While deposit growth in banks remains strong, lending in the private sector has stagnated. Overall inflation has fallen to single digits due to declining food prices. However, the National Board of Revenue continues to lag behind its revenue targets despite years of growth. These findings are highlighted in the November Economic Update and Outlook report […]

Prime Bank PLC has recently signed two agreements with Quality Feeds Limited, a leading animal feed manufacturer in Bangladesh, to provide comprehensive payroll banking and cash management services to the company’s employees. According to a press release, M Nazeem A Choudhury, Deputy Managing Director of Prime Bank PLC; Md Basir Rahman, Director of Finance and […]

Former senior secretary Dr Mohammad Ayub Miah has been appointed as the chairman of United Islami Bank.Bangladesh Bank granted approval for his appointment on 30 November. The appointment follows the central bank’s final endorsement of the newly formed ‘United Islami Bank PLC,’ which was established by merging five financially fragile banks in the country. Bangladesh […]

Bangladesh Bank has rejected the capital recovery action plans of four state-owned commercial banks — Agrani, Janata, BASIC, and Rupali — labelling their proposals to tackle a substantial capital shortfall as “unrealistic.” According to the central bank, the combined capital deficit of these four banks stood at approximately Tk31,000 crore as of December 2024. The […]

Shahjalal Islami Bank PLC has earned the Bronze Award in the Private Sector Banks Category from the South Asian Federation of Accountants (SAFA) for its best-presented annual report for 2024. The recognition highlights the bank’s adherence to high reporting standards, transparency and compliance with established international frameworks in financial disclosure. At a ceremony held on […]

Mutual Trust Bank PLC (MTB) and East West University have recently entered into a significant agreement under which the bank will provide comprehensive payroll banking and cash management services for the institution’s teaching and non-teaching staff, along with its students. The agreement was formally exchanged during a modest ceremony held on the university’s Aftabnagar campus […]

In November, overseas Bangladeshis sent a substantial amount of money to the country. According to Bangladesh Bank, the recently concluded month saw remittance inflows of 28.89 billion US dollars. This is nearly 6.9 billion dollars more than the 21.99 billion received in the same month last year. As a result, remittance growth stood at 31.38 […]

Sammilito Islami Bank PLC has been included in the list of scheduled banks. Bangladesh Bank issued the notification on Monday (1 December). The notification was issued by Dr. Md. Kabir Ahmad, Deputy Governor of Bangladesh Bank. It stated that under section 37(2)(a) of the Bangladesh Bank Order, 1972, the bank has been classified as a […]

An agreement has been signed between Prime Bank PLC and Quality Feeds Limited to provide payroll banking and cash management services. Quality Feeds is one of the leading animal feed manufacturers in Bangladesh. According to a media release, the signing ceremony took place at the corporate headquarters of Quality Feeds in Dhaka. Under the agreement, […]