AL Gooneratne, managing director of Commercial Bank of Ceylon, is now in Dhaka for an official visit, says a statement yesterday. He will preside over the annual staff conference 2011 of CBC Bangladesh and meet the regulatory authorities of the bank here. Gooneratne is also scheduled to attend cu...

The dollar regained ground against the euro Friday after a week moving downward, as higher oil prices due to Libya’s political turmoil threatened to moderate growth prospects in Europe and the United States. Markets remained on edge due to the fighting in Libya, where important oil supplies to Eu...

Pubali Bank Ltd has recently set up a modern computer lab to provide the employees with practical training on IT to provide more innovative banking services to its clients.Hafiz Ahmed Mazumder MP, chairman of the board of directors the bank, formally inaugurated the lab at the bank’s head office ...

The World Bank (WB) has approved a US$ 1.2billion concessional IDA credit in Washington on Thursday to Bangladesh for the Padma Multipurpose Bridge (PMB) project, aimed at improving connectivity,boosting opportunities for people in its southwestern region, a bank statement said on Friday.

Standard Chartered Bank (SCB), Bangladesh recently held a seminar for its wholesale banking clients based in Chittagong on Transaction Banking’s electronic channel – Straight 2 Bank,says a press release. The purpose of the seminar was to familiarise customers on the benefits of using Straight2Bank.

Sonali Bank Ltd. (SBL), a state-owned commercial bank, held a “Business View Exchange Meeting-2011” at a city hotel on Friday aimed to underscore on the work plans for the year of 2011 through evaluating the past year’s business achievement. The meeting was presided over by the SBL’s Managing Dir...

General Manager of Rajshahi Krishi Unnayan Bank (RAKUB) Muhammad Awal Khan Wednesday urged the bankers for disbursements of adequate agri-loans at farmers’ doorsteps for enhancing agri-production. The farmers could ensure sustainable developments in the country through ensuring its food security ...

The board of directors of Bank Asia has recommended rights shares at a ratio of 1:4 and 40 per cent stock dividend for the year 2010. The existing shareholders will enjoy one rights share for every four shares after the approval of the market regulator.

The World Bank’s new Country Assistance Strategy (CAS) for Bangladesh for FY 2011-14 is aimed to reduce poverty from 40 to 15 per cent and help transform Bangladesh into a middle-income country by 2021. “The CAS supports the country’s ambitious aspirations to reduce the poverty rate from 40 to 15...

Eastern Bank Ltd (EBL) recently introduced "EBL Junior", a savings account for students, to bring the young generation under banking umbrella and help them learn the benefits of savings. EBL Managing Director and CEO Ali Reza Iftekhar formally launched the new product of the bank at function at ...