The ready-made garment (RMG) sector in Bangladesh, which serves as the nation’s primary source of foreign currency earnings, is currently facing cumulative pressures from global economic slowdowns, inflation, and geopolitical volatility. This challenging environment is further compounded by a sharp decline in export credit guarantee insurance, which significantly escalates the financial risks within the country’s […]

National Life Insurance Company Limited has processed and settled the group life insurance death claims for two deceased members of the Dhaka Reporters Unity (DRU). The financial payouts were executed under the mutual group insurance policy enacted to safeguard the welfare of the organisation’s members. The formal cheque handover ceremony was conducted on Tuesday, 19 […]

Midland Bank PLC has entered into a refinance participation agreement with Bangladesh Bank for the implementation of two financing programmes designed to support cluster-based businesses and cottage, micro, small and medium enterprises (CMSMEs) in Bangladesh. The agreement relates to the BDT 3,000 crore Cluster Financing Scheme and the BDT 1,500 crore Financial Sector Fund for […]

The escalating cost of education in Bangladesh is placing an unprecedented financial burden on households nationwide. This sharp upward trend in academic expenditures is primarily driven by three structural factors: high macroeconomic inflation, an increasing urban preference for premium schooling, and the rapid expansion of the private education sector. According to research by the World […]

The Bangladesh Association of Banks (BAB) has formally appealed to the interim administration to introduce more rigorous financial legislation to recover non-performing loans (NPLs). Private bank owners stated that tougher laws are required to address structural vulnerabilities left by widespread financial irregularities under the previous political regime. The proposals were presented during an official consultative […]

Southeast Bank PLC has formally extended its financial services footprint into the unbanked and underserved segments of Bangladesh through the concurrent inauguration of 10 new agent banking outlets. Operating under the corporate brand name “Shagotom”, these newly commissioned outlets have been strategically deployed across rural and semi-urban territories within seven distinct districts: Tangail, Manikganj, Narsingdi, […]

U Fintech Limited and Protective Islami Life Insurance Limited have established a strategic alliance through the signing of a group insurance agreement. This corporate partnership is designed to expand the scope of consumer services across the digital finance and insurance sectors, enabling U Fintech policyholders to access enhanced healthcare benefits and structured insurance coverage. Contractual […]

Trust Bank PLC has executed two separate participation agreements for refinance initiatives launched by Bangladesh Bank. The credit facilities are strategically structured to accelerate the growth of Cottage, Micro, Small, and Medium Enterprise (CMSME) industrial clusters and to sustain the broader development of MSMEs throughout the country. Governance and Executive Signatories The official signing ceremony […]