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

Sonali Bank posts record Tk56.34b operating profit

Despite an economic slowdown in the past calendar year, state-owned Sonali Bank PLC has registered an operating profit of Tk 56.34 billion, the highest in its history.The profit has surged by Tk 17.88 billion from the previous year's profit of Tk 38.46 billion.The country's largest commercial bank achieved this milestone...

bKash sees 65pc increase in remittances in 2024

bKash has played a crucial role in driving a surge in remittance inflows to Bangladesh, with expatriates sending funds legally to over 4 million unique bKash accounts in 2024. Expatriates have sent 65% more remittances through bKash in 2024, compared to 2023, which has also played pivotal role in strengthening...

Bangladesh Bank lowers cash margin for car import LCs

Bangladesh Bank (BB) has announced a reduction in the cash margin requirement for opening Letters of Credit (LCs) for car imports, with effect from February 1, reports UNB.The central bank issued the directive on Thursday under Section 29 of the Bank Companies Act, 1991. It updates the previous requirement, outlined...

Bengal Commercial Bank logs 181pc growth in operating profit

Bengal Commercial Bank has posted an impressive 181 per cent growth in its operating profit for the year 2024, compared to the previous year. The bank's operating profit surged to Tk 760 million in 2024, up from Tk 270 million in 2023. This marks a significant increase, with the 2024...

Ctg Elevated Expressway toll collection starts today

CHATTOGRAM: The Chattogram Elevated Expressway, the longest of the country, opens to commercial traffic today (Friday). After four months of trial runs, toll collection on the expressway starts today. Sources said tolls for both entry and exit would initially be collected at four booths at the Patenga end. The Chattogram...

BEPZA EZ secures major investment

The Bangladesh Export Processing Zones Authority (BEPZA) continues to attract significant foreign investment as Prime Leaf Processing Company Ltd becomes the 40th company to sign a lease agreement in the BEPZA Economic Zone (BEPZA EZ).This milestone further solidifies the zone's growing reputation as a key destination for global business ventures,...

Apple offers iPhone discounts in China as competition intensifies

BEIJING, Jan 2 (Reuters): Apple is offering rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the US tech giant moves to defend its market share against rising competition from domestic rivals like Huawei.The four-day promotion, running from Jan. 4-7, applies to several...

AL-ARAFAH ISLAMI BANK OPENS RETAIL BUSINESS HUB AT CHATTOGRAM

Al-Arafah Islami Bank (AIB) PLC launched Retail Business Hub at its Jamalkhan branch in Chattogram. Retail clients will get various banking facilities, including home, semi-pucca, car, personal investment from the Business Hub. Managing Director and CEO of the bank Farman R Chowdhury inaugurated the Business Hub as the chief guest...

MIDLAND BANK SIGNS MOU WITH SHIP INTERNATIONAL HOSPITAL

Midland Bank PLC (MDB) signed an MoU with Ship International Hospital Ltd., one of the trusted private hospital in Bangladesh. Md Rashed Akter, Head of Retail Distribution Division & Chief Bancassurance Officer from Midland Bank, and Futoshi Kono, Board Director, Administration from Ship International Hospital, signed the MoU in a...