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 […]