Maulana Zahirul Islam, a candidate for the Chattogram-16 (Banshkhali) constituency and Assistant Secretary of the Chattogram South District Jamaat-e-Islami, has stated that if Jamaat-e-Islami forms the government, they will reinstate all employees who were dismissed from Islami Bank in Banshkhali, along with clearing their pending salaries and dues. He made this statement during a meeting […]

Over Tk 549 crore has been sitting idle for more than a year in an account belonging to a suspected shell company linked to the S Alam Group. However, both investigators and officials from Islami Bank are unable to trace the account holder. The account, named “Top Ten Trading House,” was opened on April 13, […]

The banking sector in Bangladesh will require at least five to ten years to recover from the mounting crisis of non-performing loans (NPLs), said Bangladesh Bank Governor Ahsan H. Mansur today. Speaking at an economic conference held at the Pan Pacific Sonargaon in Dhaka, he highlighted that the true scale of bad loans has only […]

The Governor of Bangladesh Bank, Ahsan H. Mansur, has confirmed that preparations to form a new and stronger bank by merging five of the country’s weak banks are nearly finalised. The Governor explained that this initiative is being implemented under the Bank Resolution Ordinance. The new bank is expected to begin operations next week. Ahsan […]

These days, fake banking apps are so well-designed that they can easily deceive anyone at first glance. A shiny icon on the Play Store, a name similar to a real bank, and thousands of five-star ratings often make them appear legitimate. However, once someone installs these apps, they silently steal passwords, OTPs, and account details. […]

Piraeus Bank SA has successfully wrapped up its massive €600 million cash purchase of Ethniki Holdings Sarl, the owner of the hugely popular Ethniki Insurance. The deal, equivalent to approximately £515 million ($695 million), was officially completed after Piraeus secured the necessary shares from the sellers: global investment firm CVC Capital Partners Fund VII and […]