Jalalabad Gas Transmission and Distribution System Ltd announced that they chalked up a total revenue of Tk 7,331.37 crore from the sales of 3917.819 million cubic metres (MMCM) of gas for the fiscal year 2023-24..The company deposited Tk 185.82 crore into the government exchequer in the f

Labour Adviser Brig Gen (retd) M Sakhawat Hussain will lead the six-member panel

Banking rules and regulations stipulate a single borrower exposure limit but the banking regulator itself disregarded the rule routinely in the last 16 years.

Once a reputable private commercial lender, AB Bank’s financial health is now deteriorating gradually due to boardroom mismanagement, loan irregularities, illegal facilities availed by its sponsors and inaccurate measures by the central bank.

Pubali Bank PLC organised the “Annual Risk Conference 2024” at the bank’s head office in Dhaka yesterday in a bid to ensure robust risk management and regulatory compliance..Over 200 participants of the bank across the country attended the conference..Md Mezbaul Haque, executive dire

Social Islami Bank PLC celebrated its 29th founding anniversary at its head office in Dhaka..The bank chalked out various activities, including discussion, at the bank’s head office and branches across the country..M Sadiqul Islam, chairman of the bank, inaugurated the programme as t

Eastern Bank PLC (EBL) recently organised a “Student Agency Night” at its head office in the capital’s Gulshan, bringing together premier educational agencies specialising in guiding students to pursue higher education abroad..Representatives from around 150 educational agencies took part

Bangladesh faces challenges related to regulatory and policy environments, including complex tariffs, intellectual property protection and inadequate logistics infrastructure, which are bottlenecks to diversifying exports to the UK, according to an HSBC study..Addressing these issues throu

Pubali Bank PLC organised a capacity development programme on “Sustainable Finance & Green Finance” at the bank’s head office in the capital yesterday..Mohammad Ali, managing director and CEO of the bank, presided over the daylong programme as the chief guest, the commercial lender said in

Southeast Bank PLC recently signed a memorandum of understanding (MoU) with Tiny Tots and Summerfield International School to provide the latter with tuition fee collection, payroll banking, school banking and other services..Nuruddin Md Sadeque Hossain, managing director of the bank, and

Dhaka Bank PLC recently signed a memorandum of understanding (MoU) with Dhaka South City Corporation (DSCC) for collecting holding tax and trade licence fees..Sheikh Mohammad Maroof, managing director and CEO of the bank, and Md Mizanur Rahman, chief executive officer of DSCC, penned the d

Bangladesh Bank (BB) Governor Ahsan H Mansur went on a visit to India yesterday to attend a high-level policy conference of central banks from the Global South..Two other members of the central bank are accompanying Mansur during the visit. They are Deputy Governor Md Habibur Rahman and Ex

Md Jashim Uddin was appointed as managing director and CEO of Bangladesh Development Bank PLC yesterday..Prior to joining his new assignment, Jashim Uddin had been working at Janata Bank PLC as deputy managing director, the bank said in a press release..He started his professional ba

Prime Bank PLC recently signed an agreement with Concord Architects & Interior Decor Limited, an interior design firm in Bangladesh..Md Nazeem A Choudhury, deputy managing director of the bank, and Anup Kumar Sarkar, chief marketing officer of Concord Group, penned the deal at the bank’s c

BRAC Bank’s branch network has achieved a milestone by making a net deposit growth of Tk 10,000 crore within the first ten months of 2024, spanning January to October..Despite a challenging economic environment, the bank obtained this impressive growth driven by the lender’s strong market

Bank Asia PLC recently won “SAFA Best Presented Annual Report Award 2023” for integrated reporting among all the participating institutions..Rumee A Hossain, director and chairman of the executive committee of the bank, and ANM Mahfuz, additional managing director, received the award and c

Pubali Bank PLC recently won two awards in different categories at the Mastercard Excellence Awards in recognition of the bank’s contributions to fostering financial inclusion and building a robust digital economy..Mastercard, the US-based payment solutions provider, awarded the commercial

The Bangladesh Association of Banks (BAB), the private bank owners’ forum, will work with the central bank governor and the finance adviser to rejuvenate the banking sector, weakened under 15 years of Awami League rule, said its new chairman Abdul Hai Sarker.

The defaulted loan figure is set to double as the Bangladesh Bank is set to tighten the classification rules for all types of loans by March next year to meet the International Monetary Fund’s loan conditions.

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has structured a $65 million Sustainability Linked Loan for Viyellatex Group, a vertically integrated garment manufacturer and exporter based in Bangladesh, to support their sustainability priorities following global Loan Ma