The operating profit of United Commercial Bank Limited (UCBL) during calendar 2010 surpassed the target set for the year by Taka 1.0 billion to Tk 5.05 billion. This is a 55 percent growth over the previous year. The bank earned Tk 3.25 billion as operating profit in 2009 and the target set for t...

A workshop on ‘money laundering prevention’ was organised at the Narayanganj Club recently for the officials of commercial banks operating in Narayanganj. In partnership with the Money Laundering Preven -tion unit of Bangladesh Bank, HSBC Bangladesh organised the programme, said a press releas...

Analysts held the central bank's lack of control for the stock market's crash. The Dhaka Stock Exchange fell by 555 points during the first week's trade in the year. But on Sunday the stocks came tumbling down with a record fall of 600 points, which is 7.75 percent. The analysts indicated that t...

Bangladesh Bank has urged the people not to invest in multilevel marketing companies that offer abnormal profit in a short period of time. In a statement issued on Sunday, the central bank warned that investors can get deceived by these companies that come up with schemes offering 10

Bangladesh Bank (BB) Governor Dr Atiur Rahman has said the fates of the farmers should be changed first for attaining the country's sustainable development. Terming the farmers a lifeline of the country's economy, Rahman called upon all for coming forward to ensure and preserve interests and righ...

Top executives of Islami Bank Bangladesh Ltd on Friday expressed hope that the bank will be a bank of 10 million customers by the end of this year. These commitments were expressed in the ‘Business Development Conference’ of the bank held at a city hotel, said a press release.

Dutch-Bangla Bank Ltd (DBBL) organised a day-long workshop on ‘reporting of foreign exchange transaction’ for the designated officers of the bank yesterday. K S Tabrez, managing director of the bank, inaugurated the workshop at bank’s training centre at Dilkusha in the city, said a press release.

The IPO lottery of Mercantile Bank Ltd First Mutual Fund (MBL 1st Mutual Fund) will be held today (Sunday) at 11-00 am at city's Emmanuelle's Banquet Hall (Gulshan-1). According to LR Global, the issue manager of the IPO, the mutual fund was over-subscribed by about 113 per cent.

The country’s remittances dropped at US$ 4.6 billion or 1.67 percent during the first five months of the current fiscal compared with US$ 4.66 billion at the same period a year ago. The total liquid assets of the scheduled banks stood lower at Tk 821.65 billion as of end November, 2010, agains...

Rupali Bank, an state owned commercial bank has sold 50,450 shares out of 3,068,750 as of January 4 this year. The government on November 24 last year decided to offload further 24.55 per cent or 2,857,380 shares of Rupali Bank Limited held by it through Investment Corporation of Bangladesh (ICB...