Under the strategic guidance of Bangladesh Bank, a transformative day-long campaign was successfully executed in Jessore to accelerate the “Cashless Bangladesh” initiative. Serving as the designated “Lead Bank” for the district, IFIC Bank PLC coordinated a series of high-impact events aimed at dismantling the traditional reliance on physical currency. The summit, held on Tuesday, 23rd […]

The external financial position of Bangladesh has received a substantial boost, with gross foreign exchange reserves successfully breaching the $28 billion mark. According to Arif Hossain Khan, the Executive Director and spokesperson for the central bank, gross reserves reached $28.04 billion on 22 December 2024. This development marks a significant shift in the country’s economic […]

The foundational structure of Bangladesh’s general insurance sector is set for a radical realignment following a definitive intervention by the Insurance Development and Regulatory Authority (IDRA). For years, the “agent commission” has been a polarising element of the industry—viewed by some as the essential engine of business growth and by others as a primary catalyst […]

The Bangladesh Insurance Association (BIA) has unveiled its comprehensive annual report for 2024, providing a detailed audit of the nation’s private insurance landscape. Presented during the association’s Annual General Meeting, the findings illustrate a sector defined by a notable dichotomy: while total assets and life funds continue to show robust expansion, premium income and investment […]