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

UCB earnings slump on hefty provisioning triggered by sector cleanup

United Commercial Bank's profit plunged 68 per cent year-on-year to Tk 320 million in the third quarter to September this year as provision on default loans escalated.Bad loans that the bank had tucked away until the political changeover in August last year and the subsequent restructuring of the bank board...

Linde sees return to growth as revenue, finance income rise

Linde Bangladesh has reported a profit of Tk 98.6 million for the third quarter to September, supported by higher revenue and increased finance income.The multinational industrial gas producer had earned Tk 6.08 billion in the same quarter last year, driven by one-off income from selling its welding business for Tk...

Nepal keen to import increased raw jute from BD

Nepalese Ambassador Ghanashyam Bhandari on Thursday has requested the Bangladesh government to focus on the raw jute exports to meet the production needs of Nepal.He made the request during a meeting with Commerce Adviser Sk. Bashir Uddin at the Secretariat, reports UNB.At the meeting, the two sides discussed ways to...

Chinese co to establish high-end apparel factory at BEPZA EZ

Chinese company October4128 (BD) Ltd. is set to invest $19.72 million to establish a high-end garments manufacturing facility at the BEPZA Economic Zone (BEPZA EZ) in Mirsharai, Chattogram.An agreement to this effect was signed at the BEPZA Complex in Dhaka between the Bangladesh Export Processing Zones Authority (BEPZA) and October4128...

Concord begins construction of Villa Bellanova

Concord Real Estate Ltd. has started construction of Concord Villa Bellanova, a luxury residential project on Road 36 at Gulshan in Dhaka.A groundbreaking ceremony was held recently to mark the start of construction. The event was attended by senior officials of Concord, landowners, and key stakeholders, says a press statement.The...

Syngenta and DAE jointly celebrate World Food Day

Syngenta Bangladesh celebrated World Food Day 2025 on Thursday with the global theme "Hand in Hand for Better Food and Better Future".In collaboration with the Department of Agricultural Extension (DAE) at their regional office in Khulna, the celebration highlighted the pivotal role of farmers in ensuring national food security and...

BKB seminar on agri development

Bangladesh Krishi Bank held a seminar titled 'Role of Bangladesh Krishi Bank in Agricultural Development: Roadmap to Overcoming Challenges' at the auditorium of its head office in Dhaka on Thursday.Nazma Mobarek, Secretary of the Financial Institutions Division, Ministry of Finance, attended the event as the chief guest, says a press...

Rubel Aziz new vice chairman of City Bank

Rubel Aziz, director, City Bank, was elected as the new vice chairman of City Bank at a meeting of the bank's board of directors recently, according to a press statement.The industrialist and entrepreneur holds a Bachelor of Business Administration degree from the UK.Mr. Aziz has been in business for a...

BRAC BANK BRANCH NETWORK ACHIEVES TK 135B NET DEPOSIT IN JAN-SEPT

BRAC Bank's branch network has recorded a historic net deposit of Tk 135 billion in the first nine months of 2025, underscoring the sustained momentum in deposit mobilisation. The bank organised a celebration programme on October 13, where Tareq Refat Ullah Khan, managing director & CEO, and Sheikh Mohammad Ashfaque,...

DRUKAIR HOLIDAYS OFFERS BENEFITS TO EBL CARDHOLDERS

Drukair Holidays, the holiday management of Drukair, will provide exclusive privileges to Eastern Bank (EBL) cardholders. M. Khorshed Anowar, deputy managing director and head of retail and SME banking at EBL, and Ashfia Jannat Saleh, deputy managing director of Saimon Holidays, Bangladesh, representative of Drukair Holidays, signed an agreement to...

SONALI BANK HOLDS TRAINING WORKSHOP

Sonali Bank PLC arranged a training workshop on 'Newly added modules in the smart case management system' at its Head Office on Thursday. Md. Shawkat Ali Khan, Managing Director and CEO of the bank, inaugurated the workshop. Farida Yasmin, Joint Secretary of the Financial Institutions Division, and Md. Sajidur Rahman,...

Macron's legacy evaporates as France's political and fiscal woes mount

PARIS, Oct 16 (Reuters): In a 2018 interview with Fox News ahead of his first state visit to the United States, a fresh-faced President Emmanuel Macron was asked whether he might back down on reforms amid fierce domestic opposition."No. Chance," Macron replied, separating each word for emphasis.Fast forward to 2025:...

SHAHJALAL ISLAMI BANK HOLDS 905TH EC MEETING

The 905th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the Bank on Wednesday. The meeting was presided over by committee Chairman Akkas Uddin Mollah. The meeting discussed various issues related to investments in different sectors. Vice-Chairman...

LVMH sales return to growth as China demand improves

PARIS, Oct 16 (Reuters): LVMH's sales increased by 1 per cent in the third quarter, driven by improved demand in China, offering some solace to a luxury goods sector grappling with a prolonged slump.The rise reported by LVMH on Tuesday represents the first quarter of growth this year for the...