Ahmed Ismet Appointed as Chairman of BDB

Trust Bank's net profit for Q3 2023 reached Tk 123.04 crore, a 3% year-on-year increase, driven by higher investment income and increased deposits. Earnings per share (EPS) rose slightly to Tk 1.33. The bank's consolidated net cash flow per share grew to Tk 24.6, thanks to more deposits than loans disbursed.

Md Anwarul Islam has officially assumed the role of Chief Executive Officer (CEO) of Agrani Bank PLC for a three-year term, as appointed by the Ministry of Finance. He joined Agrani Bank in 1988 and has held various leadership positions, including General Manager for multiple regions.

Bank Asia PLC reported a loss of Tk 103.13 crore in Q3 2024, a significant reversal from a Tk 27.74 crore profit the previous year, leading to a loss per share of Tk 0.89. The bank attributed the decline to increased provisions.

Islami Bank Bangladesh PLC has promoted six senior executive vice-presidents to deputy managing directors (DMDs). The new DMDs, each with longstanding tenure and extensive experience in various departments like international trade, special investment, training, compliance, and operations, include Mahmudur Rahman, Md Rafiqul Islam, Muhammad Sayeed Ullah, KM Munirul Alam Al-Mamoon, M Kamaluddin Jasim, and Md Maksudur Rahman.

United Commercial Bank (UCB) has compelled 40 officials, including senior executives, to resign due to alleged irregularities. The bank's management warned that further job terminations could occur, with an additional 150 officials likely facing similar actions.