Business Archives - TheStatement24

Jul92026 by Statement DeskNo Comments

BRAC Bank Secures EUR 60 Million EIB Facility to Accelerate Bangladesh’s Green Transition

BRAC Bank has secured a landmark EUR 60 million long-term financing facility from the European Investment Bank (EIB), marking the longest-tenor funding ever extended by a development finance institution to a commercial bank in Bangladesh. Arranged through BRAC Bank's Offshore Banking Unit, the 12-year facility will expand access to long-term green financing, enabling businesses to accelerate sustainable investments and strengthen Bangladesh's transition towards a greener economy. The financing will support businesses, particularly in the ready-made garment and textile sectors, to invest in circular economy initiatives, renewable energy, energy efficiency and sustainable waste management. As one of Bangladesh's largest export industries, the sector stands to benefit from increased acc...

Jul82026 by Statement DeskNo Comments

Uber Launches in Sylhet

Breaking News, Business

Uber, Bangladesh's leading ridesharing app, yesterday announced the launch of its services in Sylhet, marking another milestone in the company's continued expansion across the country. Starting today, residents and visitors can request rides through the Uber app, while drivers in the city will have access to flexible earning opportunities. The launch brings Uber's reliable, convenient, and affordable mobility solutions to one of Bangladesh's fastest-growing cities, making it easier for people to move around Sylhet while supporting local economic opportunity through flexible work. As one of Bangladesh's fastest-growing cities and a key hub for tourism, education, and commerce, Sylhet continues to see growing demand for dependable transportation. Uber's launch in the city will help mak...

Jul82026 by Statement DeskNo Comments

BRAC Enterprises inaugurates Greenpak factory

Breaking News, Business

BRAC Enterprises has inaugurated its Greenpak factory in the Tongi Industrial Area of Gazipur, marking a significant step towards advancing environmentally friendly and sustainable packaging solutions in Bangladesh. The facility has the capacity to produce 300–350 metric tonnes of eco-friendly, biodegradable packaging annually. Unlike conventional plastic, the biodegradable products manufactured at the factory naturally decompose within six months. The Greenpak factory was formally inaugurated on Tuesday, 7 July 2026, by Tamara Hasan Abed, Managing Director of BRAC Enterprises. Speaking at the inauguration, Tamara Hasan Abed said, "At BRAC Enterprises, we believe business is not only a driver of economic growth but also a powerful force for positive social and environmental change. G...

Jul72026 by Statement DeskNo Comments

Early Exposure to Sports, Education, and Mentorship Key to Building Confidence, Study Finds

Breaking News, Business

A new multinational study from MetLife reveals a striking “confidence gap”: while most adults describe themselves as resilient, their confidence drops by 72% when faced with real-life setbacks. The Confident Pathways Report, conducted across the United States, United Kingdom, Japan, and Mexico, was designed to better understand how confidence is built and sustained throughout life. The findings underscore the role of opportunity, preparedness, and support in building confidence, factors that help people navigate uncertainty, recover from setbacks, and pursue their goals. Commenting on the report, Ala Ahmad, Chief Executive Officer, MetLife Bangladesh, said: “As the world comes together during the ongoing Football World Cup, it is a powerful reminder of how important sports are in sha...

Jul72026 by Statement DeskNo Comments

Banglalink Partners with Winrock International to Empower Survivors of Human Trafficking

Breaking News, Business

Banglalink, the country's leading digital operator, has partnered with US-based nonprofit Winrock International through the Ashshash project, which is supported by the Embassy of Switzerland in Bangladesh, to create sustainable livelihood opportunities for survivors of human trafficking through the Banglalink Power application. The partnership will enable participants to use the platform to offer digital recharge and related services while promoting the safe and responsible use of digital tools. To formalize the initiative, Banglalink and Winrock International recently signed a Memorandum of Understanding (MoU) at Tiger's Den, Banglalink's headquarters in Dhaka. The MoU was signed by Muhammad Mehedi Hasan, Sales and Distribution Director of Banglalink, and Dipta Rakshit, Country Repr...

