Tag: banking

Islami Bank violates Shariah rules to borrow from BB

- Kazi Taznin Nahar -

The Islami Bank Bangladesh Ltd. (IBBL) has borrowed Tk 8,000 crore from Bangladesh Bank (BB) violating the Shariah rules to tackle liquidity crisis. BB sources said the IBBL has been suffering from liquidity crisis for quite few months after dubious lending to some ghost companies with fake addresses. The bank also failed

GABV observes Banking On Values Day

- Times Report -

Global Alliance for Banking on Values (GABV) has marked Banking On Values Day on 10 November 2022 by reaffirming the crucial role that banks have to play in tackling the root causes of climate change, a press release said Friday. At the COP27 ‘Finance Day’, the GABV urged the financial sector,

Speaker urges bankers to uphold values in banking

- Times Report -

Parliament Speaker Shirin Sharmin Chaudhury has called upon the banking sector leaders to uphold values and pursue responsible financing to build a sustainable and prosperous future for all. "I believe this values-based concept may become a turning point in Bangladesh's efforts to balance development and equity and combat issues like climate

Pubali Bank Ltd. opens Islamic banking

- Times Report -

Pubali Bank Limited has inaugurates Shariah based Islamic Banking Services through online in all of its 491 branches and 93 sub-branches, a press release said Monday. Safiul Alam Khan Chowdhury, MD and CEO of the bank was present as chief guest at the inaugural ceremony held at the bank's head

BRAC Bank offers student banking benefits to DIU

- Times Report -

BRAC Bank has signed an agreement with Daffodil International University (DIU) to provide preferential benefits of Agami, a complete range of student banking services, a press release said Friday. This agreement will enable DIU students to enjoy several benefits of the Agami proposition, including financing for their educational expenses with Agami

FSIBL opens 3 agent banking outlets

- Times Report -

First Security Islami Bank Ltd (FSIBL) has opened three agent banking outlets at Banshghata Bazar, Eidgaon, Cox’s Bazar, Bengura Bazar, Boalkhali, Chattogram, and Shahosrail Bazar, Boalmari, Faridpur on Monday. Waseque Md Ali, Managing Director of the bank, inaugurated the outlets virtually. Abdul Aziz and Md. Mustafa Khair, Additional Managing Directors,

BRAC Bank, BFDS to ensure easy banking for freelancers

- Times Report -

BRAC Bank and Bangladesh Freelancer Development Society (BFDS) have joined to ensure smooth banking services for the freelancers of the country. BRAC Bank and BFDS, the forum that facilitates works and ventures of the freelancer community, signed a memorandum of understanding (MoU). The partnership followed BRAC Bank’s launch of the country’s first

BRAC Bank reiterates commitment to values-based banking

- Times Report -

BRAC Bank has reiterated its strong commitment to values-based banking as the bank along with 66 other members of Global Alliance for Banking on Values (GABV) celebrates Banking on Values Day across the globe. Every year GABV observes the day to claim for a more sustainable and inclusive financial models. This

EBL, G4S sign payroll banking deal

- Times Report -

EBL and G4S has recently signed payroll banking deal at the latter’s office in Dhaka. M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking of EBL and K. M. Iqbal, Managing Director of G4S Secure Solutions Bangladesh (P) Ltd. signed the deal behalf of two companies., a