Managing Director & CEO of Social Islami Bank Zafar Alam held a view-exchange meeting with the senior executives at the bank’s head office on 11 August 2024. Mohammad Forkanullah, Abdul Hannan Khan & Mohammad Habibur Rahman, Deputy Managing Directors of the Bank were present at the meeting. In the meeting, the Managing Director wished the interim government success in building a new Bangladesh and hoped that stability would soon return to all areas of the country, including the banking sector. He also stated that financial sector plays a vital role in building the new Bangladesh, so he called upon the officers and employees of all levels of the bank to work with new enthusiasm while maintaining professionalism. Various action plans were discussed in the meeting to achieve the overall business goals of the bank. Managing Director and CEO Zafar Alam discussed about deposit Read more...
BRAC Bank and Gram Unnayan Karma (GUK) have again signed a strategic alliance to help farmers in remote char areas grow high-value crops using innovative agricultural technology and knowhow. The two organizations will work together as part of a specially designed Corporate Social Responsibility (CSR) initiative focused on agriculture, according to a press statement. The partnership will provide farmers of Dhunat, Bogura access to machinery and technology, enabling them to enhance harvest of cash crops including maize, jute, mustard, green chilli. Last year, the bank initiated partnership with GUK to assist farmers with high-yielding crops in Sariakandi, Bogura. Md Sabbir Hossain, Deputy Managing Director and Chief Operating Officer of BRAC Bank and Khondaker Alamgir Hossain, Executive Director of Gram Unnayan Karma inked the agreement on behalf of their respective organizations Read more...
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BRAC Bank and Gram Unnayan Karma (GUK) have again signed a strategic alliance to help farmers in remote char areas grow high-value crops using innovative agricultural technology and knowhow. The two organizations will work together as part of a specially designed Corporate Social Responsibility (CSR) initiative focused on agriculture, according to a press statement. The partnership will provide farmers of Dhunat, Bogura access to machinery and technology, enabling them to enhance harvest of cash crops including maize, jute, mustard, green chilli. Last year, the bank initiated partnership with GUK to assist farmers with high-yielding crops in Sariakandi, Bogura. Md Sabbir Hossain, Deputy Managing Director and Chief Operating Officer of BRAC Bank and Khondaker Alamgir Hossain, Executive Director of Gram Unnayan Karma inked the agreement on behalf of their respective organizations Read more...
Southeast Bank PLC. signed a Memorandum of Understanding (MOU) with “Travel Business Portal” at Bank's Head Office for providing Payment Gateway Service, Payroll Banking Service, Collection Service, Payment Services, and other Banking Services. Nuruddin Md. Sadeque Hossain, Managing Director of Southeast Bank PLC., and Md. Monzurul Alam, Proprietor of Travel Business Portal exchanged the agreement for their respective organizations. Under this agreement, employees, and executives of Travel Business Portal will get their salaries and other benefits through SEBPLC Payroll Banking Service. Travel Business Portal will also be able to collect their sales proceed through Payment Gateway and make agent payments and any kind of fund transfer through the Corporate Payment Module System from their workstation. Abidur Rahman Chowdhury, Deputy Managing Director of Southeast Bank Read more...
Asian University for Women celebrated the successful conclusion of its 2024 Summer School programme with a closing ceremony held on July 30, 2024 at the AUW campus in Chattogram, said a press release. The event was attended by distinguished guests, students, parents, media and representatives from Chevron Bangladesh. Chevron Bangladesh has been a key partner in AUW’s Summer School initiative since its launch in 2019, helping to shape its development and success. This year, from June 27 to July 25, 89 outstanding female high school students from all around Bangladesh participated in the Summer School program, which offers an intense four-week curriculum. With guidance from a group of renowned local and international teachers, the curriculum provided a thorough examination of mathematics, physics, chemistry, computer coding, and public health. The purpose of the AUW Summer Read more...
Brac Bank’s consolidated net profit after-tax (NPAT) in first six months of 2024 grew by 77% year-on -year to Tk591 crore supported by strong deposit and revenue growth. On a standalone basis, bank’s customer deposits grew by 34% on annualized basis, from Tk49,132 crore to Tk57,511 crore in the first half of 2024 and 37% increase in revenue from Tk1,510 crore to Tk2,061 crore year-on-year. On consolidated basis including all subsidiaries, the bank, registered an NPAT of Tk591 crore in the first half of 2024 compared to Tk334 crore in 2023. Brac Bank's standalone NPAT for the first half of 2024 was Tk519 crore, up from Tk303 crore in last year, registering a 71% growth. Consolidated Earnings per share (EPS) increased to Tk2.95 in H1 2024 compared to Tk1.75 in the corresponding period of 2023. The bank’s consolidated Net Asset Value (NAV) per Read more...
