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

Uttara Bank posts record profit on strong net interest income

Uttara Bank PLC reported a record profit of Tk 4.78 billion in 2024, driven by higher net interest income following the introduction of market-based interest rate.The private commercial bank posted a 51-percent growth in consolidated profit year on year to Tk 4.78 billion in 2024, as against Tk 3.17 billion...

List state-owned, multinational companies to revitalise market

The DSE Brokers Association (DBA) has appealed to Chief Adviser Dr. Muhammad Yunus to facilitate the listing of state-owned and multinational companies on the stock exchanges in a bid to strengthen the capital market.The request was made in a letter signed by DBA President Saiful Islam on Tuesday. In the...

CPA holds training on security based on Maritime Single Window

The Chittagong Port Authority (CPA) has taken an initiative to strengthen multi-faceted security, focusing on the Maritime Single Window concept. The CPA is regularly organising various training sessions for its officers and employees. The most recent training sessions on the use of the Indo-Pacific Information Sharing Tool 'IORIS' were held...

Aviva Finance gets new MD & CEO

Mohammad Modasser Hasan, a former CEO of Sonali Bank PLC, India Operation, has been appointed as the MD & CEO of Aviva Finance Limited, a Shariah-based non-banking financial institute, says a statement. Prior to assuming this new role, he had been serving at Sonali Bank local office as General Manager...

Three more RMG factories receive LEED certification

Three more Bangladeshi garment manufacturing factories have been awarded Leadership in Energy and Environmental Design (LEED) certificates, with the country's RMG sector further cementing its position in the global markets, reports BSS.The newly certified factories-Echotex Limited, Elite Garments Industries Ltd, and Euro Knit Spinn Ltd-have all achieved Platinum certification, the...

Govt forms panel to strengthen BSEC, develop capital mkt

The government has formed a four-member panel to strengthen the Bangladesh Securities and Exchange Commission (BSEC) and develop the country's capital market.The Financial Institutions Division (FID) issued a notification on Tuesday announcing the committee's formation.The panel will be led by Anisuzzaman Chowdhury, special assistant to the chief adviser, while BSEC...

MUTUAL TRUST BANK PARTNERS WITH RANCON MOTOR BIKES

Mutual Trust Bank PLC (MTB) has signed an agreement with Rancon Motor Bikes Ltd under distributor financing programme. Rancon Motor Bikes is the sole distributor of Suzuki motorcycles in Bangladesh. Mutual Trust Bank is going to finance the distributors under this programme. Md. Khalid Mahmood Khan, AMD & CBO of...

Edison Group launches ‘helio 100’ smartphone

Edison Group's premium handset brand, helio, officially launched its latest smartphone, the helio 100, in its lineup on Tuesday, says a press release. Priced at 19,999 BDT, this smartphone offers the most advanced features available at this price point. Regarding the helio 100, Mr. Jakaria Shahid, Managing Director of Edison...

Oil up 1 per cent on Mideast risks, China stimulus

LONDON, March 18 (Reuters): Oil prices rose more than 1 per cent on Tuesday to their highest levels since the beginning of the month, supported by instability in the Middle East and China's plans for more economic stimulus.Brent futures climbed 84 cents, or 1.2 per cent, to $71.91 a barrel...

First Security Islami Bank's Shariah Council Meeting held

The Shariah Council Meeting of First Security Islami Bank PLC was held recently at FSIB Head Office in Dhaka. Mufti Sayeed Ahmed, Chairman of the Shariah Council of First Security Islami Bank, presided over the meeting while Abu Reza Md. Yeahia, Managing Director (Current Charge) of the bank, was also...