Category: Business

Citizens Bank Opens Kawran Bazar Branch

Citizens Bank Opens Kawran Bazar Branch

Citizens Bank PLC has officially inaugurated its new Kawran Bazar sub-branch, strategically located on Kazi Nazrul Islam Avenue in the heart of Dhaka’s bustling commercial district. The launch reinforces the bank’s growing presence in the city and aims to strengthen its commitment to supporting local businesses and communities. The inauguration ceremony was presided over by […]
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MetLife Clinches Top IDRA Life Insurance Award

MetLife Clinches Top IDRA Life Insurance Award

MetLife, the American life insurance giant, has been awarded first place in the Life Insurance category at the 2025 IDRA Insurance Excellence Awards. The accolade recognises insurers based on customer satisfaction, financial stability, and service quality, highlighting MetLife’s strong market presence and commitment to client-centric services in Bangladesh. The Insurance Development and Regulatory Authority (IDRA) […]
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NCC Bank Launches Innovative ESRM Platform

NCC Bank Launches Innovative ESRM Platform

NCC Bank has taken a significant stride towards environmentally responsible and socially conscious banking with the launch of its pioneering Automated Environmental and Social Risk Management (ESRM) system. The technologically advanced platform is designed to streamline the bank’s credit evaluation process, ensuring speed, transparency, and accuracy while adhering to both international standards and local regulatory […]
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IDRA Recruitment Suspended Following Court Notice

IDRA Recruitment Suspended Following Court Notice

The ongoing recruitment process of the Insurance Development and Regulatory Authority (IDRA) has been immediately suspended after four officials filed a formal notice in court. The notice alleges that the current recruitment drive is in direct conflict with a High Court directive issued in 2023. The officials have demanded that the authority provide a written […]
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Islamic Bank Reviews Shariah Governance Framework

Islamic Bank Reviews Shariah Governance Framework

Islami Bank Bangladesh PLC has undertaken a comprehensive review of its Shariah governance framework as part of its ongoing efforts to strengthen and modernise its Shariah-compliant banking operations. The review was conducted through a key meeting of the bank’s Shariah Supervisory Committee, held on Tuesday, 27 January 2026, at Islami Bank Tower in Dhaka. The […]
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Japanese Motor Insurance Faces Intensifying Margin Pressure

Japanese Motor Insurance Faces Intensifying Margin Pressure

Japan’s motor insurance sector is confronting significant margin pressure as rising claims and heightened natural catastrophe risks increasingly weigh on long-term profitability. According to Gallagher Re’s Asia Pacific Market Watch Report of October 2025, escalating competition and rising operational costs are compressing earnings across the non-life insurance industry. Motor insurance constitutes the largest segment of […]
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Mobile Phone Insurance Market Nears $70bn

Mobile Phone Insurance Market Nears $70bn

The global mobile phone insurance market is on a strong growth trajectory and is forecast to surpass a valuation of 70 billion US dollars by 2029, reflecting fundamental shifts in consumer behaviour and technology adoption. Although still modest in size compared with the broader insurance and financial services industries, the segment is increasingly recognised as […]
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BRAC Bank Maintains Four-Year GSEC Dominance

BRAC Bank Maintains Four-Year GSEC Dominance

BRAC Bank has once again affirmed its leading position in the secondary market trading of Government Securities (GSEC), marking a consecutive fourth year of dominance. According to the latest annual report from Bangladesh Bank, BRAC Bank’s market share in the 2024–25 fiscal year rose to 17.03 per cent, a significant increase from 13.39 per cent […]
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HLIA Targets Strategic Growth in Hong Kong Insurance

HLIA Targets Strategic Growth in Hong Kong Insurance

Hong Long Insurance (Asia) Limited (HLIA) is actively pursuing an expansion of its footprint in Hong Kong’s general insurance market. According to a recent report by credit rating agency A.M. Best, HLIA is focused on growing its commercial insurance portfolio while leveraging its existing customer base to introduce new products through cross-selling in the personal […]
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Community Bank Joins National Pension Drive

Community Bank Joins National Pension Drive

Community Bank Bangladesh PLC has formally partnered with the National Pension Authority (NPA) to expand and simplify access to Bangladesh’s Universal Pension Scheme, a flagship social security initiative aimed at providing long-term financial protection for a broad cross-section of citizens. Stakeholders believe the collaboration will make the collection of monthly pension contributions more efficient, transparent […]
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