The insurance sector in Bangladesh is currently undergoing a period of rigorous transformation, dictated by the reform roadmap and loan conditions set by the International Monetary Fund (IMF). Alongside the banking sector, the insurance industry is being compelled to adopt significant changes in governance, transparency, customer service, and investment frameworks. Historically plagued by lengthy delays, […]

Following several weeks of administrative paralysis, the government has moved to regularise the operations of Sammilito Islami Bank by initiating the selection process for its top executive. This development follows a period of uncertainty regarding the governance of the institution, which was formed through a large-scale merger of five distressed Shariah-based banks. The process coincides […]

Trust Bank PLC has successfully finalised the second batch of its month-long Entrepreneurship Development Program in Saidpur, Nilphamari. Operating under the Skills for Industry Competitiveness and Innovation Program (SICIP), the initiative reflects the bank’s dedicated efforts to promote sustainable business development and empower local entrepreneurs at the grassroots level. Strategic Foundation and Implementation The training […]

Zenith Islami Life Insurance PLC has successfully processed and disbursed a death claim settlement to the designated nominee of a deceased policyholder. The formal ceremony was conducted on Saturday, 9 May, at the insurer’s branch premises located in Companiganj, Cumilla. The disbursement involved a financial settlement of 197,000 BDT, which was issued to the beneficiary […]

Financial reports for 2025 reveal a stark dichotomy in the Bangladeshi banking sector: record-breaking profits set against a backdrop of declining core business performance. Sonali Bank PLC, the nation’s largest state-owned lender, exemplifies this trend, posting a net profit of Tk1,313 crore—a 33% increase over the previous year—despite a 77% collapse in net interest income. […]