Eastern Bank PLC.(EBL) received four accolades at Mastercard Excellence Awards 2024. The bank was awarded for excellence in Business (Innovation), Credit Business (Domestic), POS Acquiring Business, and Online Acquiring Business categories for 2023-24. Ali Reza Iftekhar, Managing Director and CEO, EBL received the award trophies from Dr. Ahsan H. Mansur, Governor of Bangladesh Bank, at a ceremony held on Saturday, November 16 at the Radisson Blu Water Garden Dhaka. M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking; Ahsan Ullah Chowdhury, Head of Digital Financial Services; Tasnim Hussain, Head of Cards; Faisal M. Fathe - Ul Islam, Head of M-Commerce and E-Commerce and others from EBL were present on the occasion. Mastercard introduced the Excellence Awards in 2019. The sixth edition of the awards themed “Leading by Resilience” Read more...
Eastern Bank PLC.(EBL) received four accolades at Mastercard Excellence Awards 2024. The bank was awarded for excellence in Business (Innovation), Credit Business (Domestic), POS Acquiring Business, and Online Acquiring Business categories for 2023-24. Ali Reza Iftekhar, Managing Director and CEO, EBL received the award trophies from Dr. Ahsan H. Mansur, Governor of Bangladesh Bank, at a ceremony held on Saturday, November 16 at the Radisson Blu Water Garden Dhaka. M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking; Ahsan Ullah Chowdhury, Head of Digital Financial Services; Tasnim Hussain, Head of Cards; Faisal M. Fathe - Ul Islam, Head of M-Commerce and E-Commerce and others from EBL were present on the occasion. Mastercard introduced the Excellence Awards in 2019. The sixth edition of the awards themed “Leading by Resilience” Read more...
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Eastern Bank PLC.(EBL) received four accolades at Mastercard Excellence Awards 2024. The bank was awarded for excellence in Business (Innovation), Credit Business (Domestic), POS Acquiring Business, and Online Acquiring Business categories for 2023-24. Ali Reza Iftekhar, Managing Director and CEO, EBL received the award trophies from Dr. Ahsan H. Mansur, Governor of Bangladesh Bank, at a ceremony held on Saturday, November 16 at the Radisson Blu Water Garden Dhaka. M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking; Ahsan Ullah Chowdhury, Head of Digital Financial Services; Tasnim Hussain, Head of Cards; Faisal M. Fathe - Ul Islam, Head of M-Commerce and E-Commerce and others from EBL were present on the occasion. Mastercard introduced the Excellence Awards in 2019. The sixth edition of the awards themed “Leading by Resilience” Read more...
Global electronics brand 'Walton' has secured the ‘Gold Award' from the South Asian Federation of Accountants (SAFA) for the third times. For its ‘Best Presented Annual Reports 2023’, Walton Hi-Tech Industries PLC. was honoured by SAFA’s with ‘Joint Gold Award’ in the manufacturing category. On November 11, 2023, a splendid award giving ceremony titled 'SAFA Best Presented Annual Report Awards’, ‘Integrated Reporting Award’ and ‘SAARC Anniversary Award’ was held at Hotel Cinnamon Lakeside in Colombo, Sri Lanka. In the function, Walton Hi-Tech’s Additional Managing Director (AMD) and Chief Financial Officer Md. Ziaul Alam, FCA, ACA (ICAEW) and Deputy Company Secretary Md. Enamul Haq, FCS, received the ‘Gold Award' from SAFA's President Heshana Kuruppu. The award giving Read more...
As the lead bank, Eastern Bank PLC (EBL) hosted a financial literacy and open cheque distribution program at the Royal Palace Convention Hall in Narsingdi on November 12. This event was organised as part of Bangladesh Bank's Financial Literacy Programme. A total of 15 cheques were distributed to selected beneficiaries from various banks, underscoring the industry's commitment to empowering individuals through financial access. The program was attended by 26 bank managers and representatives, along with 150 guests, all joining to support the mission of financial education and responsible banking. Md Iqbal Mohasin, Director of Bangladesh Bank's Financial Inclusion Department, was the chief guest on the occasion and shared valuable insights and guidance on financial literacy. M. Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking at EBL was the event's Read more...
Southeast Bank PLC. proudly received three prestigious honors at the Mastercard Excellence Awards-2024 in 1. Online Acquiring Business, 2. Credit Business (Domestic) and 3. Business (innovation) categories. Nuruddin Md. Sadeque Hossain, Managing Director of Southeast Bank PLC., received the Awards from Dr. Ahsan H. Mansur, Governor of the Bangladesh Bank. Syed Mohammad Kamal, Country Manager, Mastercard Bangladesh, Senior management from leading banks, fintech companies, merchants and industry leaders participated, adding to the significance of the occasion. Md. Abdus Sabur Khan, Senior Executive Vice President, Kazi Saiful Islam, Vice President, Md Fakrul Islam, Senior Vice President, Md. Abidur Rahman, First Assistant Vice President, Md. Nadir Hossain, Executive Officer of Southeast Bank PLC. along with other distinguished guests were also present in the ceremony. Southeast Bank Read more...
