Sheltech Ceramics awarded for productivity and quality

Ali Reza Iftekhar, managing director and CEO of Eastern Bank PLC, has been awarded the "C-Suite CEO of the Year 2024" in the Financial Institutions category at the Bangladesh C-Suite Awards 2024.

Eastern Bank PLC (EBL), in partnership with Mastercard, has relaunched its popular Mastercard Aqua Prepaid Card at its Gulshan head office. The redesigned ergonomic vertical card includes enhanced features like the Mastercard Flight Delay Pass, offering added benefits for travelers.

AB Bank has launched a new internet banking app, "AB Direct," allowing customers to access banking services anytime, anywhere. Additionally, the bank introduced four new products: AB Ilham, an Islamic Shariah-based deposit with attractive profits; AB Amani, a Shariah-based deposit for women offering insurance coverage; AB Shasando, a current account with interest and overdraft facilities for salaried individuals; and the Kotipoti Deposit Scheme, which enables depositors to plan their savings to become millionaires.

BRAC Bank has partnered with Seven Rings Cement to provide a suite of advanced cash management solutions via its CORPnet platform. This digital tool integrates payments, collections, and reconciliation services, offering real-time transaction processing, virtual accounts for deposit tracking, and API-enabled statement data for enhanced accuracy.

Moynul Islam, vice-chairman of Monno Ceramic Industries, has been appointed as the acting president of the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA). The decision was made during the 51st BCMEA board meeting in Dhaka.

UCB Investment Limited (UCBIL), a subsidiary of United Commercial Bank PLC, has made history by securing six awards at the FinanceAsia Achievement Awards 2024. These include two Best House Awards—Best Islamic Finance House and Best Project Finance House—covering major Asia Pacific markets, and four Best Deal Awards in South Asia, including Best IPO, Best Islamic Finance Deal, and Best Private Equity Deal, along with a commendation for Best Syndicated Loan Deal.