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

Sluggish economy eats into H1 profits of listed foreign firms

Most multinational companies (MNCs) saw their profits erode in the first half of 2025, compared to the same period last year, largely due to high finance costs amid political uncertainty. Economic activities have slowed down after the political changeover and that squeezed companies' profitability, according to market analysts. "The broader...

DBH Finance's profit up 12pc on higher investment income

Leading non-bank financial institution DBH Finance posted a 12 per cent year-on-year rise in profit to Tk 264.16 million for the second-quarter to June, driven by higher investment income.Earnings per share rose to Tk 1.30 in April-June this year from Tk 1.16 in the same quarter last year, according to...

SOUTHEAST BANK LAUNCHES11 AGENT BANKING OUTLETS

SOUTHEAST BANK LAUNCHES11 AGENT BANKING OUTLETSSoutheast Bank formally launched 11 agent banking outlets - "Shagotom" to facilitate the unbanked people across the country, especially at the rural and semi-urban areas in Bogura, Tangail, Gazipur, Rajbari, Faridpur, Satkhira, Khulna and Feni. Abidur Rahman Chowdhury, managing director of Southeast Bank, virtually inaugurated...

UCB hosts month-long Entrepreneurship Development Program in Bogura

UCB hosts month-long Entrepreneurship Development Program in BoguraUnited Commercial Bank PLC (UCB) has recently concluded a month-long Entrepreneurship Development Program (EDP) in Bogura, aimed at empowering potential and existing entrepreneurs who are currently outside the formal banking and financing network. The initiative was carried out with the support of Bangladesh...

Eastern Bank wins award for digital innovation

Eastern Bank (EBL) has been honoured with the 'Most Innovative Digital Bank - Bangladesh' award at the International Finance Banking Awards 2025, according to a press statement. The accolade was presented by the London-based International Finance magazine, which is globally recognised for its insightful coverage of the financial services industry....

Trump spat leaves Brazil holding world's worst tariff hand

ORLANDO, Florida, July 30 (Reuters): US President Donald Trump has tempered his most belligerent trade threats and begun striking deals with major partners, meaning most countries won't face the punishing tariffs announced on 'Liberation Day'. Not so Brazil.In fact, Brazil's trajectory has gone in the opposite direction. On April 2,...

Capital market yet to reach its full potential: Khasru

CHATTOGRAM, July 30: BNP Standing Committee Member Amir Khasru Mahmud Chowdhury said that the country's capital market could not achieve its potential."Many investors have taken short-term loans from banks, creating a mismatch. Although the capital market is meant for long-term investment, it has not received expected response," he said.He was...

Md. Ataur Rahman joins Bank Asia as independent Director

Md. Ataur Rahman, ndc, has recently joined Bank Asia as an Independent Director, according to a press statement.Ataur Rahman brings with him a distinguished legacy of public service, having commenced his career in the Bangladesh Civil Service (administration cadre) in 1983 and retiring in 2014 as a secretary to the...

MODHUMOTI BANK HOLDS 88TH BOARD MEETING

MODHUMOTI BANK HOLDS 88TH BOARD MEETINGThe 88th meeting of the board of directors of Modhumoti Bank was held on Tuesday. Humayun Kabir, chairman of the board, was present at the meeting, along with other members of the board including Mohammad Ismail Hossain, Salahuddin Alamgir, Tanjima Binthe Mostafa, Sultana Jahan, A....

BRAC Bank promotes M. Masu Rana FCA to AMD

BRAC Bank has promoted M. Masud Rana FCA, currently serving as deputy managing director and chief financial officer, to the position of additional managing director (AMD) of the bank, effective August 1, 2025.Masud Rana joined BRAC Bank in October 2019 and has since been instrumental in driving financial strategy, governance,...