Social Islami Bank PLC has promoted an official to the post of deputy managing director (DMD)..The official, Md Nazmus Saadat, had been serving as a senior executive vice-president and head of the managing director’s secretariat and investment wing of the bank concurrently prior to his new

Md Nurun Newaz was elected as the chairman of NCC Bank PLC in a meeting of the board of directors of the bank on Monday..As an eminent industrialist and entrepreneur of the country, Salim is the chairman of Electro Mart Ltd and Trade International Industries Ltd, the bank said in a press r

ONE Bank PLC recently arranged two training programmes on “Prevention of Money Laundering and Combating Financing of Terrorism” for its Chattogram zone executives and officers at the Kamrul Islam Siddique Auditorium of LGED Bhaban in the port city..Arief Hossain Khan, executive director, a

Citizens Bank PLC opened a new branch at Imamganj in old Dhaka yesterday..Mohammad Masoom, managing director and CEO of the bank, inaugurated the branch, the commercial lender said in a press release..SM Shofiqul Hoq, director of the bank, attended the inaugural programme..Othe

Robin Razon Sakhawat was appointed as the chairman of Jamuna Bank PLC yesterday..Currently, Sakhawat is the managing director of German-Bangla Chemical Ltd and Comptex (Bangladesh) Ltd, the bank said in a press release..He is actively involved in various industries such as banking, l

United Commercial Bank (UCB) PLC has reported a 32 percent year-on-year profit growth in the July-September quarter of 2024, driven by higher interest income, investment gains, and increased commission and fee income..The announcement came at the bank’s board meeting at its head office in

AFM Matiur Rahman has been appointed as the chairman of Karmasangsthan Bank for the next three years, effective from the date of joining..Rahman was the honorary director of the board of directors of Karmasangsthan Bank from 2000 to 2002, the bank said in a press release..He is both

Bank Asia PLC recently signed an agreement with Sheba.xyz, the largest service marketplace and one-stop solution for on-demand home services of household and lifestyle in Bangladesh..Under the agreement, Bank Asia customers will enjoy a 10 percent discount for all services of Sheba.xyz upo

Mutual Trust Bank PLC (MTB) distributed fresh loans to small businesses under the Credit Guarantee Scheme (CGS) of the Bangladesh Bank to celebrate its silver jubilee at its corporate head office in the capital’s Gulshan..The scheme has been launched to scale up lending to the cottage, mic

Citizens Bank PLC yesterday opened a sub-branch at Moddho Badda in the capital..Mohammad Masoom, managing director and CEO of the bank, inaugurated the sub-branch, the bank said in a press release..The bank started its journey on December 15, 2020, after receiving a banking licence f

Md Mahamudul Alam has been elected as the chairman of the risk management committee of Meghna Bank PLC..Currently, Alam is serving as deputy managing director of Labib Dyeing Mills Ltd and Alamgir Ranch Limited, according to a press release..He is widely acknowledged and highly prais

Eastern Bank PLC yesterday introduced an e-training platform on financial literacy and entrepreneur development for women entrepreneurs..Curated by the Asian Development Bank (ADB) and the Bangladesh Bank, the online training programme aims to empower women entrepreneurs in Bangladesh..

Bank Asia PLC recently launched a digital financial literacy app, styled “Amar Hisab-Kitab”, to accelerate financial inclusion activities..The app was developed by Bank Asia, in collaboration with the United Nations Capital Development Fund (UNCDF), under the Aparajita Project of H&M Found

Prime Bank PLC posted a 45 percent year-on-year net profit growth in the July-September quarter of the current financial year..The announcement came at the bank’s board meeting at its head office in Dhaka yesterday, the bank said in a press release..The standalone net profit after ta

It is the lowest expansion in the four quarters of 2023-24 fiscal year

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has been voted as the “Best Cash Management Bank” and “Best Cash Management Bank for Client Service’ in Bangladesh for the 15th time and 7th time respectively in a row in the Euromoney Cash Management Survey 2024..This

Standard Bank PLC recently organised “School Banking Conference-2024” as a lead bank at the District Town Hall in Mymensingh..The Bangladesh Bank patronised the conference, where the branches of all scheduled banks located in Mymensingh jointly organised the event..Teachers and stude

First Security Islami Bank yesterday opened “Chinatola Bazar agent banking outlet” under Keshabpur branch in Jashore with a view to providing Shariah-based modern banking services to its rural clients..Ahmed Ashique Raazi, the bank’s Khulna zonal head, inaugurated the outlet as the chief g

Prime Bank PLC recently signed a payroll banking agreement with industrial packaging solutions provider Dutch-Bangla Pack Limited. .Abdul Mumit, managing director of Dutch-Bangla Pack Limited, and Faisal Rahman, additional managing director of Prime Bank PLC, penned the deal at the latter’

Mutual Trust Bank (PLC) recently signed a tripartite agreement with agri-fintech startup WeGro and agrochemical company Syngenta to scale up lending to marginal farmers across the country..Under the deal, farmers will be able to access the bank’s agri credit through the WeGro app and procu