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Category: Economy

Rural Bangladesh Drives Growth as Agent Banking Deposits Surge

Rural Bangladesh Drives Growth as Agent Banking Deposits Surge

GLive24.com DeskAugust 16, 2026
Agent banking has firmly established itself as a vital conduit for financial inclusion across Bangladesh, successfully bridging the traditional divide between formal banking institutions and unbanked populations. According to the latest quarterly report released by Bangladesh Bank, the sector recorded substantial growth by the end of June, propelled largely by robust participation from rural communities. […]
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BRAC Bank Delivers Landmark H1 2026 Financial Results

BRAC Bank Delivers Landmark H1 2026 Financial Results

GLive24.com DeskAugust 16, 2026
BRAC Bank Limited has recorded a stellar financial performance for the first half of 2026, delivering substantial growth across its operating metrics, balance sheet expansion, and profitability. The results demonstrate the institution’s robust business model, heightened operational efficiency, and strict adherence to sound governance principles amidst a competitive banking landscape. The financial breakdown presented below […]
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Nagad and Citizens Bank Partner to Boost Digital Banking Services 2 Nagad and Citizens Bank Partner to Boost Digital Banking Services

Nagad and Citizens Bank Partner to Boost Digital Banking Services

GLive24.com DeskAugust 15, 2026
Bangladesh Post Office’s mobile financial service, Nagad, has signed a strategic partnership agreement with Citizens Bank PLC to enhance financial transactions nationwide. Under the agreement, both institutions will expand operations across Trust-cum-Settlement Accounts, Add Money features, inbound remittance processing, and interbank transactions through the National Payment Switch Bangladesh (NPSB). The signing ceremony took place at […]
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China Offshore Tax Awareness Slows Hong Kong Financial Sales 1 China Offshore Tax Awareness Slows Hong Kong Financial Sales

China Offshore Tax Awareness Slows Hong Kong Financial Sales

GLive24.com DeskAugust 15, 2026
Growing awareness of China’s existing taxation framework governing overseas investment income is set to introduce temporary volatility across Hong Kong’s banking and insurance sectors. A fresh assessment by credit ratings agency S&P Global Ratings indicates that wealth management providers in the territory face a near-term cooling in sales as mainland Chinese clients pause to evaluate […]
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Taka Exchange Rates Against Major Currencies on 15 August Taka Exchange Rates Against Major Currencies on 15 August

Taka Exchange Rates Against Major Currencies on 15 August

GLive24.com DeskAugust 15, 2026
Foreign exchange rates remain important for Bangladeshis involved in remittances, international trade, overseas education, medical treatment and travel. Movements in the value of the taka against major global currencies can directly affect the cost of imported goods, tuition fees, foreign travel, business payments and the amount received by families from relatives working abroad. On Saturday, […]
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Saudi Arabia Leads as Monthly Remittances Reach 2.85 Billion Dollars Saudi Arabia Leads as Monthly Remittances Reach 2.85 Billion Dollars

Saudi Arabia Leads as Monthly Remittances Reach 2.85 Billion Dollars

GLive24.com DeskAugust 14, 2026
Non-resident Bangladeshis channelled 2.858 billion US dollars in remittances during July, the opening month of the 2026–27 financial year. The encouraging surge in formal banking transfers provides much-needed support to the country’s foreign exchange reserves and broader macroeconomic stability. Data released by the Statistics Department of Bangladesh Bank reveals that the vast majority of these […]
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Bangladesh Bank Cancels Chief Economists Remaining Contract Bangladesh Bank Cancels Chief Economist’s Remaining Contract

Bangladesh Bank Cancels Chief Economist’s Remaining Contract

GLive24.com DeskAugust 13, 2026
Bangladesh Bank has cancelled the remaining term of Chief Economist Mohammad Akhtar Hossain’s contractual appointment, bringing his tenure to an early end. The decision was announced in a notification issued on Wednesday by the central bank’s Human Resources Department-1. According to the notice, the remaining period of Hossain’s contractual appointment as chief economist will be […]
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