Business

Oct72026 by Statement DeskNo Comments

Shimanto Bank signed a participatory agreement with Bangladesh Bank for Refinance Scheme for ICT Sector

Shimanto Bank PLC has recently signed a participatory agreement with Bangladesh Bank to facilitate financing at a concessional interest rate and on simplified terms for the development of ICT Sector. To foster the development of the IT sector, loans of up to BDT 50 crore will be provided at the customer level at a 4% interest rate (p.a) for a maximum term of 10 years under this scheme. The goal of this scheme is to develop the IT sector by supporting entrepreneurs.Mr. AKM Nurunnabi, Director, Sustainable Finance Department, Bangladesh Bank and Mr. Md. Nurul Azim, Managing Director & CEO, Shimanto Bank PLC signed the MoU on behalf of their respective organizations. Senior Officials from Bangladesh Bank and Shimanto Bank PLC were present in the signing ceremony.

Oct52026 by Statement DeskNo Comments

BRAC Bank, Samuda Edible Oil partner for digital cash management solutions

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BRAC Bank has partnered with Samuda Edible Oil Ltd to strengthen the company’s cash management operations through digital collection and payment solutions.Through the partnership, Samuda Edible Oil will use BRAC Bank’s Virtual Account Management (VAM) solution to facilitate collections and automate reconciliation. The solution will enable greater visibility over incoming funds, reduce manual reconciliation and support faster processing of customer orders.Samuda Edible Oil will also use BRAC Bank’s corporate digital banking platform, CORPNET, to initiate domestic payments electronically, including utility and statutory payments. The platform will enable the company to manage its day-to-day payment requirements through a secure digital channel.Md. Asif Bin Idrish, Deputy Managing...

Oct42026 by Statement DeskNo Comments

Community Bank launches BO account opening facility on Community Cash App

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Community Bank Bangladesh PLC. has introduced a new facility on its digital banking platform, Community Cash, enabling customers to apply for opening Beneficiary Owner (BO) accounts directly through the app.The new facility is expected to make the process of accessing investment opportunities in Bangladesh’s capital market more convenient, faster and easier for the bank’s customers.Under the new digital service, Community Bank customers can initiate their application for opening a BO account through the Community Cash app. Community Bank Investment Limited (CBIL), a wholly owned subsidiary of Community Bank Bangladesh PLC., will subsequently facilitate the BO account opening process. CBIL is engaged in the bank’s investment banking and capital market-related activities.By...

Oct42026 by Statement DeskNo Comments

Apex Footwear holds Partners’ Summit

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Celebrating a legacy of trust and mutual success, Apex Footwear Limited hosted its Partners’ Summit at Radisson Blu Dhaka Water Garden recently. The summit brought together Apex’s partner network to honor their vital role in the company’s ongoing journey and to strengthen the bonds that drive their shared success. The event featured dedicated award ceremonies to recognize exceptional partner contributions. Highlights of the evening included the presentation of the Longstanding Partnership Award, the Delivery Excellence Award and the prestigious Syed Manzur Elahi Award and many more- Apex’s highest honor for its partners.Senior leadership, including Apex Group Chairman Golam Mainuddin, Managing Director Syed Nasim Manzur, and CEO Firoze Mohammad, spoke at the event, emphasizing that st...

Oct32026 by Statement DeskNo Comments

BRAC Bank’s foreign remittances cross USD 2.5 billion

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BRAC Bank has crossed USD 2.5 billion in foreign remittance inflows during the first nine months of 2026, surpassing its previous full-year record of USD 2.2 billion in 2025.With three months of the year still remaining, BRAC Bank is targeting more than USD 3 billion in remittance inflows by the end of 2026, building on five consecutive years of strong growth.Expanding international partnerships, technology-led services, and greater accessibility for expatriate Bangladeshis and their families have supported this growth. BRAC Bank has developed a global network of exchange-house partners across major remittance corridors, including the Middle East, Southeast Asia, Europe, North America and the Asia-Pacific region.Advanced host-to-host technology integration and API connectivity ...

