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

ICB sees Tk 12b frozen in failed banks, NBFIs

The Investment Corporation of Bangladesh (ICB) is facing a heavy loss of more than Tk 12.05 billion as it has been unable to recover any of the money invested in fixed deposit receipts (FDRs) with 12 troubled financial institutions.Of the institutions, 10 are non-bank financial institutions (NBFIs) and two others...

Ethics, trust, and inclusive growth define Midland Bank's journey

Midland Bank PLC, a fourth-generation bank in Bangladesh, has attained steady progress through prudent management, ethical values, digital innovation, and a focus on inclusive growth. In an exclusive interview with The Financial Express, the bank's Managing Director and CEO, Md Ahsan-uz Zaman, discussed its overall performance, credit management, approach to...

Daffodil Computers to convert loan into equity to reduce finance cost

Daffodil Computers has decided to increase the Daffodil Group'sstake in it by converting a loan into equity instead of repaying it in cash.The founder of Daffodil Group, Md. Sabur Khantold The Financial Express that Daffodil Computers currently does not have sufficient funds to repay the loan."The interest rate on this...

BD, Malaysia vow deeper trade, investment cooperation

Bangladesh and Malaysia have expressed confidence that continued collaboration will further strengthen bilateral relations and bring meaningful benefits for both nations, particularly through enhanced trade, investment, and industrial partnerships, reports UNB.Bangladesh High Commissioner to Malaysia Manjurul Karim Khan Chowdhury held a meeting with Saw Seong Ho, Chairman of the Federation...

BGFCL supplies 22 mmcfd of additional gas to national grid

Bangladesh Gas Fields Company Limited (BGFCL), the largest natural gas production company under Petrobangla, is currently producing an average of 458 million cubic feet of gas per day (mmcfd), which accounts for approximately 26 per cent of the country's total gas production and about 65 per cent of the production...

Mutual Trust Bank Holds BM & BAMLCO Conference 2025 with BFIU Leadership

Mutual Trust Bank organised its Branch Manager and Branch Anti Money Laundering Compliance Officer Conference on November 8, attended by top executives including MD & CEO Syed Mahbubur Rahman, Executive Director of BFIU Md. Mofizur Rahman Khan Chowdhury, and senior BFIU officials, to strengthen AML & CFT compliance awareness.

Prime Bank Signs Cash Management Agreement with SMC Enterprise

Prime Bank, led by CEO Hassan O. Rashid, has partnered with SMC Enterprise Ltd., represented by MD Sayef Nasir, to provide comprehensive cash management solutions through its omni-digital platform PrimePay, enabling secure nationwide payments, collections, and enhanced MIS reporting.

NCC Bank, Department of Youth Development to Support Young Entrepreneurs

NCC Bank MD M. Shamsul Arefin and DYD Director General Dr. Gazi Md. Saifuzzaman signed a Memorandum of Understanding to provide SME loan facilities to trained youth, aiming to foster self-reliance, generate employment, and drive sustainable economic growth.

IPDC welcomes 12 young talents thru' trainee programme

IPDC Finance PLC welcomes 12 exceptional young professionals into its flagship Management Trainee Programme, "The Unbounders," marking another milestone in the organisation's mission to develop future leaders for Bangladesh's financial sector. The induction ceremony was held at the IPDC head office in the city recently. Rizwan Dawood Shams, Managing Director...

Global securities watchdog says 'tokenization' creates new risks

PARIS, Nov 11 (Reuters): Crypto tokens linked to mainstream financial assets could create new risks for investors, the global securities regulator IOSCO said in a report on Tuesday, as the finance industry remains split on the merits of "tokenization".Tokenization - the process of creating blockchain-based tokens linked to real-world assets...