Banking

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    EBL launches dual currency UnionPay debit, prepaid cards

    | Updated at 10:16pm on September 26, 2020

    Eastern Bank Limited has launched the country’s first dual currency UnionPay debit card and prepaid card, said a press release. Cardholders can endorse up to...

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    7 SoBs yet to disburse any loan to low-income groups in 5 months

    HM Murtuza | Updated at 10:08pm on September 26, 2020

    Seven out of the country’s eight state-owned banks are yet to disburse any loan to the low-income group of people, farmers and marginal or small...

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    EBL launches UnionPay debit, prepaid cards

    Staff Correspondent | Updated at 08:11pm on September 26, 2020

    The Eastern Bank Limited has launched dual currency Unionpay debit and prepaid cards. Cardholders can endorse up to USD $12,000 yearly travel quota limit to...

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    Nilufer re-elected Midland Bank chair, Shamsuzzaman vice-chair

    Business Desk | Updated at 10:30pm on September 25, 2020

    Nilufer Zafarullah has been re-elected chairperson and Md Shamsuzzaman vice-chairman of Midland Bank, said a press release. The board of directors re-elected them to the...

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    SJIBL holds 794th EC meeting

    Business Desk | Updated at 10:28pm on September 25, 2020

    Shahjalal Islami Bank Limited’s 794th executive committee meeting was held at its corporate head office recently, said a press release. The bank’s executive committee chairman,...

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    Prime Bank launches Neera to widen banking access for women

    Business Desk | Updated at 10:28pm on September 25, 2020

    Prime Bank has introduced a women-centric initiative called Neera to help women from all spheres of society achieve financial freedom, social progress, self-care and wellness,...

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    IMF says global economic outlook better than June prediction

    Agence France-Presse . Washington | Updated at 10:25pm on September 25, 2020

    The global economic outlook is less bleak than projected in June, an IMF spokesman said on Thursday, hinting that the organisation’s forecasts for growth will...

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    No-deal Brexit will hit even well-prepared banks: ECB

    Agence France-Presse . Frankfurt am Main | Updated at 10:23pm on September 25, 2020

    Eurozone banks have readied themselves for the shock of a nodeal Brexit, but will still suffer an economic hit, the European Central Bank’s supervisory board...

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    Samad re-elected AIBL chair, Salam vice-chair

    Business Desk | Updated at 11:25pm on September 24, 2020

    Abdus Samad Labu has been re-elected chairman and Mohammed Abdus Salam vice-chairman of Al-Arafah Islami Bank Limited, said a press release. They were re-elected to...

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    Bangladesh Bank lowers REPO rate for stock market spl fund to 4.75pc

    Staff Correspondent | Updated at 11:19pm on September 24, 2020

    The Bangladesh Bank on Thursday reduced the repurchase agreement rate to 4.75 per cent for formation of special funds by the banks for investment on...

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