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...
Southeast Bank PLC. recently conducted its “Half-Yearly Business Conference 2024” virtually. Nuruddin Md. Sadeque Hossain, the Managing Director, presided over the event. Participants included Deputy Managing Directors Md. Masum Uddin Khan and Abidur Rahman Chowdhury, Divisional Heads, Senior Executives, Heads of Branches, Uposhakha In-Charges, Branch Manager Operations, and In-Charges of the two Offshore Banking Units. At the conference, the business achievements were reviewed, and an action plan was set to continue the momentum in the future. Special emphasis was placed on providing innovative financial services leveraging the latest technology to ensure customer satisfaction. Additionally, there was a focus on bringing underprivileged communities under banking services at the grass-roots level, disbursing SME and retail loans on easy terms to promising entrepreneurs and Read more...
The Secretary of Energy and Mineral Resources Division (EMRD) of the Government of Bangladesh, Mr Md. Nurul Alam, embarked on an official visit to the Bibiyana Gas Plant in Habiganj and the Jalalabad Gas Plant in Sylhet. Both of these state-of-the-art facilities are operated by Chevron Bangladesh. Accompanying Mr Alam were Md. Humayun Kabir, Additional Secretary, EMRD, Mst. Moursheda Ferdous, Joint Secretary, EMRD, and Shahriar Al-Kabir Siddiqui, PS to Secretary. Upon arrival, the delegation from EMRD was warmly welcomed by Eric M Walker, President and Managing Director of Chevron Bangladesh. Mr Walker led the delegation on a comprehensive tour of the gas plant processing facilities, providing an in-depth overview of the operations, safety measures, and technological advancements implemented at the plants. Also present during the visit were Ryan M Ott, Operations Director, Muhammad Imrul Read more...
Social Islami Bank arranged a day-long half-yearly Business Conference on 12 July at the bank’s head office. Zafar Alam, Managing Director & CEO of the Bank, was present as Chief Guest and inaugurated the conference. Mohammad Forkanullah, Deputy Managing Director, presided over the program. Among others, Abdul Hannan Khan & Mohammad Habibur Rahman, Deputy Managing Directors, Divisional Heads and Zonal Heads were present in the the program. The Branch Managers, Sub-branch incharges along with other officers also joined the program virtually. The conference thoroughly discussed the the achivement of business target during the first half of the year and formulate plan of action for the remaining six months. Zafar Alam, MD & CEO, emphasized the significance of a collaborative approach in attaining our business targets. He further asserted that all our business indicators Read more...
Social Islami Bank arranged a day-long half-yearly Business Conference on 12 July at the bank’s head office. Zafar Alam, Managing Director & CEO of the Bank, was present as Chief Guest and inaugurated the conference. Mohammad Forkanullah, Deputy Managing Director, presided over the program. Among others, Abdul Hannan Khan & Mohammad Habibur Rahman, Deputy Managing Directors, Divisional Heads and Zonal Heads were present in the the program. The Branch Managers, Sub-branch incharges along with other officers also joined the program virtually. The conference thoroughly discussed the the achivement of business target during the first half of the year and formulate plan of action for the remaining six months. Zafar Alam, MD & CEO, emphasized the significance of a collaborative approach in attaining our business targets. He further asserted that all our business indicators Read more...