Shahjalal Islami Bank PLC won First Prize (Gold Award) in “ICMAB Best Corporate Award-2023” for the performance of various indicators based on Annual Reports-2023. The Institute of Cost and Management Accountants of Bangladesh (ICMAB) awarded the First Prize (Gold Award) to Shahjalal Islami Bank PLC in the Private Commercial Bank (Islamic Operation) category on 14th November 2024 at the Pan Pacific Sonargaon Hotel in the capital with a ceremony. The Managing Director of Shahjalal Islami Bank PLC Mosleh Uddin Ahmed received the award from Dr. Salehuddin Ahmed the Adviser, Ministry of Finance, Government of the People's Republic of Bangladesh. While receiving the award the Adviser, Ministry of Commerce Sk. Bashir Uddin, the Company Secretary of Shahjalal Islami Bank PLC Md. Abul Bashar and the Chief Financial Officer (CFO) of the Bank Md. Jafar Sadeq, FCA were also present. Among Read more...
BRAC Bank's consolidated Net Profit After-Tax (NPAT) registered a growth of 74% year-on-year (YoY) and reached TK 1,011 crore during the first nine months of 2024. On a standalone basis, the bank registered an NPAT growth of 64%, posting TK 827 crore. The bank sustained its growth trend and delivered a 26% annualised growth in its balance sheet. While the bank's customers' deposits grew by 34% (annualised) to reach TK 61,602 crore, the lending book recorded a growth of 14% (annualised) and stood at TK 57,413 crore at the end of September 2024. Driven by growth in both business and investment, both funded and non-funded income also grew significantly, registering a 35% YoY growth in overall revenue. Along with business growth, significant improvement in portfolio quality was ensured, resulting in the non-performing loan (NPL) ratio coming down to 2.80% in September 2024 Read more...
Mustafa Rafiqul Islam Duke has been appointed as the managing director of privately owned land phone Dhaka Telephone Company Limited (DTCL). At the same time, ATM Hayatuzzaman Khan became the chairman of the company. On Monday (November 4), the company's board of directors decided to appoint a new MD and chairman. This appointment will bring Dhaka Phone, the company's main business, to the light of day. Mustafa Rafiqul Islam Duke said, we will actively work to lower both voice and internet prices according to consumer needs. The company announced this information in a press release on Tuesday. Dhaka Phone started operations in the Chittagong and Sylhet zones in 2006 and in the capital, Dhaka, in 2007 as the first private-sector fixed-line operator. Mustafa Rafiqul Islam Duke was the director of Dhaka Telephone Company Limited from its inception. He holds BSc and MSc in Computer Read more...
With a presence in 78 thanas, 806 road coverage, several employees, and a growing number of green hubs in multiple areas across Bangladesh, the steadfast growth is jaw-dropping. This is how PriyoShop is thriving. PriyoShop doesn’t measure success but rather thrives for continuous success for the MSMEs. Pursuing the mission, PriyoShop reaches every corner of the country, bringing essential products and services directly to MSMEs from the finest brands residing in Bangladesh and helping them grow like never before from 2021. PriyoShop’s journey is rooted in strengthening the backbone of Bangladesh’s economy—its MSMEs. By forming direct, meaningful relationships with local businesses, PriyoShop creates real opportunities for growth, driving business success where it matters most. Through this approach MSMEs gain access to larger markets, efficient logistics and financial Read more...
On November 2, 2024, American International University-Bangladesh (AIUB) hosted the “Cisco IoT Hackathon 2024” in its campus at Kuratoli, Khilkhet, Dhaka. This day-long event brought together 125 talented programming teams from educational institutions across the country. From this remarkable pool of innovative minds, 20 teams advanced to the final competition round, where they presented their projects to a distinguished panel of judges. Following a rigorous evaluation, the judges awarded prizes to the top three teams for their exceptional projects. The first prize of 50,000 BDT was awarded to Team Underrated—comprising Md. Shakil Hossain, Mahin Shikder, Kamrul Islam, and Safid Hasan—for their outstanding project, "Smart Farm Management System Using IoT for Enhanced Agricultural Productivity and Disaster Mitigation," which impressed the judges with its Read more...
BGMEA University of Fashion & Technology (BUFT) proudly hosted the Shaheed Selim BUFT National Debate Competition 2024, an inspiring three-day event organized by the BUFT Debate Club, drawing 64 teams from colleges and universities nationwide. Held on November 1 and 2, the competition culminated in a thrilling Final Round and Closing Ceremony on November 4, where a memorandum of understanding was signed to establish the Shafiuddin-Tasrifa Scholarship Fund, backed by a generous Tk 50 lakh donation honoring the parents of the BUFT Board of Trustees Chairman. Notable attendees included the program chair, Mr. Faruque Hassan, Chairman of the BUFT Board of Trustees (BoT), Former President of BGMEA, and Managing Director of Giant Group, along with Syeda Rizwana Hasan, Advisor for Environment, Forest, and Climate Change to the Interim Government of Bangladesh, who served as the Chief Guest. Read more...
