Bangladesh’s economy is on a rapid growth trajectory, with the insurance sector increasingly recognised as a vital component of this expansion. Yet, among the general public, investors, and policyholders, there remains limited understanding of the distinctions between the “insurance market,” “insurance sector,” and “insurance industry.” Grasping these differences is crucial for informed investment, effective risk […]

National Life Insurance has distributed a total of BDT 37.5 crore in insurance claims to its clients across the Greater Dhaka area. The disbursement ceremony took place on Saturday, 20 December, during the company’s annual Year-End Planning meeting at Fantasy Kingdom in Ashulia. The event witnessed the presence of key clients as well as senior […]

Bangladesh’s banking sector is facing mounting pressure due to substantial arrears in government remittance incentives. Commercial banks are reportedly owed more than BDT 4,000 crore, placing significant stress on their liquidity and overall profitability. Medium-sized and smaller banks, in particular, are feeling the brunt of this financial burden. Under the government’s remittance incentive scheme, banks […]

Midland Bank PLC formalised a strategic partnership with Marco Polo Dhaka Hotel, marked by the signing of a Memorandum of Understanding (MoU). The ceremony was held at Midland Bank’s headquarters in Gulshan-2, Dhaka, with senior officials from both organisations in attendance. Md. Nozmul Huda Sarkar, Chief Technology Officer of Midland Bank, signed the agreement on […]

Bangladesh has taken a significant stride towards modernising its transport infrastructure in the south-eastern region, with the Asian Development Bank (ADB) formally approving a loan of USD 688 million for the Chattogram–Dohazari railway development project. The funding aims to transform one of the country’s key rail corridors into a modern, efficient, and environmentally sustainable transport […]

Prime Bank PLC, a leading financial institution in Bangladesh, has formally entered into a strategic payroll banking agreement with Bauwerk Limited. Bauwerk, a prominent global provider of technology-driven products, systems, and services for the construction industry, has selected Prime Bank to streamline its remuneration processes and enhance the financial wellbeing of its workforce. The agreement […]

The economic landscape of Bangladesh has exhibited a commendable degree of resilience as the nation’s foreign exchange reserves witnessed a substantial appreciation. According to the latest official communiqué released by the central bank, the gross reserves have ascended to an impressive $32.72 billion (32,720.12 million USD). This development, announced on Monday, 22nd December, by Arif […]

The shareholders of five Shariah-based banks merged into Sammilito Islami Bank PLC have been officially asked to declare their shares as having zero value, following a central bank assessment that revealed the net asset value (NAV) of these shares is negative. The directive, issued today by Bangladesh Bank, marks a critical step in the country’s […]

The government is considering a further reduction in profit rates on national savings certificates, with the revised rates expected to take effect from 1 January, pending approval from the Finance Adviser. The proposal, put forward by the Finance Division of the Ministry of Finance, reflects the authorities’ ongoing efforts to balance public borrowing costs with […]

Pubali Bank Limited, one of Bangladesh’s oldest and most recognisable private banks listed on the stock market, is facing a profound and multi-layered crisis of corporate governance. Prolonged power struggles within its board of directors, persistent disregard for court verdicts and regulatory directives, and a series of irregularities in foreign exchange transactions and loan disbursement […]