Banks need to pay higher exchange rate

An agreement between Eastern Bank Ltd (EBL) and Renaissance Dhaka Gulshan Hotel has been signed. Holders of EBL cards are eligible for exclusive perks at the hotel under this contract.

A customer benefit agreement was recently signed in Dhaka by Md Bin Mazid Khan, head of Bancassurance, Student Banking & Retail Propositions at Eastern Bank Ltd (EBL), and Noeke Kusuma, general manager of Renaissance Dhaka Gulshan Hotel. Among those present at the event were Syed Yameenul Huq, director, of Sales and Marketing of Renaissance Dhaka Gulshan Hotel, and Md Al-Amin, hotel manager and in-charge of Sales and Marketing.

Source for more insights:

The Business Standard

To make the financial system more inclusive and accessible to the public, state-owned BASIC Bank Limited introduced its “Magpie” app and client onboarding platform “BASIC i-Account,” both of which are digital platforms for banking services.

In a ceremony on Tuesday (March 14) at the bank’s headquarters in Dhaka, Sheikh Mohammad Salim Ullah, secretary, Financial Institutions Division, Ministry of Finance, inaugurated the services as the chief guest.

All financial services—including banking—are available on the app. The Magpie App offers a variety of banking services, including e-KYC based bank account opening without branch support, direct fund transfers to other banks through EFT, RTGS, and NPSB, add money, e-commerce/merchant payment, credit card bill payment, utility bill payment, ticketing and remittance service, and more. Also, the app allows you to add any card, account, or mobile banking service account, transfer money from any VISA or MasterCard, shop using a QR code, recharge your phone, instantly check your balance, pay your tuition, and get a card/account statement.

Source for more details:

The Business Standard

Padma Bank Limited is participating in the 16th edition of the Dhaka Motor Show. According to a news release, Padma Bank will have a car lending stall from March 16 to March 18 at Stall No. 25 of Hall “A” of the Bangabandhu Bangladesh-China Friendship Exhibition Center (near Kanchan Bridge). Customers who are interested in purchasing a car can stop by the stand to learn more about the application process, terms, and regulations for a Padma Bank auto loan The fair will be open for three days from 10:30 am to 8:30 pm.

Source of the news:

The Business Standard

About 1400 marginal farmers in Tungipara, the hometown of Bangladesh’s founding president Sheikh Mujibur Rahman, received agricultural loans from AB Bank Limited. The loan disbursement program was organized at Govt Sheikh Mujibur Rahman University College.

The event’s primary guest was Sheikh Abul Bashar Khair, president of the Tungipara Upazila Awami League. Mayor of the Tungipara Municipality Sheikh Tozammel Haque Tutul, general secretary of the Tungipara Upazila Awami League Md. Babul Sheikh, and head of the Patgati Union Parishad Sheikh Sukur Ahmed were in attendance as distinguished guests.

AB Bank Limited president and managing director Tarique Afzal presided over the programme.  According to him their aim is to strengthen the country’s ongoing development through this programme.

Source of the news:

The New Age

On March 12 at Zilla Shilpakala Academy, the Barishal Zone of Islami Bank Bangladesh Limited (IBBL) hosted the Agent Banking Business Growth Conference and Workshop on Prevention of Money Laundering & Terrorism Financing.

According to a news release, Md. Altaf Hossain, the bank’s deputy managing director, spoke as the conference’s chief guest. Both ASM Rezaul Karim, Senior Executive Vice President, and Abul Faiz Muhammad Kamaluddin, Deputy Managing Director, attended the program as distinguished guests.

Md. Abdus Sobhan, head of the Barishal Zone, gave a welcome statement during the event, which was presided over by AKM Mahbub Morshed, Executive Vice President.

Heads of branches and proprietors of the agent banking outlets under the zone attended the conference.

Source of the news:

The Business Insider

A new sub-branch of HSBC Bangladesh has just opened in Tejgaon I/A of the city at Level 4, Shanta Western Tower, 186 Bir Uttam Mir Shawkat Road. According to a press statement, the sub branch, which will work under the Gulshan branch, is set up to serve both retail and business clients.

Surendra Rosha, co-CEO of HSBC Asia Pacific, Zaved Akhtar, CEO of Unilever Bangladesh, Md. Mahbub ur Rahman, CEO of HSBC Bangladesh, Tanmi Haque, head of Wealth & Personal Banking (Retail Banking), and other notable clients attended the sub-opening branch’s ceremony.

Tanmi Haque, speaking about this new addition, stated that HSBC is dedicated to creating a personalized banking experience that is seamless, convenient, and reachable – for both retail and business customers. HSBC is dedicated to being a vital part of the nation’s growth story and assisting clients in achieving their financial objectives as it continues to grow and develop.

Source for more insights:

The Business Standard