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

Foreign investor Brummer to offload more Runner shares

Mauritius-based Brummer Frontier PE II has announced its plan to further withdraw its investment in Runner Automobiles by selling 5 million shares of the company in the secondary market.The move is part of Brummer's exit strategy set out in 2013 when it made the investment and follows the sale of...

Commercial Bank of Ceylon plans Shariah banking rollout in Bangladesh

Commercial Bank of Ceylon, a Colombo-based regional bank, plans to introduce Shariah-compliant banking in Bangladesh, leveraging its reputation for stability and governance to support the broader development of the country's financial sector.The latest move follows the recent launch of priority banking in Dhaka, said Najith Meewanage, chief executive officer (CEO)...

Obaidul Hoque joins as MD of Bangladesh Commerce Bank

Md. Obaidul Hoque has joined as managing director and CEO of Bangladesh Commerce Bank Limited.Prior to this appointment, he served as a member of the board of directors of Janata Bank, where he was also a member of the executive committee. Earlier, he held the position of principal at the...

BSEC orders probe into Constellation Asset Management

The Bangladesh Securities and Exchange Commission (BSEC) has ordered an investigation into Constellation Asset Management Company Limited over its prior decision to cancel the company's registration.According to the order, the investigation will look into the latest status of receivables and payables with clients, gather detailed information about the company's assets...

Abu Dhabi wealth fund Mubadala's assets jump 17pc in 2025 to $385 billion

BENGALURU/ABU DHABI, April 9 (Reuters): Mubadala Investment Company, among the biggest sovereign wealth funds globally, said on Thursday its assets under management rose 17 per cent to $385 billion in 2025.The company, based in Abu Dhabi, credited the strong performance of its portfolio in the United Arab Emirates for its...

BB extends deadline to implement new framework for fast-track inward remittances disposal

Bangladesh Bank (BB) has announced an extension of the transition period for banks to implement a new framework aimed at streamlining the disposal of inward remittances and improving overall operational efficiency, reports BSS.According to a BB circular issued on Thursday, Authorized Dealers (ADs) now have until June 30, 2026, to...

ICB SECURITIES, ADAG, TAP SIGN MOU

ICB Securities Trading Company, Food wholesaler "Amar Desh Amar Gram" (ADAG) and Trust and Pay (TAP) signed a tripartite memorandum of understanding (MoU) on Thursday under the government's service simplification inititive. The deal aims to promote and expand capital market services and increase the number of individual and institutional investors....

IFIC BANK ORGANISES CURRENCY MANAGEMENT WORKSHOP-

IFIC Bank organised a day-long workshop on currency management with the aim of making currency management in the bank more streamlined, disciplined and modernised. The workshop took place on Saturday at IFIC Tower in Purana Paltan, Dhaka, featuring AKM Rezaul Karim, director, Bangladesh Bank Training Academy (BBTA), as resource person....

BANCASSURANCE SERVICE LAUNCHED AT MIDLAND BANK

Bancassurance service, an initiative of Bangladesh Bank and the Insurance Development and Regulatory Authority of Bangladesh (IDRA), was launched through a formal ceremony organised by Midland Bank and Desh General Insurance at the private bank's head office recently. Through the bancassurance service, insurance customers can now easily avail of various...

SONALI BANK ARRANGES TRAINING WORKSHOP IN BARISHAL

Sonali Bank PLC arranged a training workshop on audit objection, settlement process and money loan cases at the conference room of Barishal GM Office in Barishal on Thursday. Additional Secretary of Financial Institutions Division Abu Saleh Md. Mohiuddin Khan attended the event as the chief guest. General Manager of Sonali...

SHAHJALAL ISLAMI BANK HOLDS 406TH BOARD MEETING

The 406th meeting of the board of directors of Shahjalal Islami Bank PLC was held at the corporate head office of the bank on Wednesday. The meeting was presided over by Chairman Mohammed Younus. Among others, Vice-Chairmen of the board Mohiuddin Ahmed and Fakir Akhtaruzzaman, Managing Director Mosleh Uddin Ahmed...

AL-ARAFAH ISLAMI BANK HOLDS 455TH BOARD MEETING

The 455th Board meeting of Al-Arafah Islami Bank PLC was held at the bank's Head Office on Thursday. Chairman of the Board of Directors Khwaja Shahriar presided over the meeting. The overall business performance of the bank was reviewed and several policy decisions were made at the meeting. Directors of...

Gulf stocks slip as fragile truce jitters investors

Major Gulf stock markets fell in early Thursday trade as the fragile regional truce appeared to be under strain, spooking investors and reviving concerns over prolonged geopolitical and inflationary risks, reports Reuters.The ceasefire's durability was cast into doubt on Wednesday as Israel continued strikes on Lebanon, with Iran saying it...

Drone maker AEVEX eyes $2.35b valuation in US IPO

Drone maker AEVEX said on Thursday it was targeting a valuation of up to $2.35 billion in its U.S. initial public offering, the latest defense firm looking to capitalize on investor appetite, reports Reuters.The Solana Beach, California-based company, backed by private equity firm Madison Dearborn Partners, is seeking up to...