Bangladesh Bank (BB) yesterday warned five local and foreign commercial banks for violating their investment and credit limits. The central bank issued letters to Bank Asia, Shahjalal Islami Bank, State Bank of India, National Bank of Pakistan and Exim Bank for violating their limits, sources sai...

Annual Managers’ Conference for the year 2011 of Dhaka Bank Limited was held at a city hotel on Sunday. Reshadur Rahman, chairman of the Board of Directors of the bank inaugurated the conference as the chief guest while Khondker Fazle Rashid, managing director presided over the conference, said a...

A leading state-owned commercial bank logged 136 percent higher profit last year from its investments in the capital market alone, compared with the previous year. Sonali Bank earned profits of Tk 177 crore in 2010 from its investments in the stockmarket, up from Tk 75 crore the previous year, it...

Gone are the days when budding entrepreneurs in Bangladesh stumbled to get access to funds to start their own ventures or expand existing operations. Commercial banks and many other non-banking financiers are now more than willing to facilitate their dreams with funds. Banks and other financial i...

The central bank plans to step up its efforts to provide the much-needed financial services to the small and medium entrepreneurs (SME) across the country, officials said. NEW GUIDELINES Bangladesh Bank (BB) plans to update its guidelines on SME sector, prioritising a number of areas for the ben...

Md Golam Rabbani was promoted as deputy managing director of Prime Bank recently. Prior to this assignment, he was the senior executive vice president of the bank, said a statement. Rabbani started his career in 1977 in Bangladesh Shilpa Rin Sangstha and joined Prime Bank on October 2001.

The Annual Managers’ Conference-2011 of Southeast Bank Limited was held at a hotel in Cox’s Bazar. Mahbubul Alam, managing director of the bank presided over the conference held recently, said a press release. Alamgir Kabir, FCA, chairman of the bank was present as the chief guest at the conferen...

Standard Bank recently come up with their intention to open a new exchange house in New York aiming to grab the remittance business. This bank has already become one of the leading commercial banks in Bangladesh and hence extending their network worldwide. S A Farooqui, Managing Director and CEO ...

Prime Bank Investment, a subsidiary company of Prime Bank limited, is mulling over raising funds from alternative source to overcome dependency on bank loans. In this regard, the company is going to organise a three-day long share market fair of Bangladesh at Whitechapel area in London from March...

Dutch-Bangla Bank Ltd yesterday donated 30,000 pieces of blankets worth Tk. 10.5 million for the people who are the worst sufferers of the winter chill across the country. Mohammed Sahabuddin Ahmed, founder chairman of DBBL and Chairman of Dutch-Bangla Bank Foundation Trustee Board, handed over a...