The cash outflow from banks has sharply increased in August from July this year as the withdrawal of funds went up by Tk 89.79 billion in the month. The country’s banks witnessed a rising cash withdrawal as the people required huge funds to maintain their livelihood because inflation went up t...

IFC, a member of the World Bank Group, and Bangladesh Bank yesterday launched the country's first ever database on small and medium enterprises (SMEs) to help both lenders and borrowers take financing decisions efficiently. The database will provide quarterly reports with up to date informatio...

Salman F Rahman, chairman of IFIC Bank, presides over an extraordinary general meeting of the bank at Officers' Club in Dhaka yesterday. The bank reduced the face value of its shares from Tk 100 to Tk 10. Mohammad Abdullah, managing director, was also present.

National Bank has recently organised a daylong training workshop on "Prevention of money laundering and combating finance of terrorism" in Moulvibazar. AKM Fazlul Haque, deputy director of Bangladesh Bank for the Sylhet branch, was the resource person of the workshop. Md Abdul Wahab, vice p...

Social Islamic Bank Limited (SIBL) marked the highest operating profit among the private commercial banks in the first six months of 2011, revealed a report at a press conference on Monday. Mohammad Ali, managing director, SIBL, told the briefing that the bank has achieved point to point capital ...

Ten officials of the Bangladesh Bank (BB) were given Employees Recognition Award for their outstanding performance in carrying out respective duties in 2009 and 2010. BB governor Dr Atiur Rahman handed over one crest (a golden coin) and a certification of appraisal to each of the awardees at a si...

The seventh extra-ordinary general meeting (EGM) of the state-owned Rupali Bank Limited on Tuesday approved the change of the denomination of shares from existing Tk 100 to Tk 10 and the market lot of shares from existing 10 to 100. The change has been made through amendment of clause V of the Me...

Dr. Atiur Rahman, Governor of Bangladesh Bank, is handing over a document on sanction advice to Sultana Rajia, Proprietress of Rajia Enterprise, a client of Cox’s Bazar branch of Southeast Bank Limited at “Bank-NASCIB SME Saikat Utsab – 2011”, in Cox’s Bazar recently.

Akhtar Hamid Khan, a professional banker, recently joined NCC Bank Limited as deputy managing director (DMD). Prior to his new position, he was executive vice president (EVP) and head of Central Risk Management Unit of AB Bank Limited, said a press release. Akhtar Hamid Khan was born in a r...

National Bank Limited (NBL) inaugurated its 149th branch at Madhobdi in Narshindi yesterday. Parveen Haque Sikder, director and chairperson of the executive committee of the bank formally inaugurated the branch as chief guest, said a press release. Neaz Ahmed, managing director and CEO, pre...