ICB struggles under debt, eyes debt-equity swap to ease financial strain
Investment Corporation of Bangladesh (ICB) is facing an uphill battle to sustain operations amid mounting debt, with officials warning that the state-run agency's survival will be difficult without immediate fiscal and policy support from the government.In an internal assessment, ICB leadership points to a precarious financial position marked by soaring...
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AB Bank eyes rebound on loan recovery, digital push
Following a significant reduction in the volume of classified loans, AB Bank PLC now eyes a strong rebound, riding on robust cash recovery and intensifying its digital transformation process.Apart from that, the country's oldest first-generation commercial bank has stepped up its deposit mobilisation efforts and rebalanced its investment portfolio, reducing...
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SOUTHEAST BANK HOLDS 'BUSINESS REVIEW MEETING'
SOUTHEAST BANK HOLDS 'BUSINESS REVIEW MEETING'Southeast Bank PLC held a quarterly 'Business Review Meeting' at its Training Institute in Dhaka on Saturday, with the participation of 37 Branch Managers from the Dhaka region. Md. Khalid Mahmood Khan, Managing Director and CEO of the bank, attended the meeting. During the meeting,...
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BRAC Bank posts record Tk 21b CASA growth in Q1
BRAC Bank's Branch Distribution Network recorded a landmark net growth of Tk 21 billion in Current Account and Savings Account (CASA) deposits in the first quarter of 2026, marking one of the strongest performances in this segment in the bank's history.The achievement reflects sustained customer confidence, deep-rooted client relationships, and...
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City Bank's profit jumps 31pc in 2025
City Bank PLC has reported its highest-ever profit in 2025, despite a challenging economic environment. The bank posted a consolidated net profit of Tk 13.24 billion, registering a 31 per cent growth from Tk 10.14 billion in the previous year, says a press statement. On a standalone basis, the bank...
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