‘NBL Securities Limited’, a stock brokerage business venture of National Bank Limited (NBL), has started its journey in the city recently. Neaz Ahmed , managing director of the bank, formally inaugurated the company at a function, said a press release.

Citibank, N.A. has recently appointed Rashed Maqsood as its managing director and Citi Country Officer for Bangladesh. Prior to the new role, he held the position of country business manager of the bank in December 2010. He was the head of global transaction services for Citi in Indonesia for thr...

Pubali Bank Limited (PBL), the largest bank in private sector won the “Best Rated Bank 2010” award by the leading economic industry. Helal Ahmed Chowd- hury , managing director of the bank has received the award from the chief guest Dr. Mohammed Farashud- din, former governor of Bangladesh Bank a...

The World Bank is going to review its US$3.6 billion lending schemes in Bangladesh next week amid concern that at least half of the 28 projects it is financing has failed to attain desired pace of implementation. Officials said four of the projects have been singled out as "risky" and "problemati...

Export Import Bank of Bangladesh Ltd (EXIM Bank) recently promoted Dr. Mohammed Haider Ali Miah to additional managing director. Prior to the promotion, he was the deputy managing director of the bank and performed his duty as the head of Corporate Banking, Human Resources Division, Information T...

Dhaka, Mar 10: The United Commercial Bank (UCB), a leading private commercial bank in Bangladesh, has firmed up plans to float a Tk. 10-billion infrastructure fund. The bank will send the proposal to the regulator, Securities and Exchange Commission (SEC), for approval within a month, said an off...

Bangladesh Bank (BB) yesterday increased repo and reverse repo rates by 0.5 percentage points to slow credit growth in a bid to contain inflation. The new move came a day after the central bank lifted the lending cap. Executives of commercial banks and a former governor of the central bank have b...

Md Mainul Haque joined Sonali Bank Ltd as a deputy managing director (DMD) Thursday. Earlier he was a DMD of Bangladesh Krishi Bank. Mr Haque started his career as a senior officer of the then Bangladesh Shilpa Bank in 1981.

Bangladeshi exporters earned more than US$14 billion in the first-eight months of the current fiscal year, fuelled by growing demand for competitively priced manufactured products in a post-recession global economy. With a net 40 per cent growth recorded at the end of July-February period against...

The Bangladesh Bank has directed the commercial banks to display information on their credit services at visible places of head offices or branches to make the credit information available to their clients, officials said on Wednesday. “We have taken the latest move aiming to provide more financ...