Bank Alfalah and Bangladesh Bank Sign MoU for Green Financing

Industry: Bank, Financial
Company: Bangladesh Bank, Bank Al-Falah
Company Intelligence Tag: Partnership Insights

Bank Alfalah Bangladesh has recently entered into a memorandum of understanding (MoU) with Bangladesh Bank, focusing on green financing initiatives at reduced rates. The agreement underscores Bank Alfalah’s dedication to providing green financing options to its valued clients, supported by Bangladesh Bank. This collaboration aims to promote sustainable finance practices, encouraging investments in environmentally friendly projects and initiatives. The MoU signing ceremony, held at the Bangladesh Bank headquarters in Motijheel, signifies a joint effort to drive the adoption of eco-friendly financial solutions. Both institutions are committed to advancing the agenda of green finance, with the MoU outlining the terms for reduced-rate financing to support projects aligned with environmental sustainability goals. The presence of senior officials from both Bank Alfalah and Bangladesh Bank highlights the significance of this partnership in fostering a greener and more sustainable financial landscape in Bangladesh.

Source for more details:

Related News

Jamuna Bank Appoints Md Shahidul Islam as DMD

May 25, 2025

Md Shahidul Islam has been promoted to Deputy Managing Director of Jamuna Bank PLC, effective April 28, 2025. With over 30 years in banking, he oversees key areas like corporate, SME, retail, Islamic banking, and more. Previously with Prime Bank and Islami Bank, he holds a degree from the University of Dhaka and has undergone specialized training in multiple countries.

Rashedul Amin Named DMD of Southeast Bank

May 25, 2025

Mohammed Rashedul Amin has been promoted to Deputy Managing Director (DMD) of Southeast Bank. Previously the Senior Executive Vice President and Agrabad branch head, he joined the bank in 2019 after serving at IFIC Bank, DBBL, and One Bank.

Islami Bank Sacks MD Amid Loan Fraud Allegations

May 25, 2025

Islami Bank removed its Managing Director, Muhammad Monirul Moula, over loan irregularities revealed in an external audit. Approved by Bangladesh Bank on May 20, the decision follows Moula’s earlier three-month leave. He, along with others, faces embezzlement charges linked to Tk 109.2 crore.

Eastern Bank Declares 35% Dividend at 33rd AGM

May 25, 2025

Eastern Bank PLC declared a 35% dividend (17.5% in cash) for 2024 at its 33rd virtual AGM, chaired by Md Showkat Ali Chowdhury. Shareholders praised the bank's strong financial performance, notably its Islamic banking launch, amid economic challenges.

BB Eases Course Fee Rules

May 22, 2025

Bangladesh Bank has allowed banks to remit fees for overseas correspondence courses without prior approval. This applies to one course at a time and is intended to support professional skill development. Students can pay foreign institutions for courses like CFA or ACCA, with remittances subject to applicable tax deductions.

Premier Bank Introduces Bancassurance Services

May 22, 2025

Premier Bank PLC has officially launched its bancassurance services at its head office in Dhaka, partnering with LIC Bangladesh and Pragati Insurance Limited. The initiative, inaugurated by CEO Mohammad Abu Jafar, aims to offer integrated life and non-life insurance products through its branch network.

Related News

Jamuna Bank Appoints Md Shahidul Islam as DMD

May 25, 2025

Md Shahidul Islam has been promoted to Deputy Managing Director of Jamuna Bank PLC, effective April 28, 2025. With over 30 years in banking, he oversees key areas like corporate, SME, retail, Islamic banking, and more. Previously with Prime Bank and Islami Bank, he holds a degree from the University of Dhaka and has undergone specialized training in multiple countries.

Rashedul Amin Named DMD of Southeast Bank

May 25, 2025

Mohammed Rashedul Amin has been promoted to Deputy Managing Director (DMD) of Southeast Bank. Previously the Senior Executive Vice President and Agrabad branch head, he joined the bank in 2019 after serving at IFIC Bank, DBBL, and One Bank.

Islami Bank Sacks MD Amid Loan Fraud Allegations

May 25, 2025

Islami Bank removed its Managing Director, Muhammad Monirul Moula, over loan irregularities revealed in an external audit. Approved by Bangladesh Bank on May 20, the decision follows Moula’s earlier three-month leave. He, along with others, faces embezzlement charges linked to Tk 109.2 crore.

Eastern Bank Declares 35% Dividend at 33rd AGM

May 25, 2025

Eastern Bank PLC declared a 35% dividend (17.5% in cash) for 2024 at its 33rd virtual AGM, chaired by Md Showkat Ali Chowdhury. Shareholders praised the bank's strong financial performance, notably its Islamic banking launch, amid economic challenges.

BB Eases Course Fee Rules

May 22, 2025

Bangladesh Bank has allowed banks to remit fees for overseas correspondence courses without prior approval. This applies to one course at a time and is intended to support professional skill development. Students can pay foreign institutions for courses like CFA or ACCA, with remittances subject to applicable tax deductions.

Premier Bank Introduces Bancassurance Services

May 22, 2025

Premier Bank PLC has officially launched its bancassurance services at its head office in Dhaka, partnering with LIC Bangladesh and Pragati Insurance Limited. The initiative, inaugurated by CEO Mohammad Abu Jafar, aims to offer integrated life and non-life insurance products through its branch network.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here