Do we know which were the top remittance receiving banks in Bangladesh for the month?

Remittance declined further in October, intensifying the pressure on the government to manage its macroeconomy amid plummeting foreign exchange reserves.

The City Bank Ltd made a Tk 330.55 crore consolidated profit after tax in the January to September period of 2022. 

Mutual Trust Bank logged a profit of Tk 223 crore in the January-September period of 2022. 

Romana Rouf Chowdhury has been elected chairman of Bank Asia Securities at the 51st meeting of its Board of Directors. 

Standard Chartered Bangladesh and Friendship, which terms itself a social purpose organisation, recently signed an agreement to run a project for 750 residents of Ghughumari Char, a remote island in Kurigram. 

Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh, in association with the National Board of Revenue and the Bangladesh Bank, recently rolled out an online statutory payment processing solution for the payments of value-added tax, VAT deducted at source (VDS), excise duty, supplementary duty, and penalties.

Al-Arafah Islami Bank promoted its deputy managing director to the post of additional managing director (AMD).

Mohammed Ayub was recently elected as vice-chairman of the board of directors of South Bangla Agriculture and Commerce (SBAC) Bank.

Dhaka Bank has announced winning a “2022 US Dollar Clearing Quality Recognition Award” from JP Morgan recently, saying it was for “consistent and quality performance of the bank’s funds transfer operation management in SWIFT MT202 payments”. 

Brac Bank took part in a “Remitters’ Festival-2022” at Expo Centre Sharjah in the UAE recently which was aimed at encouraging expatriates to send their hard-earned money home through legal channels, especially banking channels. 

Private sector credit growth fell by more than two percentage points in September as banks slowed loan disbursement amid liquidity crunch, snapping a seven-month upward trend. 

Earnings per share of NRB Commercial Bank stood at Tk 1.48 in the January-September period of 2022, said the private commercial bank in a press release.

Eastern Bank Ltd and Visa launched co-brand cards and loan products for Startup Bangladesh Ltd, the flagship venture capital fund of the ICT Division.

The Bangladesh Bank yesterday asked banks not to do transactions with Sri Lanka through the ACU mechanism.

Dilip Das Gupta has joined the Commercial Bank of Ceylon, Sri Lanka operations as a credit specialist for CBC Colombo and Maldives operations recently.

NRBC Bank has signed a memorandum of understanding (MoU) with Joyeeta Foundation to provide loans to women entrepreneurs at 5 per cent interest.

Bangladesh Bank today asked banks to clear the import bills in time or they will lose licences for authorised dealer (AD) branches, which are dedicated to do foreign exchange businesses.

The City Bank Ltd reported a 10.60 per cent year-on-year increase in profit at Tk 112.85 crore in the July-September quarter of 2022.  

Uttara Bank Limited’s profit fell 26 per cent year-on-year to Tk 45.70 crore in the July-September quarter of 2022.