Appointment came into effect on October 1 this year

Bangladesh Krishi Bank (BKB) has been incurring losses for at least 30 years due mainly to structural weaknesses as the state-run lender has to lend at lower interest rates, pay more for deposits and is sitting on higher non-performing loans. 

Community Bank Bangladesh Ltd yesterday organised its 45th board meeting.

Dhaka Bank Ltd, in collaboration with Mastercard, awarded the winners of a campaign styled “Dhaka Bank Spend & Win Big - ICC Men’s Cricket World Cup 2023”.

First Security Islami Bank PLC has celebrated its 24th founding anniversary.

Investment proposals in different sectors fell 34 percent to about Tk 20,962 crore during the July-September period of the current fiscal year, according to the Bangladesh Investment Development Authority (Bida).

IPDC Finance Limited, one of the leading private sector financial institutions in the country, said its profit plunged by 70 percent year-on-year in the nine months to September of 2023.

The interference of male family members is hindering women entrepreneurs from making independent decisions in businesses females had founded, experts said yesterday.

The current economic situation has emerged as one of the main challenges for the telecom sector  of Bangladesh as sustained high inflation could hinder the purchase of telecom services, according to a top executive of a multinational mobile phone company.

Bangladesh Bank is preparing a roadmap for the next government to address the three major issues of exchange rate instability, high inflation and high defaulted loan ratio bearing upon the economy.

Robi Axiata Ltd, the country’s second-largest mobile telecom service provider, said its profit surged three-fold in the first three quarters to the end of September this year, buoyed by increased data revenue and reduced expenses for foreign exchange.

The Customs Bill-2023, aiming to ensure fiscal discipline and accountability in import revenue collection and trade facilitation, was placed in parliament yesterday.

Rick Haque Sikder, a director of National Bank Ltd (NBL) and chairman of R&R Aviation Ltd, has defaulted on repayments of a loan with AB Bank Ltd, which might cost him the directorship if dues are not cleared in two months.   

Bangladesh Bank yesterday handed over letters of intent (LoIs) to Nagad Ltd and Kori, paving the way for them to launch full-fledged digital banks for the first time in the country.

Bangladesh will purchase liquefied natural gas (LNG) from Excelerate Gas Marketing Ltd Partnership, a subsidiary of Excelerate Energy, under a 15-year contract from 2026. 

Rick Haque Sikder, a director of National Bank Ltd (NBL) and chairman of R&R Aviation Ltd, has defaulted on repayments of a loan with AB Bank Ltd, which might cost him the directorship if dues are not cleared in two months.

Its profits hit Tk 202 crore in Q1, up from Tk 46 crore loss in Q1 of previous year

It made a profit of Tk 172.35 crore in the first three quarters, a three-fold rise

Bangladesh Bank today issued a letter with its seal of approval to Nagad Digital Bank for launching a full-fledged digital bank in the country, according to a press release.

Bandwidth imports from India have surpassed that from submarine cables due to a surge in internet usage, India’s more attractive pricing and enhanced redundancy, and the saturation of Bangladesh’s existing undersea cables’ capacity.