Bangladesh Bank to Issue Tk 2,500 Crore Sukuk for Rural Infrastructure Development
Bangladesh Bank is set to issue its seventh investment Sukuk, worth Tk 2,500 crore, in December to finance the Important …
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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 …
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, …