Brac Bank’s consolidated net profit after-tax (NPAT) in first six months of 2024 grew by 77% year-on -year to Tk591 crore supported by strong deposit and revenue growth. On a standalone basis, bank’s customer deposits grew by 34% on annualized basis, from Tk49,132 crore to Tk57,511 crore in the first half of 2024 and 37% increase in revenue from Tk1,510 crore to Tk2,061 crore year-on-year. On consolidated basis including all subsidiaries, the bank, registered an NPAT of Tk591 crore in the first half of 2024 compared to Tk334 crore in 2023. Brac Bank's standalone NPAT for the first half of 2024 was Tk519 crore, up from Tk303 crore in last year, registering a 71% growth. Consolidated Earnings per share (EPS) increased to Tk2.95 in H1 2024 compared to Tk1.75 in the corresponding period of 2023. The bank’s consolidated Net Asset Value (NAV) per Read more...
Eastern Bank PLC. (EBL), wins Euromoney Best Bank award in two categories: ‘Best Bank' and 'Best Bank for Corporate Responsibility' at the prestigious Euromoney Awards for Excellence 2024 held in London recently. EBL is the first Bangladeshi bank to receive the coveted award for the fifth time. In 2023, Eastern Bank's net profit surged by 19.6%, while its assets grew by 11.5%, showcasing the bank's resilience and strategic prowess. The bank's return on equity improved significantly to 16.3%, up from 15.5% in 2022, reflecting its strong financial health and efficient management. The retail loan segment witnessed significant growth, driven by the success of EBL's home loan and personal loan offerings. The bank made substantial inroads in the home loan market, acquiring over 6,000 new home loan clients. Similarly, the SME business loan portfolio Read more...
Eastern Bank PLC. (EBL), wins Euromoney Best Bank award in two categories: ‘Best Bank' and 'Best Bank for Corporate Responsibility' at the prestigious Euromoney Awards for Excellence 2024 held in London recently. EBL is the first Bangladeshi bank to receive the coveted award for the fifth time. In 2023, Eastern Bank's net profit surged by 19.6%, while its assets grew by 11.5%, showcasing the bank's resilience and strategic prowess. The bank's return on equity improved significantly to 16.3%, up from 15.5% in 2022, reflecting its strong financial health and efficient management. The retail loan segment witnessed significant growth, driven by the success of EBL's home loan and personal loan offerings. The bank made substantial inroads in the home loan market, acquiring over 6,000 new home loan clients. Similarly, the SME business loan portfolio Read more...
Islami Bank Bangladesh PLC and Nagad Limited signed an agreement regarding remittance services. From now, Nagad customers can connect with Islami Bank to collect remittances sent from over 200 countries around the world quickly and easily and withdraw money at lowest cash out charges. In presence of Mohammed Monirul Moula, Managing Director of Islami Bank & Tanvir A Mishuk, Executive Chairman & CEO of Nagad Limited, Miftah Uddin, Deputy Managing Director of Islami Bank and Maruful Islam Jhalak, Executive Director of Nagad signed the agreement on behalf of their respective organizations on 15 July 2024, Monday, at Islam Bank Tower. Muhammad Qaisar Ali and Md. Altaf Hossain, Additional Managing Directors, A F M Kamaluddin & Kazi Md. Rezaul Karim, Deputy Managing Directors, Mohammad Ehsanul Islam, Head of International Services Wing, Nazrul Islam, Senior Vice President, Md. Read more...
Bangladesh's multinational electronics company 'Walton Hi-Tech Industries PLC.' has received ‘National Export Trophy’'s gold crest in recognition of its outstanding contribution to the exports of electrical and electronics products during the financial year 2021-2022. A total of 77 companies in 32 product categories were awarded gold, silver and bronze crest of 'National Export Trophy' at a programme held at the Osmani Memorial Auditorium in the capital on Sunday (July 14, 2024). Among them, Walton was awarded the gold crest in the electric and electronics product export category. Attending as the chief guest, Prime Minister Sheikh Hasina handed over the gold crest of Bangabandhu Sheikh Mujib Export Trophy' to Walton Hi-Tech Industries PLC's Former Chairman and Incumbent Director S M Nurul Alam Rezvi. Tipu Munshi, president of the parliamentary Read more...
American International University Bangladesh (AIUB), a reputed private university, has been playing an important role in the field of higher education in Bangladesh. A Memorandum of Understanding (MoU) was signed between AIUB and Police Staff College Bangladesh (PSC) on 11th July 2024 at the University. This MoU will enhance education, research, and development opportunities between the two institutions. The MoU signing reflects AIUB's Academic Strategic Plan 2023-33, which aims to make Bangladesh a knowledge hub through quality education, research, and innovation. The signing of the MoU opened the door for cooperation in the field of higher education between the two institutions. Through this agreement, Bangladesh Police and their family members will receive special benefits in higher education and research at AIUB. The MoU was signed by Dr. Mallick Faqrul Islam, bpm, ppm, Rector, Read more...
