Category: Economy

Financial Literacy Day Celebrated Nationwide by NCC

Financial Literacy Day Celebrated Nationwide by NCC

In a strategic effort to enhance financial inclusion across the nation, NCC Bank commemorated Financial Literacy Day 2026 with a focus on promoting secure, digital, and paperless banking. This year’s theme, “Secure Cashless Transactions Begin with Financial Literacy,” reflects the bank’s commitment to responsible, technology-driven financial services and empowering customers to adopt safer banking practices. […]
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Islami Bank Unveils Khidmah Card

Islami Bank Unveils Khidmah Card

Islami Bank Bangladesh PLC has launched the Khidmah Credit Card as part of its strategic expansion of international transaction services, aiming to provide customers with secure, seamless, and globally accepted payment solutions. The formal inauguration ceremony was held at Islami Bank Tower in the capital, attended by senior executives from the bank and its international […]
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Agricultural Insurance A Safety Net for Bangladeshs Farmers Agricultural Insurance: A Safety Net for Bangladesh’s Farmers?

Agricultural Insurance: A Safety Net for Bangladesh’s Farmers?

In the fertile yet volatile delta of Bangladesh, the agricultural sector remains the backbone of the national economy. However, this vitality is perpetually threatened by a cruel cycle of natural disasters. Every year, thousands of farmers witness their livelihoods decimated by flash floods, prolonged droughts, erratic rainfall, and devastating cyclones. For the majority who rely […]
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Bangladesh Bank Relaxes Loan Renewal Rules for Businesses Bangladesh Bank Relaxes Loan Renewal Rules for Businesses

Bangladesh Bank Relaxes Loan Renewal Rules for Businesses

In a significant move to bolster the nation’s commercial sector, the central bank of Bangladesh has announced a substantial relaxation of the regulations governing the renewal of continuous loans. This policy shift effectively reverses a stringent directive issued eight months ago, which had mandated that borrowers must settle any over-limit amounts before their credit facilities […]
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news thumbnail 1772529604322 Bangladesh Bank Unveils Wage Loan Facility

Bangladesh Bank Unveils Wage Loan Facility

The Bangladesh Bank has introduced a special term loan facility to enable export-oriented industries to pay workers’ wages on time, as mounting global and domestic economic pressures strain the country’s key export sectors. The directive was issued on Tuesday through a circular signed by Mohammad Bayezid Sarker, Director of the Banking Regulation and Policy Department […]
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Change in Leadership at Shadharon Bima Corporation

Change in Leadership at Shadharon Bima Corporation

Mohammad Zainul Bari has resigned from his position as Chairman of the state-owned Shadharon Bima Corporation (SBC), citing personal reasons. His resignation was formally submitted to the Department of Financial Institutions on Monday, 2 March, according to sources within the corporation. Mr Bari had assumed the role of Chairman on 12 September 2024, with his […]
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Hormuz Tensions Elevate Global Insurance Risks

Hormuz Tensions Elevate Global Insurance Risks

Escalating geopolitical tensions surrounding the Strait of Hormuz are sending ripples across global energy and insurance markets. The current unrest is not only affecting crude oil and natural gas prices but is also placing considerable strain on marine insurance, cargo coverage, energy-related risk policies, and the reinsurance sector. Experts suggest that this period represents a […]
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UCB Signs Strategic Partnership with Ernst & Young

UCB Signs Strategic Partnership with Ernst & Young

In a significant move to strengthen environmentally responsible initiatives within Bangladesh’s financial sector, United Commercial Bank PLC (UCB) has entered into a strategic partnership with Ernst & Young Advisory Services Bangladesh Limited (EY ASBL). This collaboration aims to enhance the bank’s carbon accounting and greenhouse gas (GHG) assessment capabilities, marking a pivotal step towards sustainable […]
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Prime Bank Unveils TapIn Sticker

Prime Bank Unveils TapIn Sticker

Prime Bank PLC has introduced a next-generation contactless sticker card branded “TapIn”, developed in collaboration with Mastercard. The innovative Near Field Communication solution has been engineered by IDEMIA, with local technological support provided by ADN Technologies Limited. The launch reflects a broader push to accelerate secure and seamless digital payments across the country. The unveiling […]
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Bangladesh Defaulted Loans Drop by 87000 Crore BDT Bangladesh Defaulted Loans Drop by 87,000 Crore BDT

Bangladesh Defaulted Loans Drop by 87,000 Crore BDT

In a significant, albeit cautious, turn of fortune for the Bangladeshi financial sector, non-performing loans (NPLs) have seen a substantial reduction over the final quarter of 2025. According to the latest data released by Bangladesh Bank, the volume of defaulted debt plummeted by 87,298 crore BDT between September and December. While this represents a moment […]
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