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

Power producers risk wiping out investors' funds as expiry nears

Eight listed power producers have been losing revenue as the government has moved away from quick rental plants to ease the burden of capacity charge payments and bring down the price of electricity. Quick rental power plants were a quick but temporary solution to the power crisis. So, allowing the...

Agrani Bank suspends new lending till Dec

Agrani Bank has decided to suspend fresh loan approvals till December this year with the aim to improve its financial health, the lender's chairman has said."No new lending will be approved in the fourth quarter of the 2024 calendar year," Syed Abu Naser Bukhtear Ahmed disclosed while sharing his future...

IFC invests $50m in City Bank to support SME businesses

IFC, a member of the World Bank Group, is investing $50 million in City Bank PLC to help SMEs grow, create jobs, and boost economic recovery. On this occasion, an agreement signing ceremony was recently held at the head office of City Bank, says a statement.The investment from IFC will...

Investors showing good appetite in bank stocks amid interest rate hikes

The banking sector has recently been making top contributions to daily turnover on the Dhaka bourse, supported by investors' increased participation.The sector's dominance has mainly been driven by two banks -- Midland Bank and NRB Bank. The two lenders topped the chart of turnover leaders on the Dhaka Stock Exchange...

APEX HOLDS 34TH AGM

Apex Footwear held its 34th annual general meeting (AGM) virtually on Wednesday. Mr. Syed Manzur Elahi, chairperson of the company, presided over the programme. Syed Nasim Manzur, managing director, was present at the meeting among other directors and senior officials. The shareholders of the footwear brand approved 35 per cent...

BASIS and SICIP team up to create 3K skilled IT professionals

A total of 3,000 individuals will be trained over the next four years under a project, aiming to create IT professionals of international standard.To this effect, Bangladesh Association of Software and Information Services (BASIS) and Skills for Industry Competitiveness and Innovation Program (SICIP) have signed a contract on Tuesday.BASIS President...

Sakhawat for direct ship movement between BD, Maldives soon

Shipping, Labour and Employment Adviser Brig Gen (Retd) Dr M Sakhawat Hussain hoped for direct ship operation soon between Bangladesh and Maldives, reports BSS."Direct ship movement between Bangladesh and Maldives would help expand bilateral import-export", he said as Maldives High Commissioner to Bangladesh Shiuneen Rasheed called on him at his...

Trust Bank-bKash two-way fund transfer service launched

Trust Bank and bKash have further launched fund transfer service that allows customers to instantly send money to their own or others' Trust Bank accounts through bKash app. Currently, the customers are availing 'add money' service to bKash accounts via 'Trust Money' app. With the launch of this two-way service,...

Sonali Bank hosts customer gathering in Chattogram

Sonali Bank PLC, General Manager's Office, Chattogram North & Chattogram South, organised a view-exchange meeting with its customers on recovery of classified loans, disbursement of new loans and foreign remittance collection at Chattogram on Wednesday. MD & CEO of Sonali Bank Md Shawkat Ali Khan attended the meeting as the...

FIRST SECURITY ISLAMI BANK BOARD HOLDS 279th MEETING

The 279th meeting of the Board of Directors of First Security Islami Bank PLC was held at the FSIB Head Office in Dhaka on Tuesday, with its Chairman Mohammad Abdul Mannan in the chair. Md Azizur Rahman, Vice Chairman, Md Abdul Quddus, Chairman of Executive Committee, Md Saiful Alam, Chairman...

STANDARD BANK SHARI'AH COMMITTEE MEETING HELD

The 47th meeting of the Shari'ah Supervisory Committee of Standard Bank PLC was held at the bank's Head Office in Dhaka on Tuesday. Mohammed Abdul Aziz, Chairman of the bank & Observer of the committee, and A K M Abdul Alim, Director of the bank & Observer of the committee;...

Karmasangsthan Bank board meeting held

The 346th board meeting of Karmasangsthan Bank was held on Wednesday, with its Chairman Dr. AFM Matiur Rahman in the chair. Managing Director Arun Kumar Chowdhury, directors, Deputy Managing Director and all General Managers were present in the meeting.

NRB Bank opens 17 Islamic Banking Windows

NRB Bank PLC, a leading emerging bank of the country, opens 17 Islamic Banking Windows at Dilkusha, Mirpur, Nayabazar, Ashulia & Joypara branches, Dhaka region, Shafipur Branch, Gazipur, Fotikchari & Pahartoli Raozan branches, Chattogram region, Panchaboti Branch, Narayanganj, Zajira Branch, Sharitpur, Jashore, Khulna, Gopalganj, Rajshahi, Bogura, Rangpur and Feni branches...

Shahjalal Islami Bank signs MoU with SEBA AgroTech

Shahjalal Islami Bank PLC signed a Memorandum of Understanding (MoU) with SEBA AgroTech & Seeds Limited, an agricultural technology company, at the bank's Corporate Head Office on Tuesday. In presence of Managing Director of Shahjalal Islami Bank Mosleh Uddin Ahmed, Deputy Managing Director M M Saiful Islam and Managing Director...

Sri Lanka cuts lending rates after debt deal

COLOMBO, Nov 27 (AFP): Sri Lanka's central bank cut its benchmark interest rate Wednesday, after the government agreed to a debt restructure deal with international bond holders.The Central Bank of Sri Lanka said it was moving to a single policy rate set at 8.0 per cent, an "effective reduction" of...