“Digital bank licence suspended following employee protests”
The issuance of a digital bank licence in Bangladesh has been halted following strong objections from senior officials of the …
Banking
Banking
UCB Bank Launches Women-Focused Loan Program
United Commercial Bank (UCB) has introduced a suite of loans under its women-centric banking service, “Ayma”, aimed at empowering female …
Nabil Mustafizur Rahman Appointed MD of Sammilito Islami Bank
In a landmark development for the Bangladeshi financial landscape, the Ministry of Finance has formally endorsed the appointment of Nabil …
Germany, France Push for EU Financial Simplification
Berlin, 17 February – Germany and France have jointly called on the European Commission to swiftly implement an ambitious “Financial …
Germany Pushes Euro Digital Currency Initiative
The President of Germany’s central bank, Joachim Nagel, has recently voiced strong support for euro-backed crypto stablecoins and a retail …
Al-Arafah Islami Bank Partners with Seamax Ltd
Al-Arafah Islami Bank PLC, one of Bangladesh’s foremost Shariah-compliant financial institutions, has entered into a strategic collaboration with Seamax Limited, …
Prime Bank Advances Youth Empowerment at GAU
Prime Bank PLC, through its flagship platform PrimeAcademia, recently hosted a seminar entitled “Empowering Youth” at Gazipur Agricultural University (GAU), …
Uttara Bank Expands with 50th Sub-Branch
Uttara Bank PLC has marked a significant milestone in its ongoing expansion strategy with the inauguration of its 50th sub-branch …
“The economy is in crisis due to debt repayment burdens.”
Bangladesh’s economy is currently under significant pressure as rising debt servicing costs coincide with slowing growth. Attempts to rein in …
Central Bank Curbs Ramadan Hours for Electronic Transfers
In observance of the holy month of Ramadan, Bangladesh Bank has announced a temporary adjustment to the operational windows for …