Banking
Mohammad Abdul Mannan elected chairman of Central Shariah Board
Mohammad Abdul Mannan, Chairman, First Security Islami Bank PLC has been elected Chairman of the Central Shariah Board for Islamic Banks of Bangladesh (CSBIB).The decision was taken at the 69th meeting of the Central Shariah Board Executive Committee held at the boardroom of the head office of First Security Islami Bank ... » Details
Bangladesh Growth to Hit 6.5%, Inflation to Ease to 5.2 pc: IMF
The International Monetary Fund (IMF) has maintained its economic growth forecast for Bangladesh at 3.8% for the current fiscal year 2024-2025 (FY25), unchanged from its December 2023 projection. However, the global financial institution anticipates a significant rebound in the following fiscal year, projecting GDP growth to rise to 6.5% in FY26.The ... » Details
Eight Banks Get No Remittance Amid Record Inflows
Despite Bangladesh witnessing historic highs in remittance inflows from expatriates, eight banks—including two state-owned institutions—failed to receive a single dollar during the recent surge.The banks that recorded no remittance receipts include Bangladesh Development Bank (BDBL) and Rajshahi Krishi Unnayan Bank (RAKUB) from the state-owned sector; private lenders Citizen Bank, ICB Islamic ... » Details
8 banks receive no remittance despite record inflows from expats
Dhaka, April 22 – Even though Bangladesh witnessed record-breaking remittance inflows in recent times, eight banks failed to attract a single penny from expatriates.The banks with zero remittance receipts include two state-owned institutions – Bangladesh Development Bank (BDBL) and Rajshahi Krishi Unnayan Bank (RAKUB); three private banks – Citizen Bank, ICB ... » Details
Dhaka Bank signs Payroll Banking Deal with York Hospital
Dhaka
Bank PLC. signed a Payroll Banking agreement with York Hospital Ltd. on March
23, 2025, at York Hospital, Banani, Dhaka. The agreement was signed by Mr. H.
M. Mostafizur Rahaman, Senior Executive Vice President & Head of Retail
Business Division of Dhaka Bank PLC., and Dr. S M Jaglul A Mozumdar,
Managing Director of York Hospital ... » Details
StanChart launches Freelancer Account for digital entrepreneurs
Dhaka, 20 April 2025 – Standard Chartered Bangladesh has launched the Freelancer Account, a tailored banking solution designed to meet the unique needs of the country’s vibrant freelance community. This initiative reflects the Bank’s commitment to empowering independent professionals who are drivingBangladesh’s growing digital economy.The Freelancer Account makes it easier for ... » Details
Islami Bank Capital Management Limited holds AGM
Islami Bank Capital Management Limited (IBCML) organized its 15th Annual General Meeting on April 20, 2025, Sunday at Islami Bank Tower. Mohammad Khurshid Wahab, chairman of IBCML presided over the meeting. Professor Dr. M. Masud Rahman, Md. Altaf Hossain, G. M. Mohd. Gias Uddin Quader, directors of IBCML, Md. Omar Faruk Khan, ... » Details
Bangladesh to Push for Swift WB, IMF Disbursement at Meetings
Bangladesh is set to urge the World Bank (WB) to fast-track the remaining $500 million in budget support and secure additional concessional loans under the new three-year soft-lending scheme beginning in July.During the World Bank-IMF Spring Meetings from April 21-26, Bangladesh will present detailed reform plans addressing exchange rate and revenue ... » Details
IBTRA inaugurates internship program
Islami Bank Training and Research Academy (IBTRA) inaugurated Internship Program on April 15, 2025. Md. Omar Faruk Khan, managing director (current charge) of the bank was present in the program as chief guest. K.M. Munirul Alam Al-Mamoon, deputy managing director & director general of IBTRA presided over the program while Md. Mizanur ... » Details
1,360 Bank Accounts of S Alam Group Chief Frozen by Court
A Dhaka court on Thursday ordered the freezing of 1,360 additional bank accounts linked to S Alam Group Chairman Mohammad Saiful Alam and individuals connected to his financial interests. The accounts reportedly hold a total of Tk 2,619 crore.Dhaka Metropolitan Senior Special Judge Md Zakir Hossain Galib issued the order following ... » Details