Bangladesh Central Bank Dissolves Boards of Five Shariah Banks Ahead of Merger
Bangladesh Bank has dissolved the boards of five Shariah-compliant banks as part of a significant restructuring plan to merge them …
Banking
Banking
Dhaka Bank Partners with Sparkle Knit Composite for Payroll Banking Services
Dhaka Bank PLC has entered into a strategic payroll banking partnership with Sparkle Knit Composite Limited, offering the company’s employees …
SIBL Reports Record Loss of Over Tk 1,704 Crore in Nine Months
Social Islami Bank PLC (SIBL) has reported a staggering net loss of over Tk 1,704 crore for the first nine …
Legal Obstacles Hinder Asset Recovery Efforts in Bangladesh
The interim government’s high-profile initiative to recover stolen assets following the 2021 uprising may not achieve its goals before its …
Administrators Take Charge as Bangladesh Moves Towards Consolidating Five Islamic Banks
The long-awaited consolidation of five struggling Shariah-compliant banks into a single, large Islamic bank has taken a significant step forward. …
United Fintech Acquires Trade Ledger to Boost AI Innovation in Banking
United Fintech, the brokertech and banktech holding company led by Christian Frahm, has announced its acquisition of Trade Ledger, a …
Exim Bank Narrows Quarterly Loss by 41% but Faces Ongoing Cash Strain
Export Import (Exim) Bank of Bangladesh PLC has reported a 41% reduction in its quarterly losses, narrowing the deficit to …
Bangladesh Bank Dissolves Boards of Five Struggling Shariah-Compliant Banks
Bangladesh Bank has announced a major restructuring initiative involving the consolidation of five financially distressed Shariah-compliant banks into a single, …
Burgan Bank Türkiye Secures €25m EBRD Loan to Boost Green Projects
The European Bank for Reconstruction and Development (EBRD) has extended a €25 million green financing loan to Burgan Bank Türkiye, …
Ex-IFIC Bank MD Fined Tk 5 Crore for Fraudulent Bond Practices
In a significant move, the Bangladesh Securities and Exchange Commission (BSEC) has imposed a Tk 5 crore fine on Shah …