organisatio

Eastern Bank PLC recently opened its 23rd Priority Centre in Rajshahi, making it the first-ever bank to establish such a facility in the region..The centre will provide world class banking services to the bank’s premium customers..Ali Reza Iftekhar, managing director and CEO of the b

First Security Islami Bank PLC recently organised its board meeting at the bank’s head office in Dhaka..Mohammad Abdul Mannan, chairman of the bank, presided over the meeting as the chief guest, the bank said in a press release..The board expressed its satisfaction over the heartfelt

BRAC Bank recently signed a partnership agreement with Radisson Blu Chattogram Bay View, extending exclusive privileges to the bank’s premium banking plus customers..Brig Gen (Retd) Abu Sayeed Mohammad Ali, chief executive officer of Radisson Blu Chattogram, and Kayesh Chowdhury, head of r

Standard Chartered Bangladesh has recently signed a memorandum of understanding (MoU) with DBL Lifestyles, a franchise partner of Adidas, Nike, Puma and Levi's in the country and a concern of DBL Group..Naser Ezaz Bijoy, chief executive officer of the multinational bank, and MA Jabbar, man

Dhaka Bank and Green Delta Insurance recently launched the country’s first dual insurance co-branded Mastercard credit cards with life and non-life insurance benefits for the customers and employees of the insurer..The credit cards are available in World and Titanium variants to the custom

HSBC says in Global Research report

The Bangladesh Financial Intelligence Unit (BFIU) yesterday asked banks to freeze all personal accounts of Bashundhara Group Chairman Ahmed Akbar Sobhan, his son and group Managing Director Sayem Sobhan Anvir, and their family members.

ONE Bank PLC has appointed Shabbir Ahmed as its additional managing director (AMD), with effect from October 3 of this year..Prior to his new role, Ahmed was serving Al-Arafah Islami Bank PLC as a deputy managing director and chief investment officer concurrently, according to a press rele

NRB Bank PLC recently organised “Year-to-Date Business Review Meeting-2024” at its corporate head office in the capital’s Gulshan with the slogan “Horizon of Unlimited Possibilities”..Mohammed Mahtabur Rahman, chairman of the bank, attended the meeting as the chief guest, the bank said in

Dhaka Bank PLC recently opened its relocated Teknaf branch at Siddik Plaza on Teknaf Main Road in Teknaf in a bid to provide the best-in-class and advanced customer service to its clients, according to a press release..Abdul Hai Sarker, chairman of the bank, inaugurated the branch as the c

The BFIU also asked to suspend the transactions in the personal and privately-owned institutional accounts of Hanif