Finance News: Latest Financial News, Finance News today in Bangladesh

IDRA should liquidate cos for insurance claims

Stakeholders in the insurance sector have proposed selling off assets of defaulting companies to settle customer claims against the backdrop of a further decline in claim settlement rates. Life insurance companies in the country settled 72.43 per cent of all claims in 2023, down from 74.28 per cent the year...

Factors behind sudden escalation of MFs on DSE

Listed mutual funds (MFs) witnessed the highest return last week on the Dhaka bourse among all sectors, with investors' sudden interest in them. The sectoral return of close-ended MFs was 5.14 per cent in the week, followed by the ceramics and services & real estate sectors.Of the weekly top 10...

City Bank appoints heads of wholesale, corporate banking

City Bank has appointed Mesbaul Asif Siddiqui as its new head of wholesale banking. Prior to this role, he served as the chief risk officer of the bank, strengthening the institution's risk management framework.The bank has also appointed Mohammad Mahmud Gony as DMD and head of corporate banking. Before assuming...

Summit Power's profit plunges 37pc in first half of FY25

FE REPORTSummit Power has reported a more than 37 per cent lower profit for the first half of FY25 to Tk 1.15 billion, compared to the same period of the previous year, as cost increased but demand fell. Its consolidated earnings per share (EPS) fell to Tk 1.15 in H1,...

Turkey's market rout worsens amid protests

ISTANBUL, March 22 (Reuters): Turkish stocks were set for their worst week since the aftermath of 2008's Lehman Brothers collapse on Friday as concerns about this week's detention of President Tayyip Erdogan's main political rival refused to subside.The lira was set for a 4 per cent weekly slump despite aggressive...

NCC BANK OBSERVES FINANCIAL LITERACY WEEK

NCC BANK OBSERVES FINANCIAL LITERACY WEEKNCC Bank celebrated Financial Literacy Week- 2025 with the theme "Think before you follow, wise money tomorrow" to include unbanked and marginalised people into the financial system. To mark the occasion, the bank organised a discussion at its head office on Wednesday. M. Shamsul Arefin,...