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Banking & Finance


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Sammilito Islami Bank gets initial nod from BB

Bangladesh Bank has granted initial approval and issued a letter of intent to the government for the formation of Sammilito Islami Bank PLC, a new state-owned bank created through the merger of five troubled Shariah-based banks, on November 9...

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City Bank, UNICEF partner to empower marginalised youth

City Bank and UNICEF have recently announced a new partnership to equip marginalised adolescents and young people, particularly the girls with green and entrepreneurship skills under the pilot project, Skills4Youth. The partnership was formalised at a signing ceremony held recently at Dhaka, said a press release...

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Community Bank, WeGro to boost agri financing

Community Bank Bangladesh PLC has recently signed a business collaboration agreement with WeGro Technologies Limited to extend agricultural services to improve lives of farmers and agricultural micro, small, and medium-sized enterprises...

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Changing face of Taka mirrors changing Bangladesh

The history of Bangladesh’s currency—the Taka—is intricately linked with the nation’s political and economic evolution, reflecting its journey from colonial rule to independence and beyond...

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Banks in Bangladesh bleed more than they breathe

Banks in Bangladesh are bleeding more than they are breathing, as years of governance failures, unchecked corruption, and political interference have drained the sector of its core financial strength — transforming it from a driver of economic growth into a burden on the national economy...

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MFS: Reshaping financial landscape in Bangladesh

In a significant stride towards financial inclusion, mobile financial services (MFS) are reshaping the banking landscape in Bangladesh, propelling the nation closer to its dream of digital banking and cashless transactions...