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

Three cos downgraded to 'Z' category for failing to hold AGMs

The stock exchanges have downgraded three companies to the 'junk' or 'Z' category, effective from Wednesday, as they failed to hold annual general meetings (AGMs) within stipulated time frame.The companies are Union Bank, Sea Pearl Beach Resorts and Sonali Life Insurance. Of them, Union Bank was shifted to 'Z' category...

BSC to sell two fire-damaged vessels, share prices drop

The state-owned Bangladesh Shipping Corporation (BSC) has announced plans to sell its two fire-damaged vessels, leading to a huge sell-off in its stock and a sharp decline in share prices on Wednesday. The affected vessels, MT Banglar Jyoti and MT Banglar Shourabh, were responsible for transporting crude oil from offshore...

MTB joins Dhaka Travel Mart 2025 as banking partner

Mutual Trust Bank PLC (MTB), a leading private-sector financial institution, has become the banking partner of Dhaka Travel Mart 2025, an international tourism fair to be held between in the capital on February 6-8. This is the 20th edition of the fair organised by The Bangladesh Monitor, a premier travel...

Islami Bank opens ATM-CRM booth

Islami Bank opens ATM-CRM boothIslami Bank Bangladesh PLC has opened an ATM-CRM booth under Paltan Branch at Baitul Mukarram Mosque Complex Market in Dhaka. Mohammed Monirul Moula, managing director of the bank, inaugurated the booth as the chief guest on Wednesday. Mahmudur Rahman, deputy managing director & head of Dhaka...

Sarifun Nahar appointed as DMD of Pubali Bank

The Board of Directors of Pubali Bank PLC has appointed Sultana Sarifun Nahar as Deputy Managing Director (DMD). She is the first woman to hold this prestigious position, marking a significant milestone in the history of the bank, says a statement.Before her appointment as DMD, Sultana Sarifun Nahar served as...

DHAKA BANK DISTRIBUTES AGRICULTURAL MACHINERY AMONG 450 FARMERS

DHAKA BANK DISTRIBUTES AGRICULTURAL MACHINERY AMONG 450 FARMERSDhaka Bank PLC distributed modern agricultural machinery among 450 farmers in Sirajdikhan, Munshiganj, recently as part of its social corporate responsibility. Agriculture Adviser Lt Gen Md. Jahangir Alam Chowdhury (Retd.) was present as the chief guest and hand over the machinery to the...

JPMorgan posts record annual profit as dealmakers, traders ride market rebound

JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter, reports Reuters.The banking giant was buoyed by a strong economy and interest rate cuts that boosted stock sales and bond offerings. The bullish environment also prompted more...

Use of BD Single Window made mandatory for import-export clearance

Import and export customs clearance in Bangladesh will require the mandatory submission of certificates, licenses, and permits (CLP) through the Bangladesh Single Window (BSW) system for seven government entities from February 01, reports BSS. The government has announced that manual CLP submissions will no longer be accepted for seven government...

Sonali Bank holds presentation on ICC

Sonali Bank holds presentation on ICCSonali Bank PLC organised a presentation on Internal Control & Compliance (ICC) to make sure internal banking operations are legal, ethical and secure at the head office on Wednesday. Chairman of Board of Directors, Mohammad Muslim Chowdhury attended the meeting as chief guest. Managing Director...

NIKE & LEVI'S RETAIL STORE OPENED AT DHANMONDI 27

NIKE & LEVI'S RETAIL STORE OPENED AT DHANMONDI 27The much-anticipated launch of Nike and Levi's under one roof took place at Dhanmondi 27 in the city recently, drawing a crowd of fashion and fitness enthusiasts alike. The launch was spearheaded by DBL Lifestyles Limited, the retail concern of DBL Group,...

Eye Care Camp for transport drivers

MJL Bangladesh PLC., in collaboration with Prime Bank Foundation and Prime Bank Eye Hospital organized an Eye Care Camp for transport drivers, says a press release. The camp offered free-eye examinations, including eye power testing, and various other eye care services by expert ophthalmologists.The primary objective of this initiative is...

Morshed appointed SCB's Legal Affairs head

Standard Chartered Bangladesh (SCB) has appointed Morshed Ullah as the head of its Legal Affairs, says a press release.Morshed will also join the Country Management Team of SCB, according to a press release on Wednesday.Morshed joined the SCB as Legal Counsel in 2014 and most recently held the role of...

National Bank celebrates successful CBS upgradation to Temenos R22

The National Bank Limited recently completed the successful migration to the upgraded Core Banking System (CBS), Temenos Release 22, says a press release.This advanced system introduces state-of-the-art technology, enhanced security, sophisticated business analytics, and improved customer relationship management features, ensuring robust and seamless banking services for valued customers, said a...