Southeast Bank inaugurates 10 agent banking outlets

Prime Bank PLC posted a notable profit of Tk 131.34 crore in the January-March quarter of the current financial year, marking a 26 percent increase from Tk 104.17 crore in the same period of 2022-23. This growth led to consolidated earnings per share (EPS) of Tk 1.16 in Q3 of 2023-24, compared to Tk 0.92 in the corresponding quarter of FY23, driven by increased income from net interest and investment, as reported

Idex Biometrics is extending its reach in Asia by supplying fingerprint biometric technology for payment cards to Mutual Trust Bank (MTB) in Bangladesh. The cards, based on Idex Pay solution, aim to attract new customers and enhance card usage among existing ones, fostering financial empowerment in Bangladesh.

Prof MA Baqui Khalily, a renowned academician and economist, has been elected as the chairman of the board audit committee of Bank Asia PLC. He also serves as an independent director of the bank. With a distinguished career spanning over 37 years, Prof Khalily previously taught at the University of Dhaka's Department of Finance and held administrative roles including Acting Vice-Chancellor at Presidency University. He earned his degrees from the University of Dhaka and Ohio State University, specializing in Finance and Development. Prof Khalily's expertise and experience make him a valuable addition to Bank Asia PLC's leadership team. Currently, he serves as Professor and Dean of the School of Business at the University of Asia Pacific.

The High Court has temporarily halted the appointment of an administration by IDRA at Sonali Life Insurance Company, responding to a writ petition filed by the insurance company. This decision comes after an audit conducted by IDRA, based on a report submitted by former CEO Rashed Bin Aman, which led to allegations of corruption, forgery, and ethical misconduct.

Syed Mahbubur Rahman, Managing Director and Chief Executive Officer of Mutual Trust Bank PLC (MTB), has been awarded the 'Best Transformational Leader' by the International Business Magazine. This recognition highlights Rahman's innovative leadership and dedication in a competitive industry.

The liquidity crisis in Bangladesh's banking sector persists even after Eid-ul-Fitr, with two-thirds of banks borrowing from the central bank to meet daily transactions, totaling Tk 18,612 crore on a recent. The crisis, ongoing for over a year, intensified before Eid-ul-Fitr, with record borrowing reaching Tk 28,867 crore on March 27.