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

ATB's growth stunted by 'unfair valuation', lack of investor outreach

The Alternative Trading Board (ATB) of the Dhaka Stock Exchange (DSE) has failed to attract the targeted entrepreneurs even in two and a half years since the launch of the platform. The main reasons, as cited by market insiders, are the ceiling of the share price valuation and trading restrictions....

Regulator rejects Daffodil Computers' loan conversion proposal

The securities regulator has rejected the proposal of Daffodil Computers to issue 46.7 million shares for the purpose of converting a loan into equity, taken from a concern of the common business group.The listed company disclosed the regulatory decision through a filing on Monday on the Dhaka Stock Exchange (DSE).Earlier...

MTB named best digital bank for 2nd year

Mutual Trust Bank PLC (MTB) has been named Bangladesh's Best Digital Bank for the second year in a row by Euromoney, one of the world's most respected financial publications, in its Awards for Excellence 2025. The award recognizes MTB's sustained progress in digital transformation and its commitment to delivering technology-driven,...

Modhumoti Bank reappoints Shafiul Azam as CEO

Md. Shafiul Azam has been reappointed as the managing director (MD) and chief executive officer (CEO) of Modhumoti Bank for the next three years, according to a press statement.Mr Azam joined Modhumoti Bank in 2014 as an additional managing director and was first appointed as MD & CEO in 2016.After...

Mamdudur Rashid elected as ABB vice chair, Mohammad Maroof as treasurer

The Association of Bankers Bangladesh (ABB) in its 177th meeting of the board of governors has elected Mohammad Mamdudur Rashid, managing director & CEO of United Commercial Bank, as vice chairman of ABB, while Sheikh Mohammad Maroof, managing director & CEO of Dhaka Bank, was elected Treasurer.The meeting was held...

Syed Zulkar Nayen joins Bank Asia as DMD

Syed Zulkar Nayeen has joined Bank Asia as deputy managing director (D) & head of Retail Banking on August 7, according to a press statement.With more than 24 years of distinguishd experience in leading local and multinational banks, Mr. Zulkar Nayen has an established track record of driving growth, fostering...

Indian equity MF inflows soar to record high in July

Fund flows into India's equity mutual funds soared to a record last month, industry data showed on Monday, as local investors bought the market dip triggered by US-India trade uncertainty and muted corporate earnings, reports Reuters.Net flows into equity schemes rose 81 per cent month-on-month to 427.02 billion rupees ($4.9...

China’s Kaixi Group to invest $40m in BD

Chinese investor Kaixi Group has signed a fresh agreement to invest US$40.05 million in an intimate garments and accessories manufacturing facility at the BEPZA Economic Zone (BEPZA EZ), marking its second major investment in the zone, reports UNB.The agreement was inked between the Bangladesh Export Processing Zones Authority (BEPZA) and...

Danish envoy discusses infrastructure collaboration with PPPA

The Ambassador of Denmark to Bangladesh, Christian Brix Møller, paid a courtesy call on the Chief Executive Officer (Secretary) of the Public Private Partnership Authority (PPPA) Muhammad Rafiqul Islam at its Agargaon office in Dhaka on Monday.The meeting featured a productive bilateral exchange, with a special focus on the Laldia...

Rashida Banu joins BGIC as AMD

Rashida Banu has joined Bangladesh General Insurance Company PLC (BGIC) as Additional Managing Director recently, says a press release. Prior to her joining BGIC, she had been serving Reliance Insurance Limited as Deputy Managing Director. Mrs Banu, who obtained MSS degree from University of Dhaka, started off her career at...

IPDC joins Bangladesh Bank's national drive for women's financial inclusion

IPDC Finance PLC participated in the Divisional Workshop on Women's Financial Inclusion, organised by Bangladesh Bank at the Safina Park Auditorium in Godagari, Rajshahi. The workshop was held in line with the National Financial Inclusion Strategy, focusing on accelerating financial access and addressing key challenges faced by women. The workshop...

CCCI election set for Nov 1

CHATTOGRAM, Aug 11: The election to the board of directors of the Chittagong Chamber of Commerce and Industry (CCCI), the country's oldest trade body, will be held on November 1 for the 2025-26 and 2026-27 terms.The election schedule was announced by the election board formed by the Ministry of Commerce.According...

BEZA hands over 12.5 acres land to China Lesso Group

The Bangladesh Economic Zones Authority (BEZA) has officially handed over some 12.5 acres of land to China Lesso Group in the National Special Economic Zone (EZ), reports BSS.Earlier on September 19, 2024, the land lease agreement was signed in this regard. According to a press release issued in Dhaka on...

PRIME BANK INKS DEAL WITH TROPICAL HOMES

Prime Bank recently signed a strategic agreement with Tropical Homes at its corporate office in Gulshan, enabling the bank's customers to enjoy exclusive benefits from the renowned real estate company. The collaboration aims to offer special privileges, value-added services and customised offers for Prime Bank's valued clients, making property ownership...

MERCANTILE BANK STARTS FOUNDATION training programmes

Mercantile Bank started two different foundation training programmes for its newly recruited management trainee officers, MTO (IT) and MTO (Law) respectively at Bangladesh Institute of Bank Management (BIBM). Some 20 MTOs (IT) participated in the training that started on July 27. Mati Ul Hasan, managing director of the bank, inaugurated...