Al-Arafah Islami Bank and Star Tech Sign Agreement

The Bangladesh Securities and Exchange Commission (BSEC) has frozen 117 beneficiary owner (BO) accounts allegedly linked to Beximco Ltd’s owners following a request from the Bangladesh Financial Intelligence Unit (BFIU). On November 14, the BSEC instructed the Chittagong Stock Exchange to gather KYC forms and portfolio statements of these accounts within three days.

Prime Bank PLC has entered into a banking services agreement with Kashpia Group, enabling the latter’s employees to access preferential services such as credit cards and loan facilities. The agreement, signed at the bank's corporate office in Dhaka on November 20, also includes access to PrimePay, Prime Bank's digital portal for automated salary disbursement and round-the-clock corporate payment solutions.

Midland Bank PLC and BP Manufacturing (BD) Co. Ltd. recently signed a Memorandum of Understanding (MoU) at BP Manufacturing’s headquarters in Uttara EPZ, Nilphamari.

Bangladesh Bank (BB) will tighten loan classification rules by March 2025 to align with International Monetary Fund conditions. The move could double the current defaulted loan figure of Tk 2,84,977 crore recorded in September, already the highest in South Asia at nearly 17% of total disbursed loans.