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

DBH Finance's Q3 profit edges down due to higher expenses, provisioning

DBH Finance has reported nearly a 3 per cent year-on-year decline in profit to Tk 324 million for the third quarter (Q3) through September, mainly due to higher provisioning amid a spike in interest expenses on deposits and borrowings.The leading non-bank financial institution (NBFI), which focuses exclusively on home loans,...

Crown Cement's FY25 profit dips 33pc as expenses offset revenue gains

Crown Cement has reported a 33 per cent year-on-year drop in profit to Tk 0.67 billion for FY25, despite a rise in revenue.In a disclosure on Monday, the company attributed the decline in profit to higher marketing expenses, additional depreciation from a newly inaugurated plant, and increased finance costs.Md. Ahasan...

Govt plans to lower passport costs for BD expats

The government plans to reduce passport issuance fees for Bangladeshi expatriates living abroad, Home Affairs Adviser Lt Gen (retd) Md Jahangir Alam Chowdhury said on Monday.The announcement came following a meeting of the core committee on law and order at the Secretariat, reports UNB."We always call them [expats] remittance warriors,...

BD team visits South Korea to attract FDI

A high-level delegation from Bangladesh, led by Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA), arrived in South Korea on Monday on a five-day visit focused on attracting foreign direct investment (FDI) and strengthening institutional cooperation.The visit aims to tap into South Korea's technological...

Prime Bank appoints Jashim Uddin as CFO

Prime Bank has appointed Mohammad Jashim Uddin as chief financial officer (CFO) & head of Financial Administration Division (FAD) with immediate effect.Mr Uddin has been an integral part of Prime Bank since 2005. Over the years, he has served in several key leadership positions, including head of ICCD, head of...

BRAC Bank extends lending to farmers, traders

BRAC Bank extended instant loan facilities to marginalised farmers and small traders in Satkhira under Bangladesh Bank's (BB) refinancing scheme. At a ceremony held on October 16, the participating banks altogether disbursed Tk 40 million to 500 borrowers, including BRAC Bank's distribution of Tk 8 million to 131 micro-level farmers,...

DHAKA BANK HOSTS CAREER COUNSELLING PROGRAMME FOR IUB STUDENTS

Dhaka Bank successfully organised a "Financial Literacy & Career Counselling Program" for students of Independent University, Bangladesh (IUB). The programme, collaborated by the Office of Career Guidance, Placement and Alumni Relations (CGP&AR) of IUB, was held at the IUB Campus on October 14. The interactive session led by Md. Mostaque...

JANATA BANK OPENS FIRST SUB-BRANCH IN KENDUA

Janata Bank PLC opened its first sub-branch in Kendua upazila of Netrokona district on Monday. Md Fayez Alam, Deputy Managing Director of the bank, inaugurated the sub-branch. Kendua Upazila Nirbahi Officer Inamul Haque Talukder was present at the event. Managing Director Md. Mazibur Rahman spoke as the chief guest virtually....

ALLIANCE FINANCE MAKES DONATION TO ICDDR,B

Alliance Finance PLC (AFPLC) has made a donation to icddr,b, a leading international health research centre based in Bangladesh, as part of its Corporate Social Responsibility (CSR) at a ceremony held at the head office of icddr,b recently. Kanti Kumar Saha, CEO of AFPLC, handed over a cheque to Dr...

Shahjalal Islami Bank holds 72nd Risk Management Committee meeting

The 72nd meeting of the Risk Management Committee (RMC) of Shahjalal Islami Bank PLC was held at the Corporate Head Office of the bank. The meeting was presided over by Md. Towhidur Rahman, Chairman of the committee. Among others, Members of the committee Mohiuddin Ahmed, Khandaker Shakib Ahmed and Mohammed...

Asian markets bounce back as China-US trade fears ease

HONG KONG, Oct 20 (AFP): Asian markets rose Monday after conciliatory comments from Donald Trump at the weekend ease worries about China-US trade tensions, while Tokyo stocks surged to a record on news of a deal to end political turmoil in Japan.Investors also took heart from data showing China's economy...

US bank rout prompts deal speculation as credit worries loom

NEW YORK, Oct 20 (Reuters): Jitters around US banks' exposure to loan losses have fueled expectations for more mergers and acquisitions as big buyers may be spurred to look to absorb smaller or weaker rivals, according to four senior industry sources.More than two years after the sudden failure of Silicon...

Global companies hit by more than $35b in US tariffs, but outlook stabilising

WASHINGTON, Oct 20 (Reuters): Global companies have flagged more than $35 billion in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald Trump's levies.Trump's trade war has hiked US tariffs to their highest levels since...

China’s economic growth slows amid sputtering domestic demand

BEIJING, Oct 20 (AFP): China's economic growth slipped below five per cent in the third quarter of 2025, the slowest pace in a year as trade headwinds and a domestic consumer slump continued to weigh.The data comes as the country's ruling Communist Party kicks off a closely watched four-day meeting...

Swiss cement co Holcim to buy Germany’s Xella for 1.85b euros

ZURICH, Oct 20 (AFP): Swiss cement company Holcim said Monday it is to buy German building and insulation firm Xella for 1.85 billion euros ($2.2 billion).Holcim said it has signed a binding takeover agreement with Xella, and figured on 60 million euros' worth of synergies three years after completing the...