Akhtaruzzaman Chowdhury MP has recently been elected chairman of United Commercial Bank. The election took place in a meeting of the bank yesterday. Chairman of parliamentary standing committee on the textile and jute ministry, Chowdhury is one of founder directors of the bank.

Bangladesh Commerce Bank Ltd has launched ‘Proprietary Credit Card’ for its clients recently. The credit card will be a low-cost product with wide acceptability within the country, compared to other cards available in the market, said a press release.

Bank Asia on Sunday relocated its corporate office from Motijheel to Rangs Tower in Purana Paltan. The 208th board meeting of the bank was held at the new office at 68 Purana Paltan yesterday with the bank’s Chairman A Rouf Chowdhury in the chair, said a press release.

Bangladesh Bank has formed a six-member committee led by Executive Director SK Sur Chowdhury to probe whether commercial banks were involved in stockmarket irregularities. The team will examine allegations of bank-related irregularities mentioned in the share market probe report, which has been s...

AK Azad, President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the government for lowering bank lending rate to the previous level of maximum 13 percent, in order to bring stability in the investment sector.

Sowkat Ali was made general manager of Sonali Bank Limited and posted at general managers’ office in Khulna yesterday. Before joining his office in Khulna, he was working in the bank’s head office in the discipline and appellate division, said a press release.

Pubali Bank Limited (PBL) organised a follow-up meeting on “Loans under Consumers Credit Scheme” at Pubali Bank Head Office in the city recently. Senior executives, branch managers of Dhaka and Narayangonj region and officers of the bank attended.

HSBC has initiated a cross-border Renminbi (RMB) trade settlement the first ever of its kind in Bangladesh for one of its corporate clients, Ring Shine Textiles Limited. Ring Shine Textiles Limited, a Chinese company, is based in the Dhaka Export Processing Zone. Under this deal, HSBC has opened ...

Southeast Bank Limited (SEBL) organised a workshop on "Implementation of Supervisory Review Process (SRP) under Pillar II of Basel II" in the city recently, said a press release. The workshop was organised for the team members of SRP to enrich their knowledge base and to discuss the related risk ...

The Bangladesh Bank (BB) has almost completed the draft of the proposed amendment to the Bank Company Act in order to reduce numbers of private bank directors, streamline bank's capital market exposure and empower central bank to directly penalise individuals or organizations for breaching the la...