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 […]

Munich Re Specialty Group (MRSG) is making a bold entrance into the Australian market, a strategic initiative driven by the aim of capitalising on the growing Asia-Pacific demand for specialist insurance products. This expansion is considered a watershed moment for the German reinsurance firm. The firm has successfully recruited Chris Mackinnon, a highly regarded senior […]

New data from Munich Re, one of the world’s largest reinsurance companies, has delivered a stark warning: eight of the ten largest industrial nations are now incurring significantly higher costs from weather-related disasters compared with the 1980s, when measured relative to their national income. The findings, first reported by Reinsurance News, underscore the growing economic […]

2025 will go down in aviation‑insurance history as the year turbulence hit where it really hurts: the bottom line. A chain of costly airline disasters — from passenger flights at Jeju Airlines and Air Busan to major incidents at American Airlines and Air India — plus two separate cargo‑plane debacles, have battered insurers with massive […]

In a stunning display of growth, Uzbekistan’s insurance sector has recorded a 39% rise in total premiums during the first nine months of 2025, reaching 9.8 trillion Uzbekistani soms — about $823 million — as reported by the National Agency for Prospective Projects. That alone would be impressive. But what’s more striking is how this growth is […]

Shares in China Taiping Insurance Holdings plunged nearly 8% on 27 November after a fire at the densely populated Wang Fuk Court in Tai Po, Hong Kong. The building complex — home to more than 4,600 residents living across 2,000 apartments — was engulfed in flames, killing at least 55 people, with nearly 300 still unaccounted […]