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

DBH Finance secures "moderate" growth, with defaults below 1pc

DBH Finance secured a "moderate" 2.4 per cent year-on-year increase in profit to Tk 1,008 million in 2024, a year marked by economic and political upheavals, having kept non-performing loans (NPLs) remarkably low. "Our growth is not bad in consideration of the overall situation," said Managing Director of DBH Finance...

Beach Hatchery's income soars 214pc in Q3 on higher revenue

The shrimp fry producer Beach Hatchery posted a 214 percent year-on-year surge in profit to Tk 77.9 million for the January- March quarter of FY25, driven by higher revenue and a reduction in operating expenses. Its earnings per share (EPS) jumped to Tk 1.88 for the third quarter of FY25...

Standard Chartered highlights sustainability initiatives across Bangladesh

Standard Chartered Bangladesh reaffirmed its long-standing commitment to community development and environmental stewardship by announcing the impact of its sustainability initiatives across six core areas: agriculture, education, entrepreneurship, environment, health, and disaster management, says a statement.Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh, said, "Our community initiatives are not...

Fazlur Rahman elected as AB Bank chairman

Md. Fazlur Rahman, director of AB Bank, has been elected as the chairman of the bank's board of directors.Prior to this role, he served as the president and managing director of AB Bank, where his visionary leadership guided the institution through pivotal financial milestones, according to a statement.A chartered accountant...

Touhidul Alam Khan new MD of NRBC Bank

Dr. Md Touhidul Alam Khan joined NRBC Bank as managing director and CEO on May 05.With over 32 years of banking experience and having served as the managing director & CEO of National Bank, he brings a wealth of executive leadership experience, industry expertise, and proven strategic capabilities to his...

PUBALI BANK SIGNS MOU WITH BANGLADESH BANK

Pubali Bank signed a memorandum of understanding (MoU) with the Bangladesh Bank to implement an entrepreneurship development programme. The programme, under the Finance Division of the Ministry of Finance, is titled "Skills for Industry Competitiveness and Innovation Program (SICIP)". Bangladesh Bank Deputy Governor Nurun Nahar and Pubali Bank Managing Director...

PRIME BANK HOLDS 30TH ANNUAL GENERAL MEETING

Prime Bank successfully conducted its 30th Annual General Meeting (AGM) virtually on Monday, May 5. The session was chaired by the bank's board Chairman Tanjil Chowdhury and attended by 258 registered shareholders, board members, and senior officials. Company Secretary Tanvir A. Siddiqui moderated the live-streamed event, which was also joined...

CMSME fair for women entrepreneurs from May 8

BRAC Bank will participate in a 'Banker-Women Entrepreneur Conference and Product Showcasing Fair' exclusively for women entrepreneurs of cottage, micro, small, and medium enterprises (CMSME).The SME and Special Programmes Department of Bangladesh Bank is organising the exposition to help create a market for women business owners. This initiative is part...

Concerns over embargo on bank accounts of Asiatic 3Sixty

The Advertising Agencies of Bangladesh (AAAB), the professional body representing the renowned advertising firms, said concerns have recently arisen regarding the embargo on the bank accounts of Asiatic 3Sixty, one of the oldest leading advertising agencies in the country. Investigations into administrative and legal irregularities are underway, and it is...

Uber partners with China's Pony AI

Uber said on Tuesday it was partnering with Pony AI to deploy the China-based robotaxi developer's vehicles onto its ride-hailing platform, marking the latest in a series of tie-ups aimed at strengthening its presence in the fledgling robotaxi sector, reports Reuters.The partnership will launch in a key market in the...

United Finance marks its 36th anniversary

United Finance PLC, established in 1989 and currently providing financial services through a network of 23 offices spread across the country, completed its 36th year of services on April 27.The management and the staff celebrated the anniversary regional and branch offices. The following day, the Board of Directors marked the...