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

Previous govt clipped BTRC’s wings to curtail independence

Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman Maj Gen (retd) Md Emdad Ul Bari on Monday said the previous government had clipped the wings of the commission to curtail its independence. He said the BTRC had become a "farcical commission" following the telecommunication act amendment in 2010. "There have been many...

S Korea urged to invest more in Bangladesh

Chief Adviser Prof Muhammad Yunus on Monday urged South Korea to invest more in Bangladesh and recruit more Bangladeshi workers, especially in their shipbuilding industry, for mutual benefits.Professor Yunus made the call when Park Young-sik, the South Korean Ambassador in Dhaka, called on him at his office in the city,...

Islami Bank gets six new DMDs

Islami Bank Bangladesh PLC has promoted its six officials to Deputy Managing Directors. They are Mahmudur Rahman, Md Rafiqul Islam, Muhammad Sayeed Ullah, KM Munirul Alam Al-Mamoon, Dr M. Kamaluddin Jasim and Md Maksudur Rahman. Earlier, they were serving as Senior Executive Vice Presidents of the bank, says a statement.Mahmudur...

Push for separate interest rate for shrimp industry

Frozen food exporters have called for a separate interest rate for the shrimp industry in order to generate more export earnings from the sector.Their other demands include declaring shrimp as an agriculture product like jute and establishing dedicated economic zones for the sector in Khulna and Chittagong.Leaders of the Bangladesh...

BRAC Bank achieves Tk 300b retail deposit milestone

BRAC Bank has achieved a significant milestone, surpassing the Tk 300 billion mark in retail deposits at the end of October 2024, says a statement.The bank's robust retail deposit growth clearly indicates the growing confidence among customers who trust BRAC Bank to safeguard and grow their hard-earned savings.With an annualized...

DHAKA BANK RELOCATES CEPZ SME SERVICE CENTER

Dhaka Bank PLC relocated its CEPZ SME Service Center & Offshore Banking Unit to new premises at Commercial Complex, Dakshin Halishahar, Chattagram EPZ, on Sunday. Abdul Hai Sarker, Chairman of Dhaka Bank, inaugurated the relocated branch as the chief guest. ATM Hayatuzzaman Khan, Founder Vice-Chairman of Dhaka Bank, and Sheikh...

Citizens Bank opens Agrabad branch

Mohammad Masoom, Managing Director & CEO of Citizens Bank PLC, formally inaugurated the bank's branch at Agrabad in Chattogram on Sunday in presence of local elite, prominent businesspersons and other senior officials of the bank.

StanChart, British Int’l Investment to support trade finance for SMEs

Standard Chartered, a leading international cross-border bank, and British International Investment (BII), the UK's development finance institution (DFI) and impact investor, on Monday announced the signing of a $350 million risk participation agreement. This facility aims to bolster the trade finance needs of SMEs and corporates across Africa and South...