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

75pc of banking customers still excluded from digital services

Despite the ongoing digital transformation in the banking sector, about 75 per cent of total customers in the country still remain outside any digital banking services, according to a study by the Bangladesh Institute of Bank Management (BIBM)."The percentage of total customers who currently use at least one digital banking...

Prime Bank Foundation supports free eye care camp in Kulaura

A day-long free eye treatment and follow-up service camp was organised in Kulaura, Moulvibazar with the support of Prime Bank Foundation (Sister Concern of Prime Bank PLC). The camp was held on the premises of Kulaura Girls' High School recently. The initiative was led by the Bakhtunnesa Chowdhury Charitable Foundation,...

Al-Arafah Islami Bank holds 444th board meeting

Al-Arafah Islami Bank holds 444th board meetingThe 444th board meeting of Al-Arafah Islami Bank was held at the banks' head office in the city on Thursday. Chairman of the board of directors of the bank Khwaja Shahriar presided over the meeting. The overall business performance of the bank was reviewed...

BGMEA, Lectra sign MoU on advanced technology training

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) signed on Thursday a Memorandum of Understanding (MoU) with Lectra Singapore PTE Ltd, a globally renowned technology company specialising in CAD/CAM and digital solutions for the apparel and textile industry, reports BSS.This partnership aims to strengthen education, research, and skill development by integrating...

One unit of Matarbari Power Plant shut due to technical fault

CHATTOGRAM, Nov 27: Production at one unit of Matarbari Ultra Super Critical Coal Fired Power Plant has been remaining halted due to a technical fault for last one week, concerned sources said.Sources said the production has been halted for the past week due to ash accumulation in the boiler. It...

RFL holds electronic product dealers' confce

RFL, a leading business conglomerate, held a conference of its dealers involved in the distribution of its popular electronic products under the brands Vision, Vigo, and Proton.The event, which took place at a city hotel recently, saw the participation of over 400 distributors who are involved in the distribution of...

Padma Oil's Tk 1.93b investments stuck in five cash-strapped banks

FE REPORTThe state-run Padma Oil Company is at 'high credit risk' as its investments in fixed deposit receipts (FDRs) equivalent to Tk 1.93 billion are stuck with five banks facing acute liquidity crises.The banks are Global Islami Bank, Union Bank, First Security Islami Bank, Social Islami Bank and National Bank....

BRAC Bank receives 'B+' credit rating from S&P

The global rating agency S&P on Thursday rated local BRAC Bank 'B+' for the long term and 'B' for the short term, according to a press release."We affirmed our 'B+' long-term and 'B' short-term issuer credit ratings on BRAC Bank PLC. The outlook on the long-term rating remains stable," the...

BRAC BANK TO PROVIDE EMPLOYEE BANKING SERVICES TO ARISTO EYE HOSPITAL

BRAC BANK TO PROVIDE EMPLOYEE BANKING SERVICES TO ARISTO EYE HOSPITALBRAC Bank signed an agreement with Aristo Eye Hospital, a concern of Aristopharma Limited, to deliver customised banking services to its employees. Under this partnership, employees of the eye care institution will enjoy seamless banking services, including salary accounts, multi-currency...

EBL OPENS SUB-BRANCH AT MIRPUR-10

EBL OPENS SUB-BRANCH AT MIRPUR-10Eastern Bank (EBL) expanded its retail footprint by opening a sub-branch at Mirpur-10 in the capital on Wednesday. The sub-branch, located at Central Plaza of Begum Rokeya Sarani, was formally inaugurated by EBL Deputy Managing Director and Head of Retail and SME Banking M. Khorshed Anowar,...

Khalid Mahmood Khan joins Southeast Bank as CEO

Md. Khalid Mahmood Khan joined Southeast Bank as managing director (MD) and chief executive officer (CEO) on Thursday.Prior to joining Southeast Bank, he served as additional managing director and chief business officer at Mutual Trust Bank (MTB). Mr Khan also served the bank as senior executive vice president & head...

Dhaka stocks snap two-day losing streak on gains by market heavyweights

FE ReportThe Dhaka bourse closed marginally higher on Thursday, breaking the losing streak of the previous two sessions, riding on gains by some market leaders, including Square Pharmaceuticals.The market opened the day's session on a positive note, but soon failed to sustain the momentum, with the broad index showing ups...