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Sunlife Insurance yet to show promise, despite costs down under new owners

Sunlife Insurance has made some progress in reducing costs under its new ownership, but it has yet to achieve revenue growth to make an impact on its overall business performance.While the company is set to publish its financial results for 2024 soon, optimistic investors have already driven share price up...

SOUTHEAST BANK SIGNS MOU WITH PADAKHEP MANABIK UNNAYAN KENDRA

SOUTHEAST BANK SIGNS MOU WITH PADAKHEP MANABIK UNNAYAN KENDRASoutheast Bank PLC has recently signed a Memorandum of Understanding (MoU) with Padakhep Manabik Unnayan Kendra, a renowned NGO, to provide banking services, including Payroll Banking Service, Corporate Payment Module, Collection Service and other financial solutions. Nuruddin Md. Sadeque Hossain, Managing Director...

PUBALI BANK HOLDS ANNUAL MANAGERS' CONFERENCE-2025

PUBALI BANK HOLDS ANNUAL MANAGERS' CONFERENCE-2025A two-day "Annual Managers' Conference 2025' of Pubali Bank was held at a hotel in Cox's Bazar recently. Monzurur Rahman, Chairman, Board of Directors, was present as the chief guest while Managing Director & CEO Mohammad Ali presided over the conference. All 508 Branch Managers,...

Prime Bank gets new independent director

Dr M Mosttafa Shazzad Hasan Dr M Mosttafa Shazzad Hasan, a certified forensic accountant, has recently joined the Board of Directors of Prime Bank PLC as an Independent Director.He will also serve as the Chairman of the Audit Committee of the bank, says a statement. He has extensive experience in...

BRAC Bank to facilitate Tk 15b bond issuance for City Sugar Industries

BRAC Bank has been entrusted by City Sugar Industries Limited, a flagship concern of City Group, to facilitate fund mobilisation through the issuance of Teer 100% Mortgage-Backed Zero Coupon Bond worth Tk 15 billion (face value).The bond issuance is subject to approval from the Bangladesh Securities and Exchange Commission (BSEC),...

Global equity fund inflows rise on European stock rally

Global equity funds continued to see robust inflows, with the majority directed to European equity funds, which hit record highs fueled by hopes for peace in Ukraine and a surge in the defense sector due to anticipated increases in military spending, reports Reuters.Also, a US inflation report suggesting that the...