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

Grameenphone profit hits 8-year low amid cost pressure

Grameenphone earned its lowest profit in eight years in 2025-Tk 29.6 billion-largely driven by cost pressure linked to recent investments in spectrum and the network, currency depreciation, and heavy taxes.Its profit plunged 19 per cent year-on-year last year, reaching the record-low level.Due to the significant erosion in earnings, the country's...

BRAC Bank aims to boost financial inclusion with technology and trust

BRAC Bank aims to expand its financial inclusion footprint in the country's banking landscape by combining cutting-edge technology with institutional trust.With a clear focus on broadening access to financial services, the leading commercial bank plans to target key areas such as school banking and agent banking, and reaching out to...

Nurul Azim joins Shimanto Bank as MD & CEO

Md. Nurul Azim officially assumed office on Tuesday as the managing director and chief executive officer (MD & CEO) of Shimanto Bank. Prior to joining the bank, he served as the managing director of Islamic Finance and Investment, according to a press release.With nearly 25 years of experience in the...

PUBALI BANK, BKASH JOIN HANDS FOR 24/7 AUTOMATED CASH MANAGEMENT SERVICES

Pubali Bank has signed a partnership agreement with bKash to launch 24/7 automated cash management services for bKash agents, distributors and partners across the country. Under this partnership, bKash's extensive network of agents and distributors maintaining accounts with Pubali Bank will gain access to round the clock automated cash management...

EBL OFFERS FINANCING FOR CAR PURCHASE FROM ZANTRIK

Customers of Eastern Bank (EBL) will enjoy financial support when purchasing cars from Zantrik. M. Khorshed Anowar, deputy managing director and head of retail and SME banking of EBL, and Biplob Chandra Biswas, co-founder and COO of Zantrik Limited, signed an agreement to this effect in Dhaka recently. EBL's Mohammad...

MODHUMOTI BANK SIGNS MOU WITH SPARK RIDE TECHNOLOGY

Modhumoti Bank PLC signed an MoU with Spark Ride Technology Limited at the bank's Head Office in Dhaka recently. Arab Fazlur Rahman, Deputy Managing Director & Chief Business Officer of the bank, and Khaledur Rahman Dewan, Chief Operating Officer of Spark Ride Technology, signed the agreement in the presence of...

ISLAMI BANK SIGNS MOU WITH DHAKA NORTH CITY CORPORATION

Islami Bank Bangladesh PLC and Dhaka North City Corporation (DNCC) have signed a corporate agreement regarding customer service. Under this agreement, citizens can pay fees of all services of DNCC through all branches and sub-branches of Islami Bank, as well as its digital payment platforms CellFin, mCash, and iBanking. In...

RUPALI BANK HOLDS BUSINESS REVIEW MEETING IN FARIDPUR

Rupali Bank PLC's Faridpur Divisional office held a business review meeting at the SDC Tower Auditorium in Faridpur district on Tuesday. Managing Director of the bank Kazi Md. Wahidul Islam was present as the chief guest. Faridpur Divisional Head and General Manager Md Monirul Haque presided over the event while...

JANATA EXCHANGE COMPANY SETS UP AGENT POINTS IN ITALY

Janata Exchange Company (JEC) SRL, Italy, a subsidiary of Janata Bank PLC, has established agent points in Italy to facilitate remittance transfers. The agent point operation was inaugurated on an online platform on Monday. Ambassador of Bangladesh to Italy A.T.M. Rokebul Haque was present as the guest of honour and...

India's markets get tariff relief but not a buy yet

MUMBAI/SINGAPORE/LONDON, Feb 4 (Reuters): The US-India trade deal has blown away clouds over the unloved Indian rupee and is probably enough to pause relentless foreign selling in stocks, but investors say earnings growth must rebound and fundamentals improve for sustained buying.The long-awaited deal sparked a surge in the stock market...

Stocks mostly rise as traders ignore AI-fuelled sell-off on Wall St

HONG KONG, Feb 4 (AFP): Stocks mostly rose Wednesday as investors brushed off another tech-fuelled sell-off on Wall Street, while precious metals continued their recovery on dip-buying following a two-day collapse.Oil prices also extended gains on a fresh pick-up in US-Iran tensions after an American jet shot down an Iranian...