Islami Bank Bangladesh Limited operated with Islamic rules and mobile financial service of the Post Office Nagad have come up with an exciting bonus offer for the customers. The customers will be given a BDT 70 instant bonus as a gift for depositing BDT 3,000 with ‘Nagad Islamic’ from Islami Bank, according to the ‘Add … Read more
Mr. Tarek Reaz Khan joined Padma Bank Limited as Managing Director (MD) & Chief Executive Officer (CEO) for 3-year tenure with effect from 09 March 2022. Tarek previously served as Deputy Managing Director & COO of Mutual Trust Bank Ltd. After completing Masters in Marketing from Dhaka University, Tarek started his career with Beximco Group … Read more
Bangladesh Bank (BB) has asked banks not to terminate any officials or employees due to their failure to fulfill the target of deposit collection. Banks also will not be allowed to either postpone the promotion or ask to resign their officials or employees, if the officials or employees fail to achieve the target of deposit … Read more
Sonali Bank has auctioned a factory and 100 decimals of land owned by Ratanpur Steel Re-Rolling Mills Limited (RSRM) in Bayazid of Chattogram to recover loans in default. According to an auction announcement published in the media on Wednesday, RSRM – a leading steel company in Chattogram – owes over Tk201 crore to Sonali Bank. … Read more
Sonali Bank Limited has made a record-breaking operating profit of Tk2,205 crore in the year 2021. Previously, the bank earned an operating profit of Tk2,153 crore in 2020. According to the data of the bank, the classified loan of the bank also came down to 14.14% at the end of 2021, 4.23% less than the … Read more
From the position of director of the state-owned Agrani Bank, government has removed Faraz Ali. Biswajit Bhattacharya, Additional Secretary, Ministry of Finance, has been appointed in his place. The decision was taken last week by the Finance Ministry’s Financial Institutions Division. The appointment of a new director is awaiting approval from Bangladesh Bank. Before becoming … Read more
The Asian Development Bank (ADB) will assist small entrepreneurs in creating employment in Bangladesh. For this, the company is giving a loan of 150 million dollars. In Bangladeshi currency, the amount is about 1,265 crore Tk (85 Tk per dollar). The Department of Economic Relations (ERD) signed a loan agreement in Sher-e-Bangla Nagar on Monday … Read more
upay, one of the fastest-growing mobile financial service providers in the country has won the ‘Fintech Innovation of the Year’ award in mobile money category. The award has been conferred to upay for its innovative multi-wallet feature enabling customers to make transaction at a lower cost from four different wallets in one upay account. Sydul … Read more
More than one crore people of Bangladesh have migrated to different countries of the world. The wheel of the country’s economy is moving with the hard earned money sent by the expatriates. The exchange rate of the currency was raised on 23 November 2021 to facilitate the transactions of these expatriates who have migrated abroad. … Read more
More than one crore people of Bangladesh have migrated to different countries of the world. The wheel of the country’s economy is moving with the hard earned money sent by the expatriates. The exchange rate of the currency was raised on 18 November 2021 to facilitate the transactions of these expatriates who have migrated abroad. … Read more