Shares of Islami Bank Bangladesh PLC soared 32 percent over the past three consecutive trading days

Finance Division says structural weaknesses holds back revenue growth

The association, which represents bank sponsors, demanded decisive enforcement against wilful defaulters and transparent treatment of shareholdings acquired through irregular means

Bangladesh's per capita gross national income (GNI) has surpassed the $3,000 mark for the first time, reaching $3,020 in fiscal year 2025-26, according to provisional estimates released today by the Bangladesh Bureau of Statistics (BBS

Bangladesh Bank today reappointed an observer at Islami Bank Bangladesh PLC amid ongoing unrest at the country's largest private bank, triggered by the banking regulator's appointment of a new chairman for the bank

Between June 1-7, the bank saw Tk 4,241 crore in withdrawals amid protests against appointment of new chairman

Shares of Beximco Ltd and Islami Bank fell the most among all listed firms on the first trading day after the stock regulator lifted a nearly four-year-old floor price restriction on the two companies

Under the scheme, banks and financial institutions will be able to access refinance support at an interest rate of 2 percent and lend to eligible borrowers at a maximum rate of 5 percent

The leaders of the Editors’ Council meet the central bank chief

The resignation is subject to regulatory approval

The Bangladesh Bank is now reconsidering an application by Meghna Group of Industries to obtain an $80 million loan from the International Finance Corporation for the purchase of four ships, after initially turning it down.

Protests at Islami Bank PLC entered a third day yesterday as a group of demonstrators, operating under the banner of the Islami Bank Conscious Customers’ Forum, demanded the removal of newly appointed Chairman Md Khurshid Alam.

The board meeting, initially scheduled to be held physically, could not take place due to demonstrations by the Islami Bank Customer Forum

Bangladesh Bank Executive Director and Spokesperson Arief Hossain Khan told journalists that no banking decision will be determined by street protests, stressing that the central bank will act strictly in accordance with the law and institutional interests, free from any form of pressure or emotion

He submitted his resignation letter to the governor of Bangladesh Bank

It dropped 34 percent year-on-year to $2.81 billion during July-April of FY26

They have also been instructed to provide services such as cash deposits, withdrawals and account opening facilities for traders and customers

Neither Bangladesh Bank nor the finance ministry had officially communicated with them despite a silent protest and memorandum submitted on May 6

BB Governor Md Mostaqur Rahman gave the instruction at a meeting between the central bank and treasury heads of commercial banks

Customers must complete a card transaction of up to Tk 500 and wait 24 hours before linking the card to an MFS account