The control of influential businessman Nazrul Islam Mazumder over Exim Bank ended yesterday as the Bangladesh Bank reconstituted the board of the Shariah-based lender.

Standard Chartered Saadiq Bangladesh has been recognised as the country’s “Islamic Bank of the Year”, “Best Islamic SME Bank”, and “Best Islamic Retail Bank” at The Asset Triple A Islamic Finance Awards 2024..This year, Standard Chartered Saadiq won a total of 38 awards..The franchis

M Sadiqul Islam, a professor of the department of finance at the University of Dhaka, was elected chairman of Social Islami Bank yesterday while Md Anisul Hoque, representative of Hamdard Laboratories (Waqf) Bangladesh, got the post of vice-chairman..The board of directors organised a meet

Prime Bank recently signed a partnership agreement with Toyota–Navana Limited, an authorised distributor of brand-new Toyota vehicles in Bangladesh..Md Nazeem A Choudhury, deputy managing director of the bank, and Md Ali Ehsan, head of after-sales operations at Toyota-Navana Limited, penne

Dhaka Bank donated a financial relief package worth Tk 2 crore for flood-affected people in various districts of the country..The sum was deposited to the Chief Adviser’s Relief and Welfare Fund and will be mobilised to meet the essential needs of the victims..AMM Moyen Uddin, deputy

SBAC Bank recently signed an agreement with Grameenphone to provide transaction and promotional bulk SMS and value-added digital services..Habibur Rahman, managing director and chief executive officer of the bank, and Asif Naimur Rashid, chief business officer of the telecom operator, penn

BB forms new five-member board for Exim, keeping three shareholder directors unchanged

The 12-member panel held its first meeting today, the next one on Sep 3

The banks have to disburse Tk 38,000 crore in FY25, a target 8.75% higher year-on-year

The central bank has just reconstituted the board of United Commercial Bank (UCB) for financial wrongdoings, but it has a darker past – a takeover at gunpoint by a politically influential family over a quarter of a century ago.

Mohammad Muslim Chowdhury, former comptroller and auditor general of Bangladesh and secretary to the Finance Division, has been appointed as director and chairman of Sonali Bank for the next three years..The Financial Institutions Division under the finance ministry yesterday issued a circ

Shimanto Bank recently donated money equivalent to one day’s salary of bank officials and also from the bank’s corporate social responsibility fund for the flood-affected people in different districts of the country..The financial aid will be given to the Chief Adviser’s Relief and Welfare

Southeast Bank recently donated a financial relief package worth Tk 3 crore for flood-affected people in different districts of the country, namely Feni, Cumilla, Noakhali, Lakshmipur, Brahmanbaria, Chattogram, Khagrachari, Rangamati, Habiganj and Sunamganj..Of the sum, the bank deposited

Al-Arafah Islami Bank recently launched its Keranihat branch in Chattogram’s Satkania Upazila..Khalilur Rahman, chairman of KDS Group and president of the Chattogram Metropolitan Chamber of Commerce & Industry, inaugurated the bank’s 222nd branch as chief guest, according to a press releas

Islami Bank Bangladesh declared a financial relief package worth Tk 10 crore for flood-affected people in different districts of the country..The decision was taken on Tuesday during a board of directors meeting, which was held virtually, according to a press release..Md Obayed Ullah

Pubali Bank recently organised its “2nd Business Conference-2024” for operation managers, sub-branch managers and Islamic banking window managers in the Bogura region..Mohammad Ali, managing director and chief executive officer of the bank, attended as chief guest, according to a press rel

The regulator found Shakib and his company Monarch Holdings involved in several stock market manipulation

The S Alam Group is trying to sell properties that are not mortgaged to banks

The interim government has already contacted various foreign organisations seeking their assistance

Finance and Commerce Adviser Salehuddin Ahmed yesterday asked the National Board of Revenue (NBR) officials to reconsider the duty structure of imported essential commodities in a bid to tackle persistent inflation..The adviser said essential commodities, namely edible oil, sugar, potato a