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

Padma Oil logs record profit, declares highest-ever dividend

Padma Oil has posted a record annual profit of Tk 5.63 billion for FY25, driven by higher sales and substantial non-operating income from bank deposits.The state-run oil distributor also registered a 38 per cent year-on-year profit growth for the year, according to price-sensitive information published on Thursday.The record profit prompted...

BEPZA seals $111m deals for Mirsarai industries

Bangladesh Export Processing Zones Authority (BEPZA) has signed agreements with four companies to set up industries at the BEPZA Economic Zone (EZ) in Mirsarai, Chattogram, involving a total investment of US$111.26 million and creating employment for 7,607 Bangladeshis.The agreements were signed at the BEPZA Complex in Dhaka on Thursday, report...

Salah Uddin appointed administrator of Social Islami Bank

Md Salah Uddin, Executive Director of Bangladesh Bank, assumed the role of Administrator of Social Islami Bank PLC on Wednesday, says a press statement. He took on this responsibility as part of a broader reform initiative launched by Bangladesh Bank to strengthen the banking sector and ensure financial stability.Bangladesh Bank's...

HC upholds fines on Beximco, BD Finance stock manipulators

The High Court (HC) has upheld the securities regulator's decision to impose fines on 22 investors, including individuals, for manipulating stock prices of Beximco and BD Finance.In an order issued on Thursday, an HC bench comprising Justice Kazi Zinat Hoque and Justice Aynun Nahar Siddiqua validated the decision of the...

BGMEA signs MoU with BBCC to strengthen Canada-BD trade ties

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Business Chamber of Canada (BBCC) have signed a significant Memorandum of Understanding (MoU) aimed at fostering cooperation, strengthening business ties, and creating new opportunities for mutual trade and investment growth, reports BSS.The signing ceremony was held at the BGMEA...

Md. Sawkatul Alam takes over as administrator of Exim Bank

Md. Sawkatul Alam, executive director, Bangladesh Bank, formally taken over as the administrator of EXIM Bank on Wednesday, as part of the ongoing merger process involving five banks, according to a press statement.Mr Alam obtained both his bachelor's and master's degrees from the Department of Mathematics, University of Dhaka, and...

PRIME BANK SIGNS PAYROLL AGREEMENT WITH RAHIM GROUP

Prime Bank recently signed a payroll agreement with Rahim Group at the bank's corporate office in Dhaka. Under this agreement, employees of Rahim Group will enjoy a range of exclusive banking privileges from Prime Bank, including preferential services, credit card and loan facilities. They will also have access to PrimePay,...

DHAKA BANK, RANGS SIGN MOU TO PROVIDE AUTO LOANS ON MITSUBISHI VEHICLES

Dhaka Bank signed a strategic partnership with RANGS Limited, the official distributor of Mitsubishi Motors in Bangladesh, to provide customers with auto loans at a special interest rate, reduced processing fee, and exclusive value-added benefits. H.M. Mostafizur Rahaman, SEVP & head of Retail Business Division, Dhaka Bank, and Mohammad Hamdur...

JANATA BANK ADDS NEWS SERVICES TO ITS APP

Janata Bank PLC's digital banking app, eJanata, has introduced NPSB fund transfer and mobile recharge facilities. At the same time, the app's user interface has been redesigned to make it more modern, attractive, and secure. Chairman of Janata Bank Fazlur Rahman inaugurated the new services at a simple ceremony on...

IDRA organises seminar

The Insurance Development and Regulatory Authority (IDRA) organised a seminar titled "Employment Opportunities for Youth in the Insurance Industry: Development and Prospects of the Actuarial Profession" at the Institution of Diploma Engineers Bangladesh (IDEB) recently. IDRA Chairman Dr M Aslam attended the seminar as the chief guest while Prof Md...

AL-ARAFAH ISLAMI BANK HOLDS 443RD BOARD MEETING

The 443rd Board meeting of Al-Arafah Islami Bank was held at the bank's Head Office on Thursday. Chairman of the Board of Directors Khwaja Shahriar presided over the meeting. The overall business performance of the bank was reviewed and several policy decisions were made at the meeting.