BRAC Bank Partners with BASIS for Collateral-Free Loans

BRAC Bank PLC has partnered with Pran-RFL Group to provide advanced cash management and supply chain financing solutions, enhancing financial operations and working capital optimization. The agreement was signed by Tareq Refat Ullah Khan, BRAC Bank's deputy managing director, and Uzma Chowdhury, Pran-RFL's finance director, at BRAC Bank's Gulshan office.

Al-Arafah Islami Bank PLC signed an agreement with BHT Industries Limited to provide Payroll Privilege Services (APPS) for the company’s employees. The ceremony was attended by key figures including Farman R Chowdhury, Managing Director and CEO of Al-Arafah Islami Bank, and Md Mustafizur Rahman, Chairman and Managing Director of BHT Industries.

Daffodil Computers plans to issue 4.67 crore new shares at Tk10 each to convert loans from the Daffodil Family into equity, significantly lower than the current market price of Tk63.9 per share. The decision, approved by the company's board, comes after the company failed to repay around Tk47 crore in loans, weakening its financial health.

Islami Bank Bangladesh received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue its fifth Mudaraba redeemable non-convertible subordinated bond, valued at Tk 500 crore. This follows a September 19, 2024 announcement revising the bond issuance amount.

HSBC Bangladesh and DBL Lifestyles Ltd have partnered to enhance digital payment services through HSBC’s Omni Collect solution. The collaboration enables seamless cashless payments for DBL customers by scanning QR codes at checkout.