A major shake-up in Bangladesh’s banking sector is underway as five Shariah-based banks, all in financial turmoil, prepare to merge into a single institution. The banks—First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and EXIM Bank—are facing massive liquidity problems, and the merger is seen as a desperate attempt to salvage […]

Pubali Bank PLC recently hosted its highly anticipated CLS Agent Conference-2025, a significant event that not only honoured the bank’s best-performing agents but also laid the foundation for ambitious future developments in the bank’s retail banking sector. The event was held at the bank’s main auditorium, located at its Head Office in Dhaka, and attracted […]

In the face of heightened economic and political volatility, BRAC Bank has retained its strong financial position, with global rating agency Standard & Poor’s (S&P) reaffirming its B+/B credit ratings. The bank, a key player in Bangladesh’s banking sector, is expected to weather the current turbulent conditions with a projected risk-adjusted capital (RAC) ratio between […]

In a move set to reshape the landscape of property financing in Bangladesh, Community Bank Bangladesh PLC and Tropical Homes Limited have officially entered into a business partnership aimed at providing better loan facilities within the real estate sector. The Memorandum of Understanding (MoU), signed by the two companies, sets a framework for their ongoing […]

IFIC Bank PLC has appointed Sheikh Akhter Uddin Ahmed as its new Deputy Managing Director (DMD), with the appointment taking effect from 25th November 2025. This announcement comes after a careful evaluation process, aimed at strengthening the bank’s leadership and steering it toward its long-term strategic goals. Mr. Ahmed is no stranger to the banking […]

In a strategic move to enhance digital financial services, Al-Arafah Islami Bank, one of Bangladesh’s leading Shariah-compliant financial institutions, has entered into a significant Memorandum of Understanding (MoU) with Sunlife Insurance Company Limited. This partnership promises to bring about a transformative shift in how premium collections are managed, offering improved operational efficiency and customer satisfaction. […]

Bangladesh’s banking sector is reeling from an extraordinary surge in non-performing loans (NPLs), with the total volume of classified loans hitting a historic high of Tk 6.44 trillion by September. This marks a dramatic rise of Tk 2.24 trillion in just six months, sending shock waves through the financial system. Latest central bank figures reveal […]

National Bank PLC has officially launched its groundbreaking ‘Remittance Cash Payment Automation’ system, marking a significant step in the bank’s digital transformation efforts, according to a recent press release. Key Launch Details The launch event took place on November 25, 2025, at the Bank’s Head Office, with Managing Director Mr. Adil Chowdhury cutting the ribbon […]

Al-Arafah Islami Bank PLC, a leading Shariah-compliant bank in Bangladesh, has signed a Memorandum of Understanding (MoU) with Sunlife Insurance Company Limited to enhance premium collection and strengthen digital financial services. The partnership aims to streamline premium collection processes, improve data security, enable real-time reporting, and facilitate efficient financial reconciliation across Sunlife’s operational network. The […]