Jul72026 by Statement DeskNo Comments

BRAC Bank recognises 25 most impactful institutions in Bangladesh on its silver jubilee

Breaking News, Business

BRAC Bank has marked its 25th anniversary with a landmark initiative to recognise the 25 Most Impactful Institutions in Bangladesh - celebrating institutions whose contributions have transformed lives, strengthened communities, and advanced socioeconomic progress. Widely regarded as a first-of-its-kind corporate recognition initiative in Bangladesh, the programme honours institutions that have demonstrated exceptional commitment to public welfare, and national development. The recognition forms part of BRAC Bank’s silver jubilee celebrations and reflects the bank's enduring commitment to the values of service, integrity, inclusion, and positive social impact championed by its founder, Sir Fazle Hasan Abed. The honoured institutions have made outstanding contributions across health...

Jul62026 by Statement DeskNo Comments

Zahidul Haque is the new DMD of National Bank

Breaking News, Business

Mr. Zahidul Haque joined National Bank PLC as Deputy Managing Director on July 2, 2026. Before joining National Bank, Mr. Haque served as Senior Executive Vice President & Chief Information and Technology Officer (CITO) at Eastern Bank PLC, where he spent 15 years building and scaling one of the most capable technology organizations in Bangladesh's banking sector. What distinguishes Mr. Haque is the breadth of his banking experience beyond technology. At EBL, he held progressive leadership roles including Head of Alternative Distribution Channels, Head of Digital Banking & Payments, and Head of Liability and Wealth Management, giving him a holistic command of retail banking business, customer strategy, and revenue generation. Mr. Haque joins National Bank with over 26 years o...

Jul52026 by Statement DeskNo Comments

PriyoShop Accelerates Coca-Cola Retail Distribution through Operational Excellence

Breaking News, Business

PriyoShop, Bangladesh’s leading retail infrastructure platform serving MSMEs in emerging markets, has been successfully managing Coca-Cola’s retail distribution operations in the Turag region for over a month. Leveraging its technology-driven supply chain and extensive retailer network, PriyoShop continues to enhance product availability, improve distribution efficiency, and strengthen last-mile execution across Turag, Uttara, and surrounding areas. The PriyoShop and Coca-Cola strategic collaboration brings together Coca-Cola’s trusted beverage portfolio and PriyoShop technology-enabled distribution infrastructure, with a strong focus on operational efficiency, consistent market execution and sustainable commercial growth. PriyoShop has built an extensive distribution network connect...

Jul42026 by Statement DeskNo Comments

BRAC Bank celebrates 25th anniversary with exclusive offers for customers

Breaking News, Business

BRAC Bank has unveiled a range of exclusive offers for the valued customers to mark its 25th anniversary, celebrating the trust and loyalty of the millions of customers who have been part of the bank's journey over years. As part of its Silver Jubilee celebrations, the bank is offering a 25% waiver on SME loan processing fees for all eligible SME loan applications submitted throughout July 2026. Selected debit and cardholders will also enjoy a premium dining campaign featuring an exclusive 'Buy 1, Get 3 Free' buffet dinner offer at leading hotels, including Crowne Plaza Dhaka Airport, InterContinental Dhaka, Radisson Blu Chattogram Bay View, Sheraton Dhaka, and The Westin Dhaka. The offer will be available from 3 July to 5 July 2026 on selected BRAC Bank cards. The anniversary ini...

Jul32026 by Statement DeskNo Comments

BRAC Bank Wins ‘Best Financial Inclusion and Social Impact Initiatives – SME Award’

Breaking News, Business

BRAC Bank has been honoured with the 'Best Financial Inclusion and Social Impact Initiatives – SME' award at the International Finance Awards 2026. The award was conferred to the bank in recognition of its pioneering role in expanding access to finance for small and medium enterprises and driving inclusive economic growth in Bangladesh. The prestigious accolade, conferred by International Finance Magazine of the United Kingdom, recognises financial institutions that demonstrate outstanding leadership, innovation, and measurable impact in advancing financial inclusion and sustainable economic development. The award acknowledges BRAC Bank's long-standing commitment to empowering entrepreneurs through collateral-free SME financing, customer-centric products, capacity-building programmes...