The boards of directors of four listed commercial banks and insurance have recommended dividend for the year ended on December 31, 2011. The board of directors of the Eastern Bank has recommended 35 percent stock dividend for the year 2011.

Bangladesh Bank (BB) has asked the scheduled banks to prepare risk management reports on a regular basis and present those at the monthly risk management meeting of the banks.

World Bank president Robert Zoellick announced Wednesday that he would step down at the end of June, setting up a possible new fight over US dominance at the global development lender. Zoellick, 58, said he would complete his five-year term, during which he shepherded the Bank and its members ...

The Asian Development Bank (ADB) has appointed a US citizen, M Teresa Kho, as the new country director for its Bangladesh resident mission. Kho succeeds Thevakumar Kandiah who retired from the ADB on January 12. The new country boss is expected to assume her new position on February 22.

Md Mozammel Hussain has recently joined Jamuna Bank as deputy managing director, the bank said in a statement.

Broad Band Telecom Services Limited (BBTS) -- a joint venture of the country’s industrial conglomerate Ispahani Group-- will set up optical fibre network to connect Trust Bank Limited head office with its all branches across the country. To this effect, Mirza Ali Behrouze Ispahani, chairman of BB...

EXIM Bank organized customers’ conference for its Gulshan, Corporate and Bashun- dhra branches in the city recently.

The board of directors of Dhaka Bank yesterday recommended five percent cash and 30 percent stock dividend for the year ended on December 31, 2011.

Dhaka Bank has opened its 62nd branch with all modern banking facilities including an ATM booth at Jatrabari in the city recently.

United Commercial Bank Ltd (UCBL), a private sector commercial bank has achieved remarkable progress during last fiscal year and maintained it success this fiscal overcoming its previous weaker position. The bank has earned Tk 6.07 billion operating profit in the year 2011, marking an attracti...