Pragati Insurance Limited, in collaboration with Midland Bank PLC, has successfully settled its first non-life motor car insurance claim under their bancassurance partnership, according to a recent press release. To mark the occasion, a ceremony was held at Midland Bank’s Gulshan branch, where Mohammad Kutubuddin, the customer, was presented with a cheque as part of […]

Amir Khasru Mahmud Chowdhury has called for the restoration of accountability in Bangladesh’s banking and insurance sectors, which, he claims, have been significantly influenced by political party affiliations over the past 15-16 years. Speaking as the chief guest at a discussion event on Wednesday to mark the 25th anniversary of Popular Life Insurance Company Limited, […]

Despite efforts by Bangladesh’s Ministry of Labour to preserve thousands of jobs and maintain export earnings, state-owned Janata Bank has moved forward with the auction of six factories belonging to the Beximco Group. The auction follows notices issued by Janata Bank after a board meeting. According to The Business Standard, the bank announced the public […]

Moody’s Investors Service, now rebranded as Moody’s Ratings, has reaffirmed Eastern Bank PLC (EBL) with a B2 credit rating, which remains capped by Bangladesh’s sovereign rating. According to a Moody’s press release, this reaffirmation reflects EBL’s strong capital base, consistent profitability, high asset quality, and sufficient liquidity, highlighting the bank’s resilience in a challenging operating […]