Al-Arafah Islami Bank Limited (AIBL) opened its 78th branch at Panchdona in Narsingdi recently, said a press release. Member of Al-Arafah Islami Bank Foundation and Director of AIBL Capital Market Services Ltd Engr Khandoker Mesbahuddin Ahmed inaugurated the branch as the chief guest.

Islami Bank Bangladesh Ltd (IBBL) collected deposit of Tk 291.31 billion until December 31, 2010 with a rise of Tk 47.66 billion in a year from January 1 making 20 percent growth. Total investment of the bank reached Tk 291.46 billion during the same period increasing Tk 52.46 billion with 22 per...

Professor Mohammed Farashuddin, Former governor of Bangladesh Bank, has called for imposing a strict limitation on scheduled banks' investment in Initial Public Offerings (IPOs) only and bringing them out of pre-IPO investment as it is creating only asset inflation in the economy. He was speaking...

Another leading bank of Bangladesh, Southeast Bank Limited recently expanded its branch network further by opening its 73d and 74th Branch consequently to Madanpur & Narsingdi. Mr. Zakir Ahmed Khan, Financial Adviser of Southeast Bank Limited formally inaugurated the Branches as Chief Guest...

Remittance growth slowed last year compared to the previous year, and the inflow fell short of the yearly target by $1 million. The growth was 2.62 percent in the last calendar year against a target of $11 billion. In the last few years, the growth hovered around 15-30 percent.

The use of technology has widened the reach of banking services. And a big part of growth of the industry can be attributed to the surge in retail banking ASMA Begum, 45, a widow and mother of two, was tense about her daughter, who was eligible to wed. Her husband died 10 years back and left her...

South Korea's manufacturing activity accelerated in December to its fastest rate in seven months, propelled by an increase in new orders, according to data released by HSBC Monday. HSBC said that South Korea's Purchasing Managers' Index in December rose to a seasonally adjusted 53.9 from 50.2 in ...

Bangladesh's economy is on course to achieve its 6.7 percent growth target in the fiscal year to June 2011 and may reach 7 percent the year after, despite the global slowdown, the central bank governor said on Thursday. Atiur Rahman said in an interview that although the number of workers migr...

The crisis of values and ethics afflicts today’s bank and financial services industry both locally and globally, Bangladesh Bank Governor Dr Atiur Rahman said yesterday. “The recent global financial turmoil was originated from aberrant quests for quick gains from irresponsible risk taking, alongs...

BRAC Bank recently organised a road-show at Shahjalal University of Science and Technology (SUST) in Sylhet as a part of its campus contacts in various universities across the country.