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

Regent Textile directors asked to return IPO money diverted under investment guise

Regent Textile Mills has been ordered to withdraw its investments in its associate company Legacy Fashion in 30 days from Tuesday. The company's five directors, including the managing director, will be fined Tk 200 million each for failure to comply with the directive, according to a press statement issued by...

LafargeHolcim returns to income growth trajectory in Q2

LafargeHolcim Bangladesh secured a 20 per cent year-on-year growth in profit to Tk 967 million in the April-June quarter this year, driven by higher sales amid growing customer confidence.The multinational cement manufacturer's earnings per share (EPS) rose to Tk 0.83 in the second quarter through June this year from Tk...

Prime Bank Investment wins three accolades

Prime Bank Investment (PBIL), the dedicated investment banking arm and wholly-owned subsidiary of Prime Bank, has earned three prestigious accolades at the Asian Banking & Finance Corporate & Investment Banking Awards 2025. The awards are: Corporate & Investment Bank of the Year, Mergers and Acquisitions Deal of the Year, and...

National Bank deep into the red in Q2

FE Report National Bank disclosed a loss of Tk 7.63 billion for the April -June quarter this year, 4.65-time greater compared to the loss incurred in the same period last year. The financial result is not surprising given the hefty amount of non-performing loans - more than 40 per cent...

Dr Zubaidur Rahman new chair of Islami Bank

Six days after the resignation of Obayed Ullah-Al Masud, Professor Dr M Zubaidur Rahman has been elected chairman of Islami Bank Bangladesh PLC. He was elected chairman of the country's largest unconventional commercial bank at a board meeting of the bank held on Wednesday, according to a press release of...

Modhumoti Bank to expand tech-driven services in remote areas

Modhumoti Bank PLC plans to expand its network further by providing technology-driven banking services largely for people living in the remote areas, said its Managing Director and Chief Executive Officer Md. Shafiul Azam. In an exclusive interview with The Financial Express recently ahead of the 12 years of banking operations,...

IDCOL hands over Tk 500m to govt from net profit

The state-owned financial institution Infrastructure Development Company (IDCOL) has paid a substantial dividend of Tk. 500 million (50 crore) to the government on Wednesday from its profits in the fiscal year 2024, says a press release. The dividend cheque was formally handed over to Finance Advisor Dr. Salehuddin Ahmed at...

Janata Bank workshop on 'Islamic Banking Operation'

Janata Bank workshop on 'Islamic Banking Operation'Janata Bank Staff College, Dhaka, organised a five-day workshop on 'Islamic Banking Operation' recently. Managing Director of Janata Bank PLC Md Mazibur Rahman inaugurated the workshop. Some 25 executives and officers of the bank took part in the workshop.

Rupali Bank PLC Managing Director Kazi Md. Wahidul Islam attends a doa session held at the bank's

Rupali Bank PLC Managing Director Kazi Md. Wahidul Islam attends a doa session held at the bank's head office in the city on Tuesday seeking eternal peace for the departed souls and the quick recovery of those injured in the tragic crash of a Bangladesh Air Force training aircraft at...

Govt approves import of fertilisers, LNG cargoes

The government on Wednesday approved several major procurement proposals involving the import of fertilisers, LNG cargoes, wheat, and lentils worth Tk 28.10 billion to meet the country's growing domestic demands, reports UNB.It approved separate proposals for procuring some 140000 tonnes of fertiliser, 2 cargoes of LNG, and 220,000 tonnes of...

EXIM Bank signs deal with Chinese Huzhou Bank

A Tripartite Strategic Business Cooperation Framework Agreement was signed among Export Import Bank of Bangladesh PLC (EXIM Bank), Bank of Huzhou Co. Ltd. (China), and May International Trade Services Ltd. to foster collaboration in cross-border financing and multilateral financial cooperation, says a press release.The agreement was formally signed in a...

NBR moves to boost import, export

The National Board of Revenue (NBR) has expanded the list of goods eligible for transfer, unstuffing, and delivery through privately operated Inland Container Depots (ICDs) and off-docks approved by Chattogram Customs House, reports UNB.The revenue collecting authority took the decision in a move to streamline import-export operations and ease congestion...

The Half Yearly Conference-2025 Rupali Insurance Company Limited

The Half Yearly Conference-2025 Rupali Insurance Company LimitedThe Half Yearly Conference-2025 of Rupali Insurance Company Limited was held recently at Imperial Convention Center, 68/B, DIT Road, Malibagh Chowdhury Para, Dhaka-1219. The Chairman of Rupali Insurance Company Limited Mostafa Quamrus Sobhan, Fauzia Quamrun Tania, Chief Executive Officer (In-Charge), P. K. Roy,...

Govt reshuffles key CAAB position

The government has brought changes to a key position in the Civil Aviation Authority of Bangladesh (CAAB), appointing Group Captain Md. Monirul Islam as the new Director of Flight Safety and Regulations, reports BSS.A notification issued by the Ministry of Public Administration on Tuesday said that Group Captain Md. Ahsan...

Takaful Islami Insurance Board Meeting held--

Takaful Islami Insurance Board Meeting heldThe 144th meeting of the Board of Directors of Takaful Islami Insurance PLC was held on Tuesday in the city with Chairman of the Company Tahmina Afroz in the chair. Chief Executive Officer Abul Kalam Azad was also present.