Islami Bank Bangladesh Limited’s profit slumped 32.70 per cent year-on-year to Tk 56.35 crore in the first quarter of 2023.

Riding on the reputation it has earned over the decades, Pubali Bank Ltd, one of the oldest banks in Bangladesh, is investing to build a robust digital infrastructure with a view to providing all financial services at the fingertips of customers and their doorsteps. 

Meghna Bank recently partnered with Bangladesh Freelancer Development Society (BFDS) to launch its new product “Freelancer Account Service Pack”.

Md Saidul Islam has been elected as the chairman of Jamuna Bank Limited for a one-year term.

Mutual Trust Bank Limited has won a “Best Commercial Bank in Bangladesh 2023” award of International Business Magazine for its performance and innovative solutions. 

Social Islami Bank Limited made a Tk 206.83 crore profit in 2022, up more than 18 per cent a year earlier, despite alleged loan irregularities and abrupt resignations by the board chairman and a top official.

South Bangla Agriculture & Commerce (SBAC) Bank Limited clocked a 9 per cent year-on-year increase in profit to Tk 59.34 crore in the financial year that ended on December 31.

TIB urges government

First Security Islami Bank Limited’s profit declined 12.18 per cent year-on-year to Tk 293.93 crore in 2022.

United Commercial Bank Ltd reported a 32 per cent increase in profit to Tk 330.47 crore in 2022.

A senior official of Dhaka Bank Limited has recently been promoted to the post of deputy managing director (DMD).

Mutual Trust Bank Limited won a “Best SME Bank Bangladesh 2023” award of Global Business Magazine for its contribution in the development of the cottage, micro, small, and medium enterprise sector in Bangladesh. 

The effort will also help in ensuring efficient use of power and fuel, the Bangladesh Bank said

Bangladesh Bank says today

The Shariah-based bank made a profit of Tk 334.72 in 2021

The bank's profit hit Tk 330.47 crore in 2022, up from Tk 250.31 crore in 2021

The formula will be followed from July this year

The OBS item is a term for assets or liabilities that do not appear on a balance sheet

Clients are not allowed to enjoy new funds from the scheme if they have overdue export bills

The private commercial bank posted a profit of Tk 555.90 crore in 2021.