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

Tariff threat may shut Bangladesh out of US drug market

Bangladesh is not alarmed by Trump's proposed 200 per cent tariff on imported drugs due to the country's relatively small volume of pharmaceutical exports to the United States, but industry insiders caution that the country could lose the US market altogether if the tariff comes into effect.That means future potential...

NCC Bank looks to AI for better serving tech-savvy customers

To expand its digital footprint and better serve a growing population of tech-savvy customers, NCC Bank PLC plans to roll out artificial intelligence (AI)-driven banking services, said its Managing Director M Shamsul Arefin.In an exclusive interview with The Financial Express (FE), Mr Arefin said the upcoming AI-based banking facilities will...

BD Finance's profit down 46pc on lower interest, investment income

Bangladesh Finance's profit plunged 46 per cent year-on-year to Tk 13.18 million in the second quarter through June this year mainly due to a decline in interest earnings and investment income.The non-bank financial institution's consolidated earnings per share stood at Tk 0.07 for April-June 2025, down from Tk 0.13 for...

NBR, atomic energy regulator sign MoU to boost trade thru Single Window system

The National Board of Revenue (NBR) and Bangladesh Atomic Energy Regulatory Authority (BAERA) on Sunday signed a Memorandum of Understanding (MoU) to facilitate the use of the Bangladesh Single Window (BSW) system for import and export trade, reports UNB.Implemented under an NBR-led project, the Bangladesh Single Window is an online...

Two more listed MFs likely to be converted into open-ended funds

The trustee of two close-ended mutual funds proposed converting them into open-ended funds upon maturity in December this year.The funds -- SEML Lecture Equity Management Fund and Vanguard AML BD Finance Mutual Fund One -- overseen by Strategic Equity Management and Vanguard Asset Management will complete 10 years on December...

Prime Bank named 'Best Bank for ESG 2025' third time in a row

Prime Bank has been named "Best Bank for ESG 2025" in Bangladesh by the prestigious Euromoney Awards for Excellence for the third consecutive year, according to a press statement.Euromoney evaluates institutions across nearly 100 countries each July. The "Best Bank for ESG" award honours outstanding leadership in embedding environmental, social,...

MTB among 'Top Sustainable Banks of 2024'

Mutual Trust Bank (MTB) has once again been recognised as one of the top 10 sustainable banks in Bangladesh by the Bangladesh Bank, according to a press statement. This prestigious recognition by the Sustainable Finance Department (SFD) of the central bank reaffirms MTB's continued commitment on five key criteria: sustainable...

Southeast Bank, NSU launch VISA Co-Branded Credit, Prepaid Cards

Southeast Bank and North South University have officially launched an exclusive VISA Co-Branded Credit and Prepaid Card on the NSU campus in Dhaka recently. The inaugural ceremony was attended by Dr. Abdul Hannan Chowdhury, vice chancellor of North South University; Abidur Rahman Chowdhury, managing director (Current Charge) of Southeast Bank;...

BSCL becomes official reseller of Starlink

Bangladesh Satellite Company Limited (BSCL) has been designated as the official reseller of Starlink internet services in the country.The announcement was made during a joint press conference held in Dhaka recently to mark the official launch of Starlink services in Bangladesh, says a press statement. Faiz Ahmad Taiyeb, Special Assistant...

Shimanto Bank inks deal with National Pension Authority

Shimanto Bank signed an MoU with National Pension Authority recently. Under this MoU, Shimanto Bank will act as a Banking Service Provider for the collection of pension registration fees and monthly installments. Pension subscribers will be able to deposit registration fees and monthly installments using Shimanto Bank's Branches and Sub-branches...

BENGAL COMMERCIAL BANK SIGNS MOU WITH NATIONAL PENSION AUTHORITY

The Bengal Commercial Bank and the National Pension Authority (NPA) signed an MoU under which the registration fees and monthly installments of the Universal Pension Scheme can now be deposited at all branches and sub-branches of bank. Tarik Morshed, Managing Director & CEO of Bengal Commercial Bank, and Md Mahiuddin...

Union Bank holds 47th meeting of the new board

The 47th 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 Sunday. Chairman of the Board of the Directors of the bank Md Fariduddin Ahmed presided over the meeting. Chairman of the Board Risk Management...

Copper hits one-week high on Chinese buying

LONDON, July 20 (Reuters): Copper climbed to a more than one-week high on Friday, driven by Chinese buyers, hopes for a US-China trade deal, and higher risk appetite among other investors.Three-month copper on the London Metal Exchange gained 0.8% to US$9,745 per metric ton by 1400 GMT, its strongest since...

Walmart Mexico's market value sheds $3.7b after Q2 profit dip

MEXICO CITY, July 20 (Reuters): Walmart's Mexico and Central America unit, known as Walmex (WALMEX.MX), saw some $3.7 billion wiped from its market value on Thursday after the retailer posted weaker-than-expected margins for its second quarter, although revenues grew.The stock tumbled 7.4% on Thursday, its steepest daily decline since 2020,...

Canada's steel import duties violate WTO rules, says China

OTTAWA, July 20 (Reuters): The Chinese embassy in Ottawa criticized duties slapped by Canada this week on Chinese imported steel, saying on Friday they violated World Trade Organization (WTO) rules and disrupted the global trade order.The embassy statement, in response to questions from Reuters, followed an agreement between Canada and...