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

Islami Bank posts profit despite regulatory clampdown, surging NPLs

Islami Bank reported a profit of Tk 1.09 billion for 2024 even after a 68 per cent year-on-year increase in provision in the year for non-performing loans (NPLs) under a strict regulatory measure by the central bank. The lender had to reveal its actual status regarding the amount of loans...

Regulator to probe use of BEXIMCO bond proceeds

The securities regulator has formed probe committees to inquire into the utilisation of funds raised by BEXIMCO through bonds in 2021 and 2024. The company raised Tk 30 billion in 2021, issuing Beximco Green Sukuk bonds. The bond proceeds were meant for solar projects -- Teesta Solar and Korotoa Solar...

Semiconductor industry creating jobs for BD graduates

The Bangladesh Semiconductor Industry Association (BSIA) says the country's semiconductor sector is emerging as a major source of jobs for the rising number of Computer Science and Electrical & Electronics Engineering graduates, reports UNB.BSIA President MA Jabbar said while holding a meeting with Commerce Adviser Sk Bashir Uddin at his...

BRAC Bank maintains growth momentum in H1

BRAC Bank achieved a 53 per cent year-on-year growth net profit after tax (NPAT) on a consolidated basis in the first six months of 2025, according to a press release.The bank's consolidated financials, which include all its subsidiaries, showed an NPAT of Tk 9.06 billion during January-June 2025, a significant...

PRIME BANK RECEIVES SUSTAINABILITY RATING AWARD FROM BB

Prime Bank has been honoured with the prestigious 'Sustainability Rating 2024' award by the Bangladesh Bank in recognition of its strong and consistent commitment to sustainability practices. This marks the third consecutive year that Prime Bank has received this accolade, reaffirming its leadership in sustainable banking. Dr Ahsan H. Mansur,...

MUTUAL TRUST BANK, JBS HOLDINGS SIGN MOU

Mutual Trust Bank (MTB) and JBS Holdings Limited signed a memorandum of understanding (MoU) recently at the corporate office of JBS Holdings Limited. Customers of JBS Holdings Limited will now have the opportunity to avail of home loans from MTB at competitive interest rates with faster loan processing facilities. Mr...

Rupali Bank holds 10th EGM, 39th AGM

The 10th Extraordinary General Meeting (EGM) and the 39th Annual General Meeting (AGM) of state-owned Rupali Bank PLC were held at its conference room on Wednesday. The meeting was conducted on a hybrid format by bank's Chairman Md Nazrul Huda. Mohammad Helal Uddin, Joint Secretary of the Financial Institutions Division,...

MetLife customers to get special discounts at Chuti Resort

MetLife Bangladesh has recently signed a Memorandum of Understanding (MoU) with Chuti Resort. From Chuti Group, Mostofa Mahmud Arifee, Group Chairman and Md Mostofa Kamal, Group Managing Director, and from MetLife Bangladesh, Nowfel Anower, Chief Marketing Officer, and Shiuly Akhter, Manager, Marketing and Product, were present at the signing ceremony....

ICSB organises orientation programme for students of 3rd batch

Institute of Chartered Secretaries of Bangladesh (ICSB) has organised an Orientation Programme for the students of 3rd Batch (56th Batch) of the Chartered Secretary (CS) Course at ICSB Chattogram Branch, CDA Avenue, East Nasirabad, Chattogram on Tuesday. Md Delowar Hossain, Chairman of Chattogram Regional Chapter Sub Committee of the Institute,...

Egypt to offer incentives for major stock listings

RIYADH, Aug 27 (Arab News): Egypt is considering offering incentives for large-scale offerings on its stock exchange in an attempt to encourage companies to list in the county, the government's finance minister revealed.During a ministerial meeting, Ahmed Kouchouk said this will help deepen the market and boost its activity, demonstrating...

Frankfurt and Zurich poised to eclipse London in expected IPO flurry

FRANKFURT/LONDON, Aug 27 (Reuters): Frankfurt and Zurich are poised to lead a European revival of stock market listings over the coming weeks, outpacing London, equity capital markets advisers say.Despite listing reforms, London's performance so far this year for IPOs is its worst to date, according to London Stock Exchange data,...

Dominant AI trade confronts test as bellwether Nvidia reports earnings

NEW YORK, Aug 27 (Reuters): The artificial intelligence theme that has propelled markets over the past couple years faces a crucial moment on Wednesday, when bellwether Nvidia Corp reports its second-quarter results.Technology shares, including a number of signature stocks in the AI trade, have wobbled this month with investors pointing...

China aims to triple AI chip output, reduce Nvidia's dependency

BEIJING, Aug 27 (Reuters): China's chipmakers are seeking to triple the country's output of artificial intelligence chips in 2026, rushing to reduce dependence on Nvidia, the Financial Times reported on Wednesday.Huawei aims to begin production at a plant dedicated to making AI chips by year end, with two more facilities...

US restaurant chain Cracker Barrel cracks, revives old logo

WASHINGTON, Aug 27 (AFP): US restaurant chain Cracker Barrel announced Tuesday it was reverting to its old logo after its rebrand sparked a furious, culture war-fueled backlash, including criticism from President Donald Trump.The folksy, homestyle US chain saw tens of millions of dollars wiped off its share price since it...

Ford to recall more than 355,000 trucks

NEW YORK, Aug 27 (Reuters): Ford Motor Company is recalling more than 355,000 trucks in the US over a issue with the instrument panel display, the National Highway Traffic Safety Administration said on Wednesday. The recall affects certain Ford 2025-2026 models - F-550 SD, F-450 SD, F-350 SD, and F-250...