Savers are returning to banks gradually thanks to the rise in interest rates and lack of attractive investment options in the money market, official sources at the Bangladesh Bank have said. Dull stock market and investment limits in purchasing savings certificates are motivating savers of all categories to park their money
Tag: Banks
Premier Bank opens new branch at Hasnabad
The Premier Bank Limited has inaugurated a branch at Hasnabad in Keraniganj recently, a press release said Thursday. The branch, located at Nazim Uddin Complex (1st floor) in Keranigonj (South), was inaugurated by Shamsuddin Chowdhury, AMD of the bank. Md. Tareq Uddin, EVP and head of brand marketing and communications,
BRAC Bank holds SME leaders’ conference
BRAC Bank recently organized the SME Leaders' Conference 2023 to formulate a business plan and strategy for SME Banking in 2023 and beyond, a press release said Friday. The conference aimed to align the bank's SME Banking leaders with its long-term business strategy, capitalizing on its extensive experience, nationwide presence
NBL opens central processing department
National Bank Limited (NBL) inaugurated a separate 'Central Processing Department' on March 1, 2023, a press release said Friday. MD and CEO of the bank, Md Mehmood Husain, inaugurated the department at Dilkusha in the city. DMDs of the bank, Syed Rois Uddin, and Hossain Akhtar Chowdhury, head of IT
SJIBL holds risk management body meeting
The 57th meeting of the Risk Management Committee (RMC) of the Board of Directors of ShahjalalIslami Bank Limited held recently at its Corporate Head Office, a press release said Thursday. The meeting was presided over by Engineer Md. Towhidur Rahman, Chairman of the Risk Management Committee of the bank. Directors
EBL-Wander Woman co-branded cards launched
Eastern Bank Limited and Wander Woman have launched co-branded prepaid and credit cards at the bank’s head office in Dhaka recently, a press release said Sunday. M. Khorshed Anowar, DMD and Head of Retail and SME Banking, Eastern Bank Limited; Sohail Alim, Director, Mastercard Bangladesh; Sabira Mehrin, Founder and CEO,Wander
FSIBL holds training for new officers
First Security Islami Bank Limited (FSIBL) has inaugurated 69th foundation course at FSIBL Training Institute for newly recruited trainee assistant officers, a press release said Thursday. Syed Waseque Md. Ali, MD of the bank inaugurated the training program. A. K. M. Amjad Hussain, principal, was also present.
Banks sell dollar at Tk 99 amid growing demand
Banks urged to invest more in capital market
The securities regulator on Wednesday urged all banks to make fresh investment within their existing scope to support the ailing stock market. The Bangladesh Securities and Exchange Commission (BSEC) suggested the banks three specific ways of making investment afresh as it held a meeting with the listed banks' CFOs (chief financial
More banks bag sound operating profits
More private commercial banks (PCBs) bagged substantial operating profits in the just-concluded calendar year as widening interest-rate spread alongside private-sector-credit growth paid off. The FE collected unaudited operating-profit figures of 11 more banks, out of a total of 42, including nine new PCBs, until going to press on Saturday. Of them, the