The Asian Infrastructure Investment Bank and the New Development Bank, two global multilateral development banks, have jointly signed an agreement with City Bank PLC to provide a total of $75 million in long-term financing.
Several conventional banks are seeking to expand their Islamic banking operations, either by transforming into full-fledged Shariah-based banks or by opening more Islamic windows and branches...
State-owned Rupali Bank PLC has achieved the milestone of $1 billion in foreign remittance collection for the first time in the calendar year...
The banking sector and the stock markets in Bangladesh will remain closed for four consecutive days starting from Wednesday.
Islami Bank Bangladesh PLC has terminated 200 officers and placed 4,771 others on special duty after they refused to take part in a qualification test designed to verify their recruitment...
Private sector foreign loans will now come under central monitoring as Bangladesh Bank has instructed banks to report all such borrowings to its Credit Information Bureau (CIB) database...
The dollar holdings of Bangladesh鈥檚 commercial banks declined in August despite a rise in remittance inflows and export earnings, as the central bank鈥檚 large-scale dollar purchases and increased import payments drained banks鈥� foreign currency balances...
Bangladesh Bank has barred Islamic scholars from serving on Shariah supervisory committees of more than three banks at a time, in an effort to improve governance and strengthen oversight in Islamic banking...
NRB Bank PLC has announced the launch of its two financial products, one generating daily interest/profit on deposits, and the other offering loan facilities for second-hand car purchase...
Modhumoti Bank鈥檚 executive committee held its 138th meeting on Saturday, said a press release...
Bangladesh Bank has finalised five proposed names as administrators for Islamic banks that are under consideration for a merger.
Bangladesh Bank governor Ahsan H Mansur said that they had recommended the merger of state-owned banks to accelerate the reform in the banking sector hamstrung during the Awami League regime before being ousted on August 5, 2024 in the wake of a mass uprising.
Bangladesh Commerce Bank Limited on Saturday held its 27th annual general meeting through digital platform, said a press release.
Dhaka Bank PLC on Wednesday launched Bangladesh鈥檚 first AI-driven digital loan app for smartphones and smart devices aimed at making technology more affordable and accessible for service professionals, micro-entrepreneurs and underserved and unserved communities.
Ahsan Khan Chowdhury, chairman of Midland Bank PLC, has been honoured with 鈥楤usiness Person of the Year鈥� award at the 鈥�23rd DHL-The Daily Star Bangladesh Business Awards鈥�.
