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Banks awash with savings deposit during the Covid-19 pandemic

With a large number of restaurants, boutiques, and salons closed due to the COVID-19 pandemic, many Bangladeshis lucky enough to still have an income of any kind are discovering they're actually saving money. "I'm spending way less," said Golam Morshed, 32, who works in a bank in Dhaka. "With the exception of groceries, all of my

BRAC Bank to increase access to digital financial channels for migrants and their families in Bangladesh

BRAC Bank has announced a strategic initiative aimed at improving digital financial services for Bangladeshi migrants living and working abroad.  Supported by the United Nations Capital Development Fund (UNCDF), a UN agency focused primarily on making public and private finance work for the poor in 47 least developed countries, the new

HSBC gets Kevin Green as its Country Head

The Hongkong and Shanghai Banking Corporation (HSBC) Limited has appointed Kevin Green as new country head of wholesale banking for HSBC Bangladesh. The appointment became effective from November 15, 2020, said a press release of the bank. The release said Kevin will focus on enhancing the client experience and further develop HSBC’s

Elderly, Disabled and Widow allowance through SureCash

The government is providing allowances to the elderly, the disabled and the widows across the country under the social safety net allowance program. And Rupali Bank SureCash is working as one of the top mobile banking services for the distribution of allowance money to these beneficiaries digitally. The government is strengthening the social security for the

Brac Bank wins award for the Financial Alliance for Women

BRAC Bank has again been named as the Access to Finance Champion by the Financial Alliance for Women. This is for the fourth consecutive time that BRAC Bank’s name was announced as winner in this category. The announcement came in the 2020 Alliance Summit held from October 6 to 8, 2020,

StanChart Bangladesh to issue Tk 8.50b Zero Coupon Bond

BSS Standard Chartered has received all the regulatory approvals for issuing Taka 8.50 billion Zero Coupon Bond. This would be the first Zero Coupon Bond issued by a foreign bank in Bangladesh, said a press release. It marks another pioneering transaction for the bank in Bangladesh and is an important milestone in

PREMIER BANK OPENS KALAMPUR BRANCH AT DHAMRAI

The Premier Bank Limited has recently inaugurated Kalampur Branch at Dhamrai, Savar, Dhaka to provide financial services to all. (Kalampur Bazar, Dhamrai, Savar, Dhaka). Additional Managing Director of the bank Md. Abdul Jabber Chowdhury inaugurated the ceremony by cutting ribbon and was present as Chief Guest. Md. Shahriar Rahman, Manager, Kalampur Branch

JPMorgan appoints former UK finance minister as adviser

LONDON, (AFP) US investment bank JPMorgan on Tuesday said it had appointed Britain’s former finance minister Sajid Javid as a paid senior adviser. Javid, who remains an MP in the ruling Conservative party after he resigned as Chancellor of the Exchequer in February, will join the bank’s advisory council for Europe,

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