Oct12026 by Statement DeskNo Comments

National Bank’s Sakhipur Branch Moves to New Address

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National Bank's Sakhipur Branch in Shariatpur has started operations at a new address. Mr. Mohammad Billal Hossain, Regional Head, Barishal Region of the bank, was present as chief guest at the inauguration ceremony organised by the branch on 27 September 2026. Managers of different branches of the bank, Mr. Solaiman Bepari, Manager of Sakhipur Branch, branch officials and staff, and prominent businesspersons and local dignitaries were also present. Speaking as chief guest, Mr. Mohammad Billal Hossain said, "Sakhipur Branch begins its journey at the new address with more spacious premises and the promise of better services. I believe this branch will play an important role in advancing trade and commerce in the area and expanding financial services for the people." The invited guests exp...

Sep292026 by Statement DeskNo Comments

Banglalink brings mobile services to ChatGPT

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Banglalink has brought its core mobile services into ChatGPT in the first such integration by a telecom operator in Bangladesh, allowing customers to access everyday mobile services through a simple conversation.With Banglalink GPT, subscribers can manage everyday telco needs directly through ChatGPT, from checking their balance and usage and finding suitable packs to checking roaming status and accessing other key mobile services, without having to switch between different apps or websites.Developed by Banglalink Digital, the service is now live nationwide for Banglalink subscribers. They can find Banglalink GPT in ChatGPT’s GPT section and use it by simply asking questions in everyday language.Banglalink GPT also recommends suitable packs to users based on their needs and usa...

Sep282026 by Statement DeskNo Comments

Mohammad Abu Jafar is the Managing Director of National Bank

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Mr. Mohammad Abu Jafar has joined as the Managing Director of National Bank PLC on Sunday, September 20, 2026. He is a veteran banker with 36 years of professional experience in the banking industry. Throughout his distinguished career, he has served in diverse capacities with extensive expertise in business development, Ready Made Garment (RMG) financing, offshore banking, corporate banking, treasury business and operations, credit management, foreign trade financing, international business and branch banking. Prior to joining National Bank PLC, Mr. Abu Jafar served at The Premier Bank PLC as Managing Director & Chief Executive Officer. Before that, he served at Dhaka Bank PLC as Additional Managing Director & Chief Business Officer (CBO). He also served as Managing Director of D...

Sep282026 by Statement DeskNo Comments

VEON and Banglalink Convene Global Investors in New York to Advance “Invest in Bangladesh NOW!”

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Symposium builds momentum for initiative targeting USD 1 billion in foreign direct investment in Bangladesh's digital economy, anchored by VEON's USD 250 million commitment[Dhaka, September 25, 2026] VEON Ltd. (Nasdaq: VEON), a global digital operator, and its operating subsidiary in Bangladesh, Banglalink, on Thursday hosted the inaugural investor symposium for the “Invest in Bangladesh NOW!” initiative in New York City, on the sidelines of the United Nations General Assembly. The closed-door roundtable brought together global investors, development finance institutions and Bangladeshi government officials to discuss investment opportunities in Bangladesh’s digital economy.VEON’s “Invest in Bangladesh NOW!” initiative, launched earlier this year, is a proposed public-private partn...

Sep282026 by Statement DeskNo Comments

Banglalink Launching Direct Mobile-to-Satellite Services with Starlink

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Banglalink has received approval from the Bangladesh Telecommunication Regulatory Commission (BTRC) to launch its Starlink Direct-to-Cell service, bringing mobile connectivity to places across Bangladesh beyond the reach of traditional mobile networks.With this service, Bangladesh becomes the first country in South Asia to introduce Starlink Direct-to-Cell connectivity.The service is designed to be simple and accessible to everyone. If you can see the stars, you can connect anytime, in a simple and easy way. If you have a Banglalink 4G-enabled phone, you can use the service wherever Starlink Direct-to-Cell coverage is available, without needing a special phone, satellite dish or any additional equipment. There is nothing extra to install or set up.All Banglalink subscribers wit...