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

Regulator wants it spent on investor protection, brokers prefer to keep it

Stockbrokers are at loggerheads with the securities regulator over the utilisation of interest income earned from investors' idle funds kept in a bank account namely Consolidated Customer Account (CCA). The Bangladesh Securities and Exchange Commission (BSEC) wants the money to be spent over investors' protection and financial literacy programmes. It...

General insurers see growth driven by higher premium income, efficiency

General insurance companies, which could increase premium income and had invested in Treasury securities, secured profit growth in the first quarter through March this year. Out of the 10 general insurers that recently declared their profits earned in January-March this year, six reported growth while the remaining four saw a...

AB Bank elects new chairman-

The board of AB Bank in its 813th board meeting elected Kaiser A. Chowdhury as its chairman. Mr. Chowdhury is an iconic banker with years of experience as CEO and board member of several banks and financial institutions, according to a statement. He started his career with ANZ Grindlays Bank...

Zakir Ahmed Khan new chair of Pioneer Insurance

Zakir Ahmed Khan was unanimously elected as chairman of Pioneer Insurance Company Limited in the 245th meeting of the board of directors on May 11 for 2025 - 2026.Currently, he is serving as Palli Karma-Sahayak Foundation (PKSF) chairman, a press statement says.Mr. Khan earned his Honours and Master's degrees in...

Saudi wealth fund signs $11bn deals to boost financial markets

RIYADH, May 15 (Arab News): Saudi Arabia's Public Investment Fund has signed a series of landmark agreements with leading US financial institutions worth a combined potential investment of up to $11 billion, signaling a major push to strengthen and diversify the Kingdom's capital markets as part of Vision 2030.The deals...

Three enterprises get Feminist Green Action Award

Three enterprises have been awarded Feminist Green Action Award 2025, the first of its kind, for their contribution to compliant, environment-friendly, and gender sensitive business practices.Tripty Boutique House under Centre for Development and Peace (CDP), and Ecolery Bangladesh received the award in the SME category, while Aman Spinning Mills Ltd...

Shafayat takes over as CEO of Nagad

Md Shafayet Alam has taken over as the Chief Executive Officer (CEO) of Nagad Ltd., one of the country's leading mobile financial service providers.Upon taking charge on Monday, Mr Alam pledged to further expand Nagad's services in keeping with customers' changing needs, says a statement.With nearly three decades of experience,...

Mohammad Hatem elected BKMEA president

Mohammad Hatem, managing director of MB Knit Fashion, and Fazlee Shamim Ehsan, managing director of Fatullah Apparels Ltd, have been elected president and executive president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) respectively for the 2025-27 term.Earlier, the Progressive Knit Alliance led by Mohammad Hatem won all the...

Novoair to resume services May 21

After two weeks of suspension, private airline Novoair is set to resume flight services on domestic routes from May 21.It has also offered a 15 per cent discount on ticket prices in a statement on Thursday, reports bdnews24.com.The airline suspended its flights on May 2, mentioning that the closure was...

EBL, IFC PARTNER TO BOLSTER CLIMATE RISK MANAGEMENT

Eastern Bank entered into a strategic partnership with the International Finance Corporation (IFC) to advance its climate risk management capabilities. With this partnership, EBL becomes the first commercial bank in Bangladesh's banking sector to collaborate with IFC on enhancing climate risk management frameworks. This advisory initiative aims to strengthen EBL's...

DHAKA BANK, OMERA PETROLEUM SIGN DEAL ON DISTRIBUTOR FINANCE PROGRAMME

Dhaka Bank signed a MoU on Distributor Finance Program with Omera Petroleum Ltd., on Tuesday at the Dhaka Bank’s head office. Md. Mostaque Ahmed, DMD & chief emerging market officer, and Dilruba Chowdhury, director, HR of East Coast Group, exchanged the MoU. Sheikh Mohammad Maroof, managing director & CEO of...

ISLAMI BANK ACHIEVES DIGITAL BANKING SERVICES AWARD

Islami Bank Bangladesh achieved the Accessible Digital Banking Services Award for its significant role in providing disability-friendly banking services through the 'Cellfin' app. The prize was handed over in a programme organised by Aspire to Innovate (a2I) on the occasion of Global Accessibility Awareness Day on Thursday, May 15, at...

Sonali Bank sets up five new divisions

Sonali Bank PLC has created five new divisions at its head office to provide time-befitting customer services. Chairman of the bank Mohammad Muslim Chowdhury inaugurated the newly-formed divisions on Thursday while Managing Director & CEO Md Shawkat Ali Khan presided over the function. The new divisions are Corporate Services Division,...

ICMAB delegation meets Meghna Group Chairman

A high-profile delegation from the Institute of Cost and Management Accountants of Bangladesh (ICMAB), led by its President Mahtab Uddin Ahmed, met with Mostafa Kamal, Chairman and Managing Director of Meghna Group of Industries (MGI), at his corporate office on Wednesday, says a statement. During the meeting, the ICMAB delegation...

Union Bank holds 35th meeting of the newly formed Board

The 35th Board meeting of the newly formed Board of the Directors of Union Bank PLC was held at the bank's Head Office in Dhaka on Thursday. Chairman of the Board of the Directors Md. Fariduddin Ahmed presided over the meeting. Chairman of the Board Risk Management Committee Md. Humayun...