AB Bank Ltd. signed a Master Facility Agreement under 'Investment Promotion and Financing Facility (IPFF)' with Bangladesh Bank (BB) at Bangladesh Bank’s head office on Wednesday, says a press release. AB Bank president and managing director Kaiser A Chowdhury and Bangladesh Bank executive direct...

Mutual Trust Bank Limited (MTB) on Wednesday launched a branch and an ATM (Automated Teller Machine) booth at Bashundhara Residential Area in the city. Chairman of the Bashundhara Group Ahmed Akbar Sobhan inaugurated the bank’s 74th branch and 57th ATM booth as chief guest. The new branch a...

Bangladesh Bank has been suffering from acute shortage of manpower which is assumed to hamper the central bank’s monitoring and supervision on the large number of financial institutions of the country, experts said. Concerned sources said a total of 387 posts of assistant directors and more th...

The government’s bank borrowing last week came down significantly from its peak as a big amount of fund was added to the national exchequer from the telecom sector. Public borrowing from banks, especially from the central bank, declined to nearly Tk 168.48 billion on Monday, from its peak of T...

In an effort to reduce dependence on borrowing from the banking sector, the government plans to increase interest rates on savings instruments again amid a fall in sales of such instruments. The rates of interest on three-year and five-year savings instruments are likely to be hiked by around ...

Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Dutch-Bangla Bank Ltd (DBBL) Monday signed a Memorandum of Understanding (MoU) under which the bank will work as the key sponsor at the upcoming 6th Knit Exposition 2012 in Japan, said a press release. BKMEA president AKM ...

Rajshahi Krishi Unnayan Bank (RAKUB) has taken up a project to introduce Foreign Employment Loan Programme.The decision was taken at the 372th meeting of RAKUB Board of Directors on Tuesday noon. Presided over by professor Dr M Shah Nawaz Ali, chairman of RAKUB, the meeting was attended, among ot...

Prime Bank Limited has opened its 117th branch at Ashuganj in Brahmanbaria recently. Md Shirajul Islam Mollah, chairman of the bank, inaugurated the branch as chief guest, said a press release.

Mohammad Abu Abdu- llah recently joined United Commercial Bank Limited (UCBL) as the deputy managing director (DMD). Abdullah, a well known personality in human resource development in Bangladesh, has gained an outstanding experience during his long career of about 38 years at home and abroad,...

Mutual Trust Bank Limited (MTB) recently opened its 73rd branch at Sarulia Bazar in Demra, Dhaka. Md. Ahsan-uz Zaman, additional managing director (AMD) of MTB inaugurated the branch. A large number of SME entrepreneurs, local MP, dignitaries, local elite, leading businessmen, and people of di...