The Asian Development Bank (ADB) yesterday awarded its three best performing project teams in Bangladesh in recognition of their effective scheme implementation, results delivery and transparency in procurement for 2011. The winning project teams are Second Urban Governance and Infrastructure ...

Bangladeshi nationals going abroad for employment, immigration or self-employment can now open private foreign currency accounts without initial deposits, the central bank said yesterday. The accounts can be opened in authorised dealer banks by Bangladeshi nationals working or residing abroad,...

Sabera Aktari Jamal was recently promoted to deputy managing director (DMD) of Uttara Bank Limited (UBL). Prior to her promotion, she was the executive general manager of the bank, said a press release.

The Asian Development Bank yesterday unveiled its partnership strategies for Bangladesh that it will help the government cut poverty by 10 percentage points by 2015. The Bangladesh Country Partnership Strategy (CPS) 2011-2015 supports Bangladesh's development goals for boosting investment to 3...

Prime Bank Ltd, country's one of the leading private commercial banks (PCBs) is going to launch mobile-banking by the first quarter of 2012 in its strong bid to grab the unbanked areas of the economy. "We have received the central bank permission very recently to launch mobile banking and we a...

Bank Islam Malaysia Bhd is eyeing opportunities for expansion in Indonesia and Bangladesh, which have sizeable Muslim populations and adequate Islamic banking regulatory policy and supporting infrastructure in place to facilitate Shariah-based financing and banking operations. Managing director D...

Bangladesh Commerce Bank Limited (BCBL) has opened its 29th branch at Bijoy Nagar in the city yesterday (Wednesday). AQ Siddiqui, chairman of the board of directors of the bank inaugurated the branch as chief guest, said a press release.

Southeast Bank Limited has opened a branch at Islampur in the city recently. Mahbubul Alam, managing director of the bank inaugurated the branch as chief guest, said a press release.

The Ministry of Finance has asked the central bank to take necessary action against Destiny-2000 Ltd, a Multi-Level Marketing (MLM) company, for its illegal banking activities. The Banking Division of finance ministry on Tuesday sent a letter to Bangladesh Bank authorities directing it to take...

The government has decided to include the provision of DNA testing in procuring new taka-one and taka-two metal coins to avoid possible health hazards. It will procure two billion pieces of taka-one and taka-two metal coins during 2011-12 and 2012-13 fiscal years. Bangladesh Bank (BB) has acce...