UCB launches new products to realise three zeroes vision
United Commercial Bank PLC on Tuesday launched a new range of products, including deposit account and loan package.
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Plan International holds 鈥楿ntil You Hear Me鈥�
Plan International Bangladesh on Thursday in Dhaka hosted a dialogue titled Until You Hear Me, as part of the International Day of the Girl 2024 celebrations...
China jails former top central banker for life for bribery
China jailed a former top central banker on Thursday for life for bribery, state media said, part of a years-old crackdown on corruption...
German govt expects another recession in 2024: report
The German government has slashed its forecast and now expects Europe鈥檚 largest聽economy聽to shrink for a second year running as hopes for a consumption-driven recovery fizzle out, media reported Sunday...
MyBL Super App campaign wins Digital Nations award
Banglalink鈥檚 鈥楳yBL Super App: Revolutionising Healthcare in Rural Bangladesh鈥� campaign has won 鈥楨xcellence in Digital Inclusion Award鈥� at M360 APAC Digital Nations Awards in Seoul, South Korea 鈥� GSMA鈥檚 annual flagship event for the Asia Pacific region, said a press release...
Rashid appointed as MD, CEO of UCB
Mohammad Mamdudur Rashid has been appointed as managing director and chief executive officer of United Commercial Bank PLC recently, said a press release...
TIB calls for overhauling of information commission, amendments to RTI Act
Transparency International Bangladesh has called for streamlining the information commission and bringing amendments to the Right to Information Act so that Bangladesh nationals can reap the benefit of the right to information.
10 solvent banks to provide support to 9 troubled ones
Ten banks have agreed to provide liquidity support to nine struggling banks through interbank market, with the central bank assuming responsibility for repaying any loans if these crisis-hit banks fail to do so...
Bank accounts with over Tk聽1cr rise to 1,18,784 in June
The number of bank accounts holding deposits exceeding Tk聽1 crore increased to 1,18,784 as of June, according to Bangladesh Bank data...
Nine banks survive on Tk聽18,165cr BB lifeline
Nine banks are currently operating with a combined negative current account balance of Tk 18,165 crore with the Bangladesh Bank, which means they are relying entirely on lifelines provided by the central bank to remain afloat...
Norway central bank sees no rate cut this year
Norway鈥檚 central bank kept its key interest rate at a 16-year high Thursday and signalled it would only start cuts next year, later than its US and European peers...
Prime Bank signs agreement with Nippon Signal Bangladesh
Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has recently signed an agreement with Nippon Signal Bangladesh Private Ltd at the bank鈥檚 corporate office, says a press release.
TIUS, TIB urges US to help Bangladesh recover its stolen assets
Transparency International US and Transparency International Bangladesh have said the United States can show its genuine partnership by playing a proactive role in helping the people of Bangladesh recover the assets that rightly belong to them and that are so desperately needed to rebuild its future...
TIB, TI-US want US to freeze illegal assets of Bangladeshi citizens聽聽聽聽
Transparency International Bangladesh and Transparency International-US in a joint letter have asked the US government to freeze the money smuggled out from Bangladesh.
European stocks, dollar recover from US jobs disappointment
European stock markets and the dollar recovered Monday after big pre-weekend falls caused by concerns about the health of the US economy, but Asian equities declined further...
Combatting corruption
BANGLADESH stands at the crossroads of a national reckoning. Of many serious issues facing the nation, first and foremost is the dire need to combat corruption. According to a Transparency International Bangladesh survey report, citizens of Bangladesh perceive political parties (62 per cent ) and the parliament (40 per cent) as among the most corrupt...
UCB elects chairman, vice-chairman, EC chair and audit committee chief
Business leader and entrepreneur Sharif Zahir has been unanimously elected the chairman of United Commercial Bank PLC during the board meeting held on Thursday at the corporate office of UCB....
German inflation falls below 2pc for first time since 2021
German inflation fell to its lowest level in more than three years in August, official data showed Thursday, strengthening the case for another interest rate cut by the European Central Bank next month...
None to hold office of govt, party chiefs at a time: TIB
The Transparency International Bangladesh on Wednesday gave to the interim government a reform agenda containing a 55-point recommendation, including a provision that would bar an individual from serving as prime minister for more than two terms...
Aparup elected UCB chair
Aparup Chowdhury has been elected chairman of United Commercial Bank PLC during the bank鈥檚 board meeting held on Tuesday, said a press release...
Bangladesh Bank reshapes boards of Union, Global Islami, UCB聽 banks
Bangladesh Bank on Tuesday dissolved the boards of Union Bank, Global Islami Bank, and United Commercial Bank, replacing them with independent directors.
Mintoo elected NBL chair
Abdul Awal Mintoo has been elected chairman of National Bank Limited during the bank鈥檚 505th board meeting held on Thursday, said a press release.
BB suspends Nagad Digital Bank license
The Bangladesh Bank governor Ahsan H Mansur on Thursday said that the digital banking license for Nagad Digital Bank PLC was suspended and the central bank would review the process...
Switzerland moves towards cashless future with instant payments
Switzerland鈥檚 new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live...
BB dissolves NBL board, appoints 7 new directors including Abdul Awal Mintoo
The Bangladesh Bank has dissolved the board of the troubled National Bank for the third time and appointed seven new directors, including Abdul Awal Mintoo, a shareholder of the bank, to the board...
BB seeks Nagad Digital Bank鈥檚 5 foreign shareholders info
Bangladesh Bank has requested the foreign ministry to provide information of five foreign sponsor shareholders of Nagad Digital Bank PLC...
Govt, central bank must put banking sector in order
The banking sector is in a bad shape as massive irregularities gripped most banks and non-bank financial institutions in 15 years. The sector ran, as the Centre for Policy Dialogue says, beyond regulatory control while the central bank favoured certain individuals and groups. The think tank says that Tk 92,261 crore was embezzled in 24 major banking scams...
Overhaul of BFIU, ACC, CID, NBR is indispensable: TIB
Despite substantial evidence of undeclared assets belonging to former land minister Saifuzzaman Chowdhury Javed and his wife Rukhmila Zaman Chowdhury, the authorities concerned had failed to take action for an extended period....
US inflation still 鈥榰ncomfortably鈥� high: Fed official
US inflation remains 鈥榰ncomfortably鈥� above the Federal Reserve鈥檚 target despite the progress it has made in recent months, a senior bank official said Saturday...
LC opening rises slightly in FY24
The opening of letter of credit (LC) for imports increased in the financial year 2023-24 compared with that of in the year 2022-23 despite the central bank鈥檚 restrictive measures and a dollar crisis on the market...