AB Bank initiated a three-day training program on "Orientation Course on Islamic Banking" for its officers at the bank's head office in the city on Tuesday. A total of 15 officers from different branches of the bank are participating in the program, said a press release.

Finance Asia, one of Asia’s leading magazines covering the banking industry, has named Citi as the Best Bank in Asia Pacific for 2010. The award marks the second year in a row that Citi has picked up the prestigious award and the twelfth time since it was first handed out thirteen years ago. The ...

Bangladesh Bank (BB) is set to begin with the second phase of financing different infrastructure projects under the Investment Promotion and Financing Facility (IPFF) Project, responding to huge demand. The second phase financing will be worth about $300 million in infrastructure projects. Of the...

The board of directors of BRAC Bank Limited has recommended 10 per cent cash and 20 stock dividend for the year 2010. In 2009 the bank had declared 30 per cent stock dividend for the share holders. The record date of the dividends is March 6 this year while March 24, 2011 has been fixed as the da...

National Bank Limited organised a workshop on “Prevention of money laundering and combating financing of terrorism’’ in the city recently. A total of 54 branch managers from different branches in Dhaka division of the bank took part the workshop at the bank’s training institute at New Eskaton, a ...

The board of directors of One Bank offered 55 percent stock dividend for the year 2010, while the board of Dhaka Bank offered 35 percent, Prime Bank 35 percent and Lankabangla Finance 55 percent. One Bank reported earning per share (EPS) of Tk 91.75, net asset value (NAV) per share of Tk 236.45 a...

The board of directors of One Bank offered 55 percent stock dividend for the year 2010, while the board of Dhaka Bank offered 35 percent, Prime Bank 35 percent and Lankabangla Finance 55 percent. One Bank reported earning per share (EPS) of Tk 91.75, net asset value (NAV) per share of Tk 236.45 a...

The second SME/Agricul-ture branch of Bank Asia started operating at Baligaon area of Tongibari upazila in Munshigonj recently to provide banking facilities to the local farmers. Nafees Khundker, director of the bank, formally inaugurated the new branch, said a press release.

The central bank yesterday asked commercial banks to bring down their credit-deposit ratio by June 30. General banks will have to cut down the ratio to 85 percent, while Islamic banks to 90 percent, according to a Bangladesh Bank (BB) directive. percent. In December, 50 percent margin requirement...

The World Bank (WB) will provide Tk 250 crore for the Bangladesh part of the Sundarbans under a project, Strengthening Regional Co-operation for Wildlife Conservation (SRCWC). Anderson, vice-president of WB’s sustainable development wing told state minister for environment and forest Dr Hasan Mah...