13 have NPL below 3%, much lower than the sectoral ratio of 8%

Armada Spinning Mills Ltd, Kingsway Endeavors Ltd and Uniglobe Business Resources Ltd sold their 9.07% stakes in the bank

Mayeenuddin was appointed as an independent director to the board in December 2021

Mutual Trust Bank Limited (MTB) recently appointed Rais Uddin Ahmad as its company secretary.

The shareholders of Agrani Bank Limited have approved adopting the PLC suffix for the lender, Agrani Bank PLC, in the third special and extraordinary general meeting held at the bank’s head office in Dhaka yesterday.

Premier Bank Limited organised a half-yearly “Business Conference-2023” at Renaissance Dhaka Gulshan Hotel in the capital yesterday.

The banking sector is burdened by a high non-performing loan (NPL) and will need to continue measures to beef up supervision and accelerate loan recovery, according to the Bangladesh Bank.

Southeast Bank Ltd announced 10 per cent dividends, including 6 per cent cash dividend, for the year that ended on December 31, 2022.

Obaid Ullah Hamzah, director general of Al-Jamia Al-Islamia Patiya Madrasa, has been elected as the chairman of the Shari’ah Supervisory Committee of Islami Bank Bangladesh.

The investment (overdrawn) facility will facilitate the execution of inward remittance on time, said the bank in a filing on the Dhaka Stock Exchange.

Prime Bank Ltd has received consent from the Bangladesh Securities and Exchange Commission to raise Tk 300 crore by issuing bonds.

The board of the EBL agreed in principle in this regard, according to a filing posted by the private bank on the Dhaka Stock Exchange website on June 26.

It hits $31.15 billion today

Bangladesh Bank says in a notice

The Bangladesh Bank has invited applications from entrepreneurs interested in establishing digital banks and delivering financial products efficiently through branchless operation

Sonali Bank and Islami Bank Bangladesh have signed a deal enabling customers of the latter’s digital wallet service “Cellfin” and mobile financial service “mCash” to pay fees and charges through the former’s payment gateway services. 

The Association of Anti-Money Laundering Compliance Officers of Banks in Bangladesh (AACOBB), in collaboration with Bangladesh Financial Intelligence Unit (BFIU),

Bangladesh Bank has relaxed rules to provide support to foreign investors. 

NCC Bank organised a daylong conference on “Prevention of Money Laundering and Terrorist Financing” at Brac-CDM in Savar recently for 132 branch-based anti-money laundering compliance officers. 

Mastercard and Brac Bank launched a “World Credit Card” focusing health and wellness benefits yesterday.