Meghna Bank PLC Inks Deal with Hatim Furniture

Published On November 24, 2024
3:18 pm

Total Views: 0

Industry: Alluminum, Bank, Furniture

Company: Hatim Furniture, Meghna Bank

Company Intelligence Tag: Partnership Insights

Meghna Bank PLC has signed a strategic partnership agreement with Hatim Furniture, a leading brand known for its modern and stylish collections. The memorandum of understanding, finalized on 21 November 2024 at Meghna Bank’s head office in Dhaka, introduces a Smart Pay facility. Under this initiative, Meghna Bank cardholders and employees can avail of 0% EMI from all Hatim Furniture outlets, enhancing customer convenience and affordability.

The signing ceremony was attended by senior officials from both organizations, marking a collaborative step towards customer-centric financial solutions. This partnership aligns with Meghna Bank’s commitment to innovative banking services and fostering relationships with renowned brands, reflecting its dedication to catering to the diverse needs of its clientele while promoting strategic collaborations.

Source for more details:

New Age

Padma Bank Requests Tk 1,300 Crore Bailout

December 21, 2024

Padma Bank, facing severe financial difficulties, has requested Tk 1,300 crore in liquidity support from Bangladesh Bank to repay depositors. The bank's CEO, Kazi Md Talha, stated that the application for support was made last week, but no response has been received yet.

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

December 21, 2024

The Anti-Corruption Commission (ACC) is investigating Salman F Rahman, former adviser to the PM, and Shah Alam Sarwar, former MD of IFIC Bank, for their involvement in a loan scam totaling Tk 19.07 billion. Allegations include abuse of power, irregularities, and loan disbursements without proper competition, with funds misused for five companies.

Islamic Banking Sector’s Deposits Dropped by 1.94%

December 21, 2024

The overall Islamic banking sector’s deposits dropped by 1.94% to Tk 436,667 crore by September, down from Tk 445,309 crore in June, reducing its market share to 25.08% from 25.56%. This shift reflects growing depositor preference for Islamic banking services at conventional banks amid concerns over irregularities and financial instability at fully Shariah-based institutions.

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

December 21, 2024

Trust Bank plans to expand its mobile financial service (MFS), Trust Axiata Pay (TAP), to capture a larger market share, according to a stock exchange filing. Despite TAP's small market share, the bank aims to grow its customer base nationwide.

Cash Outside Banks Falls to Tk 2.778 Trillion

December 21, 2024

Currency is flowing back into banks as rising deposit rates and improved confidence in well-performing institutions reverse a five-month cash outflow trend. Bangladesh Bank data shows currency outside the banking system fell by Tk 57.43 billion to Tk 2.778 trillion in October 2024.

Interbank Call-Money Rate Eases to 9.96%

December 19, 2024

The interbank call-money rate has slightly eased, settling at 9.96% on December 18, down from 10.10% on December 12. This drop comes after a steady rise since June 2023, when the rate was as low as 6.0%. The Bangladesh Bank’s liquidity support to Shariah-based banks has been a key factor in this recent decline.

Padma Bank Requests Tk 1,300 Crore Bailout

December 21, 2024

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

December 21, 2024

Islamic Banking Sector’s Deposits Dropped by 1.94%

December 21, 2024

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

December 21, 2024

Cash Outside Banks Falls to Tk 2.778 Trillion

December 21, 2024

Interbank Call-Money Rate Eases to 9.96%

December 19, 2024

BizData Insights

Meghna Bank PLC Inks Deal with Hatim Furniture

Related News

Padma Bank Requests Tk 1,300 Crore Bailout

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

Islamic Banking Sector’s Deposits Dropped by 1.94%

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

Cash Outside Banks Falls to Tk 2.778 Trillion

Interbank Call-Money Rate Eases to 9.96%

Related News

Padma Bank Requests Tk 1,300 Crore Bailout

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

Islamic Banking Sector’s Deposits Dropped by 1.94%

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

Cash Outside Banks Falls to Tk 2.778 Trillion

Interbank Call-Money Rate Eases to 9.96%

BIZDATAINSIGHTS

Our Solutions

Menu

Newsletter

BizData Insights

Meghna Bank PLC Inks Deal with Hatim Furniture

Related News

Padma Bank Requests Tk 1,300 Crore Bailout

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

Islamic Banking Sector’s Deposits Dropped by 1.94%

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

Cash Outside Banks Falls to Tk 2.778 Trillion

Interbank Call-Money Rate Eases to 9.96%

Related News

Padma Bank Requests Tk 1,300 Crore Bailout

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

Islamic Banking Sector’s Deposits Dropped by 1.94%

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

Cash Outside Banks Falls to Tk 2.778 Trillion

Interbank Call-Money Rate Eases to 9.96%

BIZDATAINSIGHTS

Our Solutions

Menu

Newsletter

BUSINESSMONITOR