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

IDLC Finance's profit up 43pc on gains from T-bonds

IDLC Finance reported a profit of Tk 508.77 million for the first quarter of 2025, a year-on-year surge of more than 43.6 per cent, driven by gains from Treasury bonds and reduced provision. The earnings per share (EPS) rose to Tk 1.22 for the first quarter of 2025 from Tk...

United Power gets back gas but price fight isn't over yet

Gas supply to a plant of the United Power Generation & Distribution Company (UPGDC) has been resumed two weeks after suspension as the government, under pressure to meet rising energy demand, agreed to address a dispute over gas pricing. The 82 MW plant located in the Dhaka Export Processing Zone...

Credit access, insurance payments and savings thru MFS surge in BD

People's access to credit, insurance payments, and savings through mobile financial services (MFS) saw a significant increase in Bangladesh last year compared to the previous year, according to a recent global report.The report highlighted that the number of mobile money users availing loans rose to 14 per cent in the...

AL ARAFAH ISLAMI BANK'S WOMAN ENTREPRENEUR RECEIVES AWARD

Al-Arafah Islami Bank's woman entrepreneur Rozi Ahmed received award at the Banker-SME Women Entrepreneurs Assembly, Product Exhibition and Fair 2025, organised by the Bangladesh Bank (BB). Rozi Ahmed received the crest and financial award from Nurun Nahar, deputy governor of the Bangladesh Bank, at the closing ceremony of the four-day...

MODHUMOTI BANK DONATES TK 4M FOR EDUCATION

Modhumoti Bank donated a total of Tk 4 million to 40 educational institutions of Sakhipur, Tangail for establishing or renovating computer labs and other infrastructure. Each institution will get Tk 100,000 from the bank's CSR programme. Md. Abdullah Al Rony, upazila nirbahi officer (UNO), Sakhipur, Tangail, and Mr. Arab Fazlur...

SHAHJALAL ISLAMI BANK CELEBRATES 24TH ANNIVERSARY

Shahjalal Islami Bank celebrated its 24th anniversary on Monday. The bank commenced its operations on May 10, 2001, and since then has been compliant with the Islamic Shariah. Special Doamahfil & Quran Khatom programme was organised at all branches and sub-branches, including the corporate head office. Special prayers were offered...

PRIME BANK ORGANISES TRAINING FOR DINAJPUR FARMERS

Prime Bank held an Open Agri Credit Disbursement and Training Programme in Birol, Dinajpur, engaging 150 farmers, including both existing borrowers and potential clients from nearby areas. The event was aimed at facilitating credit access and strengthening farmers' maize cultivation capacity. The session featured expert training by Mustafizur Rahman Shah,...

ICMAB team meets newly-appointed FRC Chairman

A high-level delegation from the Institute of Cost and Management Accountants of Bangladesh (ICMAB), led by its President Mahtab Uddin Ahmed, paid a courtesy call on Dr Md Sajjad Hossain Bhuiyan, newly-appointed Chairman of the Financial Reporting Council (FRC), at his office on Monday. The ICMAB delegation congratulated Dr Bhuiyan...

Janata Bank chairman greets newly-appointed director

Md Obaydul Haque, former executive director of Bangladesh Bank and former principal of NRBC Bank Training Institute, recently joined Janata Bank PLC as a director. On the occasion, Chairman of the board of directors of Janata Bank PLC Md Fazlur Rahman greeted newly-appointed director of the bank Md Obaydul Haque...

Sonali Bank opens new branch in Dinajpur

Sonali Bank PLC opened its 1234th branch at Ranir Bandar in Chirir Bandar upazila, Dinajpur, on Monday. Managing Director & CEO Md Shawkat Ali Khan inaugurated the branch as the chief guest. Md Mizanur Rahman Mazumder, General Manager, General Manager's Office, Dinajpur, presided over the inaugural ceremony while Deputy Managing...

National Bank's 'Basic course for Cash Officers' ends

A five-day training on 'Basic course for Cash Officers' (34th Batch) of National Bank concluded at the Training Institute of the bank recently. A total of 27 officers from different branches of NBL participated in this training course. Imran Ahmed, Managing Director (Current Charge) of National Bank, was present at...

South Asia Insurance holds 1st Quarter Business Conference

The "1st Quarter Business Conference-2025" of South Asia Insurance Company Limited was held at its head office in the city recently. Chief Executive Officer of the company Muhammad Nurul Alam Chowdhury presided over the conference. The programme was conducted by Assistant Managing Director and Company Secretary of the company Md...

World-class American products now available at Wholesale Club

Wholesale Club-Bangladesh has recently imported a vast selection of premium products from American retail chains -- Costco, Jetro, Sam's Club, and Bargain -- for sale at its only hypermarket located in Jamuna Future Park (Level-2) in Dhaka, says a statement. Placing top priority on customer demands, Wholesale Club directly imports...

Markets rally after China and US slash tariffs for 90 days

HONG KONG, May 12 (AFP): Stocks rallied Monday after Chinese and US officials made "substantial progress" at trade talks in Geneva and slashed their tit-for-tat tariffs for 90 days, fuelling hopes the two sides will pull back from a standoff that has rattled global markets.Investors have been on a rollercoaster...

Norway wealth fund divests from second Israeli company since Gaza war

OSLO, May 12 (Reuters): Norway's sovereign wealth fund, the world's largest, said it had sold all of its shares in Israel's Paz Retail and Energy because the company owns and operates infrastructure supplying fuel to Israeli settlements in the occupied West Bank.The divestment, announced on Sunday, was the second of...