M. Wahidul Haque and Salim Ahmed have been re-elected the chairman and vice chairman of the board of directors of AB Bank Ltd recently. The board of directors re-elected them as chairman and vice chairman at its meeting on July 12, said a press release.

Al-Arafah Islami Bank has recently distributed free solar panels among the poor of Madhapur upazila of Habiganj as a part of its corporate social responsibility. Bangladesh Bank Governor Dr Atiur Rahman inaugurated the programme while Badiur Rahman, chairman of the bank, presided over the functio...

National Credit and Commerce (NCC) Bank Ltd has opened two ATM booths in Chittagong recently to extend the bank’s services to people. M Nurun Newaz Salim, chairman of the bank, formally inaugurated the booths at Agrabad and Nasirabad in the Chittagong city as chief guest, said a press release.

Former BB governor Dr Salehuddin Ahmed said corporate governance had a very important role in carrying out daily banking operations smoothly. Deterioration in corporate governance means banks are losing transparency and accountability, he added while asked to comment on the role of the corporate...

In a bid to contain the inflationary pressure, the Bangladesh Bank has gradually tightened the monetary stance. The basic idea is to curb the excessive credit growth so that money supply could be brought down within the limit set in the half-yearly monetary policy statement.

City Bank has become the sole banking partner of Desh TV’s reality game show “Ke Hote Chay Kotipoti”. An agreement between Desh TV and City Bank was signed recently on this arrangement, said a press release.

BRAC EPL Investments Ltd plans to introduce social and sustainable investment banking solution in Bangladesh, the company said in a statement recently.

Javed Kureishi, Citibank’s head of global subsidiaries group (GSG) for Asia pacific, arrived in Dhaka yesterday on a two-day official visit. He is scheduled to meet important clients and government officials during the visit, said a press release.

AB Bank yesterday approved 10 percent cash and 15 percent stock dividend for its shareholders for the year 2010. The approval was given at the 29th Annual General Meeting (AGM) at Bangabandhu International Conference Centre. M Wahidul Haque, chairman of the bank, presided over the AGM, said a pr...

Bangladesh Bank (BB) will start providing online information of its Credit Information Bureau (CIB) reports to banks and non-banking financial institutions (NBFIs) from July 19, which will make faster the lending services and will eventually cut the cost of doing business.