IFIC Bank And Exim Bank stop mobile banking

IFIC Bank And Exim Bank Ltd have closed all their MFS (Mobile Financial Services) accountsThe Export Import Bank of Bangladesh (Exim Bank) and IFIC Bank have closed their mobile banking services due to poor customer service, following an instruction from Bangladesh Bank.According to Bangladesh Bank data from January this [...]

SIBL will become a top ranking bank in the next few years

Social Islami Bank Limited (SIBL) is the country’s second generation shariah-based bank. This bank commemorated its 24th anniversary on Friday. The bank’s ownership and management underwent a big change in 2017. The bank’s managing director and CEO Kazi Osman Ali talked about the present state of the bank and [...]

New top brass for Shahjalal Islami Bank

Md Towhidur Rahman has recently been elected as the chairman of Shahjalal Islami Bank.The bank also elected Mohiuddin Ahmed and Md Harun Miah as vice chairmen.The bank said in a statement yesterday. Rahman obtained an engineering degree from Europe. He is the chairman and managing director of Fresh Foods Ltd [...]

BSEC approves Standard Bank’s subordinated bond of Tk500cr

The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday approved a fully redeemable Non-convertible Subordinated Bond of Tk500 crore in favour of Standard Bank Limited. The purpose of the issuance is to strengthen the capital base (Tier-2) of the company.The approval was given its headquarters at a commission meeting.Where BSEC [...]

SBAC Bank to reach rural people through community banking

The amount of deposits of the bank stood at Tk6,000 crore.The amount of loans and advances stood at Tk5,000croreFourth generation South Bangla Agriculture and commerce (SBAC) Bank wants to reach rural people through community banking.SBAC Bank Managing Director and CEO Md Golam Faruque said in a program marking the [...]

Shimanto Bank listed as scheduled bank

A circular of Bangladesh Bank yesterday said Shimanto Bank has been listed as the scheduled bank from July 21.The new commercial bank came into being for the welfare of Border Guard Bangladesh (BGB) members.Earlier in January this year, the bank got the nod from the central bank to operate [...]

Banking sector faces Tk17,659cr capital shortfall

During July to September quarter of 2019, the capital shortfall of the banking sector rose by Tk1,657.34 crore, compared to the previous quarterThe banking sector is facing acute capital shortfall as the growing non-performing loans are forcing them to keep a large amount of provision, which ultimately is weakening [...]

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