Bangladesh Bank has dismissed the capital recovery action plans of four state-owned commercial banks — Agrani, Janata, BASIC, and Rupali — considering them unrealistic. According to the central bank, the combined capital deficit of these banks stood at approximately Tk31,000 crore as of December 2024. The banks were required to submit a five-year plan to […]

Dubai Insurance Company (DIN) reported a net insurance service result of AED 108 million ($29.4 million) for the fiscal year 2024, reflecting a slight decline from AED 123 million in 2023. The company’s combined ratio rose to 91% from 86% the previous year, indicating a moderate increase in claims and expenses relative to premiums earned. […]

In a landmark move to strengthen patient protection and professional accountability, Egypt’s Financial Regulatory Authority (FRA) has issued a resolution establishing a model policy for the Government Fund for Insurance against Risks Resulting from Medical Errors. The policy forms a critical component of a unified regulatory framework, complementing the Unified Insurance Law and the Medical […]

The investment climate in Bangladesh is expected to improve markedly following the forthcoming national election, according to Mashrur Arefin, chairman of the Association of Bankers, Bangladesh (ABB). Speaking at the Fourth Bangladesh Economic Summit 2025 in Dhaka on 29 November, Arefin noted that business sentiment is currently cautious, with firms holding back on credit and […]

Dhaka Bank PLC, in strategic partnership with Mastercard, officially launched “Spark”, Bangladesh’s first dual-currency prepaid card designed exclusively for young people, on 24 November 2025. The initiative marks a significant milestone in the country’s journey towards financial inclusion, digital banking, and youth empowerment. Targeting students and young professionals, the Spark card has been created to […]