Eastland Insurance Appoints Mohammed Salim as CEO

LankaBangla Finance PLC., a prominent financial institution in Bangladesh, has upgraded to the latest Payment Card Industry Data Security Standard (PCI DSS, Version 4) certification, endorsed by major card brands like VISA and Mastercard. This achievement highlights the company's commitment to stringent payment card security,

Islami Bank Bangladesh PLC has emerged as Bangladesh's largest lender by total deposits, surpassing Sonali Bank PLC for the first time despite recent challenges with financial scams. In 2023, Islami Bank attracted deposits amounting to Tk 153,456 crore, marking a 9 percent year-on-year increase. Sonali Bank, the largest state-run lender, gathered deposits worth Tk 150,606 crore, reflecting a 6 percent rise according to financial reports.

Abdul Hai Sarker has been re-elected as chairman of Dhaka Bank PLC for the next two years, as announced in a recent press release. He is a prominent figure in Bangladesh's banking sector, known for his founding role in Dhaka Bank PLC and his contributions to various business and industry associations.

BRAC Bank has launched the "VISA Platinum Flexi Credit Card" targeting youth and young professionals seeking to enhance their lifestyle. This new credit card offers a range of benefits including discounts at Gadget & Gear, ShareTrip, Artisan, Six Seasons Hotel, and Dera Resort & Spa. It prioritizes convenience with features like contactless technology for easy transactions and bonus reward points on POS and e-commerce transactions, particularly on Fridays. The card also includes options for converting purchases to zero-interest EMI plans and accessing over 1,100 international lounges through Loungekey. With these offerings, BRAC Bank aims to support the evolving needs and aspirations of the next generation, facilitating both personal and professional achievements.

The Bangladesh Bank has implemented a significant tightening measure by reducing the frequency of REPO auctions from five days a week to just two — Mondays and Wednesdays. This decision aims to strengthen the money market, enhance currency management, and control inflation and non-performing loans (NPLs).

Sandhani Life Insurance has declared a 12% cash dividend for 2023, maintaining the same rate as the previous year. The company's board of directors made the announcement at a meeting held. The annual general meeting to approve the dividend is scheduled for 25 September, with a record date set for 29 July.