Khandakar Md Ikbal has recently joined Sonali Bank as deputy managing director, the bank said in a statement yesterday.

Islami Bank Bangladesh Limited will strengthen its rural development activities through 'Rural Development Scheme' to eradicate poverty.

The expansion of credit flow to the private sector witnessed a rising trend in February 2012, following increased trade financing, after facing fall in the past few months, bankers said.

Eastern Bank Ltd (EBL) and Navana Ltd, a brand automobile distributors of the country, have signed a MoU in the city recently, says a press release. Muklesur Rahman, deputy managing director of EBL, and Saiful Islam Shumon, senior vice-chairman of Navana Ltd, signed the MoU. Ali Reza Iftekhar,...

The Securities and Exchange Commission allowed two more institutions to roll out full-fledged merchant banking operations in the stock market. On Wednesday, the SEC gave nod the two institutions -- IL Capital Limited and CAMP Advisory Ltd --to begin operations.

Mutual Trust Bank Limited (MTB) opened two new ATM booths at the Independent University of Bangladesh (IUB) campus at Bashundhara residential area in the city.

Social Islami Bank Limited opened an ATM booth at its Khulna branch recently.

Bangladesh Bank Governor Dr Atiur Rahman yesterday stressed the need for developing insurance products, particularly health insurance and crop insurance, for the poor and urged all concerned to work together so that poor households can insure themselves against health shocks and crop losses.

The International Monetary Fund (IMF) has sought a report on implementation of the 16 conditions the multilateral lending agency tagged with releasing $1 billion credit to Bangladesh. The IMF in a letter to Bangladesh has asked to know about the progress report within Monday, sources said.

Smiling Sun (Surjer Hashi) hosted the inaugural ceremony of the Smiling Sun online Managemment Information System (MIS) at Rangamati recently.