Southeast Bank Limited opened its 87th branch at Kamrangirchar in Dhaka recently. MA Kashem, founder chairman of the bank inaugurated the branch as chief guest, said a press release Thursday.

Bangladesh received remittances from expatriates worth $1.45 billion in October this year, the record highest in a month. Fabulous flow of remittances into the country in October surpassed the previous single-month record posted in January 2012, which was $ 1.22 billion, Bangladesh bank (BB) dat...

Muhammed Ali, a prominent banker with 35 years’ of multi-dimensional experience in banking sector Thursday joined UCBL as Managing Director and CEO. Prior to joining UCBL, he was the managing director of Social Islami Bank Ltd, said a press release.

Dutch-Bangla Bank Limited (DBBL) donated Tk 7 million for constructing a building for Sholakuri College at Modhupur in Tangail recently.

DHAKA: Deposits in banks marked about 20 percent rise in the past one year, thanks to the central bank’s policy support that encouraged savings, remittance inflow and discouraged unnecessary spending on credit.

Al-Arafah Islami Bank Limited signed a Memorandum of Understanding (MoU) with Millennium Information Solution Limited at the board room of the bank in Dhaka recently.

The outstanding loans of five state-owned commercial banks (SoCBs) crossed Tk 320 billion, which the experts term as a risky situation for the country’s banking sector. The state-run banks include the Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank and Basic Bank.

The 378th meeting of the Executive Committee of Jamuna Bank Limited was held at the bank’s head office in Dhaka recently. Sakhawat Abu Khair Mohammad, Chairman, Executive Committee of Jamuna Bank Limited presided over the meeting, said a press release.

The 208th meeting of the Board of Directors of Jamuna Bank Limited was held at the bank’s head office in Dhaka recently.

The country’s inward remittance hit the single-month highest at $1.33 billion in October, Bangladesh bank (BB) data shows Tuesday. Fabulous flow of remittance during this month surpassed the previous single-month highest of $1.22 billion posted in January this year.