Banks could not receive any remittance in the five days of countrywide internet blackout this month

Islami Bank Bangladesh has reported a 7.2 percent increase in profit for the April-June quarter of 2024..The profit amounted to Tk 307 crore whereas it was Tk 286.22 crore in the same period last year..For the first half of the year, the bank's profit rose to Tk 356.92 crore from Tk

ASM Feroz Alam has been elected as chairman of Mercantile Bank Securities Ltd at a meeting of the company’s board of directors on Tuesday..Alam is a sponsor director of Mercantile Bank, the bank said in a press release..He is also the managing director of Toyo System BD Ltd..He

Prime Bank logged 49 percent growth in net profit after tax (NPAT) in the first half of the year that ended on June 30, 2024..The standalone NPAT was recorded at Tk 329 crore compared to Tk 221 crore of the same period of the previous year..Earnings per share stood at Tk 2.91 as agai

Southeast Bank recently provided financial assistance to grassroots-level farmers of the country from the bank’s special corporate social responsibility (CSR) fund to help their cultivation and facilitate purchasing of agri-machinery..The financial assistance was channeled to farmers throu

The bank’s half yearly loss soared 71% year-on-year

The Anti-Corruption Commission investigates the sources of his wealth

Jamuna Bank declared 26 percent dividends, including 17.50 percent cash dividend, for the year that ended on December 31, 2023..The declaration came at the bank’s 23rd annual general meeting (AGM), which was held virtually at the bank’s corporate office in Dhaka yesterday, according to a p

Trust Bank recently opened a relocated Naval Base branch in Chattogram..Rear Admiral Khondkar Misbah-ul-Azim, commander of Chattogram Naval area, inaugurated the branch, the bank said in a press release..Ahsan Zaman Chowdhury, managing director of the bank, and other senior officials

Citizens Bank recently organised a “Foundation Training Course” for its officers..A total of 30 officers from different branches and divisions participated in the training programme, which was held at the bank’s head office in Dhaka..Mohammad Masoom, managing director and CEO of the

Bata Shoe Company (Bangladesh) Limited announced a staggering 435 percent cash dividend, including 105 percent final and 330 percent interim dividends, for the year that ended on 31, 2023..The announcement came at the company’s 52nd annual general meeting (AGM), which was held virtually on

Transaction hours for public will be 10am to 4pm

The company will produce 8,000 tonnes of printed materials and packaging products every year

Eastern Bank recently won awards in two categories at the “Euromoney Awards for Excellence 2024” held in London..The categories are “Best Bank” and “Best Bank for Corporate Responsibility”..Eastern Bank is the first bank in Bangladesh to receive the coveted “Best Bank” award for the

Standard Bank yesterday declared 5 percent dividends, including 2.5 percent cash dividend, for the year that ended on December 31, 2023..The declaration came at the bank’s 25th annual general meeting (AGM), which was held at the Police Convention Hall on Eskaton Garden Road in the capital’

The DSEX declined 0.99% to end the day at 5,330

ONE Bank announced 7 percent dividends, including 3.5 percent cash dividend, for the year that ended on December 31, 2023..The announcement came at the bank’s 25th annual general meeting (AGM), which was held at the Lakeshore Grand hotel in the capital’s Gulshan recently, the bank said in

Salman F Rahman says in a meeting with business leaders

The move was taken to boost remittance inflow

Bankers are dreading a big drop in their profits as their defaulted loans are likely to increase further due to the curfew and the five-day internet blackout.