Business

Sep272026 by Statement DeskNo Comments

VEON and Square Group Receive Bangladesh Bank Approval for Digital Bank License

VEON Ltd. (Nasdaq: VEON, "VEON"), a global digital operator, today announced that a joint venture between VEON Digital Financial Group and Square Group, one of Bangladesh's leading business conglomerates, has received approval for a Digital Bank license from Bangladesh Bank, the central bank of Bangladesh. The license marks VEON's entry into full-scale digital banking in Bangladesh, building on Banglalink's existing Payment Service Provider (PSP) license, which underpins its Mukto Pay digital payments service.This milestone reflects continued progress under "Invest in Bangladesh NOW!": a public-private partnership with the Government of Bangladesh that VEON formally launched in New York during UN General Assembly High-Level Week. VEON has committed an initial US$250 million anchor inve...

Sep272026 by Statement DeskNo Comments

Dr Mohammad Abdur Razzaque joins BRAC Bank Board as Independent Director

Breaking News, Business

BRAC Bank Board has welcomed Dr Mohammad Abdur Razzaque as an Independent Director. Welcoming Dr Razzaque to the Board, Meheriar M. Hasan, Chairperson of BRAC Bank, said: “As BRAC Bank enters an important phase of its growth and transformation, strong governance and informed strategic oversight remain critical. Dr Razzaque’s extensive experience in research, development, education, and policymaking will bring valuable perspectives to our Board and help shape the Bank’s strategic direction. We look forward to his guidance as we continue to strengthen governance and create sustainable long-term value for our stakeholders.”Dr Razzaque brings extensive national and international experience in economics, research, development, and public policy, which will help steer BRAC Bank toward new he...

Sep272026 by Statement DeskNo Comments

Uber Appoints S M Jamshed Hasan as Country Head for Uber Bangladesh

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Uber, the leading ridesharing app, has announced the appointment of S M Jamshed Hasan as Country Head for Uber Bangladesh. In his new role, Jamshed will lead Uber’s business and operations in the country, as the company continues to expand its mobility offerings and build on its growing presence in Bangladesh.Jamshed brings over 15 years of experience across sales, business development, strategic partnerships and commercial leadership, with experience spanning fintech, logistics and insurance. He joins Uber from Wagely Bangladesh, where he was the Vice President of Business and Growth and was responsible for driving business expansion and contributing to the company’s regional business strategy. Earlier in his career, he held commercial and business development roles at DHL, UPS and Me...

Sep262026 by Statement DeskNo Comments

Apex Founder’s Day Celebration- Apex Announces 26% Flat Discount Across All Stores and Online

Breaking News, Business

On September 26, Apex Footwear Limited is set to celebrate Founder’s Day across more than 500 stores nationwide, commemorating the 84th birth anniversary, legacy, and vision of its late Founder, Syed Manzur Elahi. As part of the celebrations, the lifestyle brand is offering a flat 26% discount across its entire product range on September 26.Customers can enjoy this discount at all Apex retail outlets as well as its online store, providing an excellent opportunity to explore Apex’s vast collection of products.The special offer covers the complete product range, especially the versatile ladies' collection, which includes shoes, sandals, leather bags, belts, accessories and apparel for people of all ages of every family member. Apex stores nationwide are fully prepared to welcome shop...

Sep252026 by Statement DeskNo Comments

Shimanto Bank PLC donates Microbus to SUST

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Shimanto Bank PLC has donated a microbus to Shahjalal University of Science and Technology (SUST). The Managing Director and Chief Executive Officer of Shimanto Bank PLC, Mr. Md. Nurul Azim, handed over the microbus to the Vice-Chancellor of Shahjalal University of Science and Technology, Professor Md. Khairul Islam, Phd. Sector Commander (Sylhet) of Border Guard Bangladesh, Colonel Mohammad Salahuddin, psc, along with deans of various faculties, the registrar, transport administrator, provosts, director of accounts, assistant proctors, and other university officials, as well as senior officials from the bank, were present during the event.Speaking at the handover ceremony, SUST Vice-Chancellor Professor Dr. Md. Khairul Islam stated, "The microbus will add a new dimension to the univer...

Sep232026 by Statement DeskNo Comments

BRAC Bank finances Eskayef to expand insulin production in Bangladesh

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BRAC Bank has extended financing support to Eskayef Pharmaceuticals Ltd., also known as SK+F, to expand its insulin production capacity, supporting greater availability of this essential medicine in Bangladesh and international markets.One of Bangladesh’s leading pharmaceutical companies, Eskayef has been manufacturing insulin through its long-standing partnership with Danish multinational pharmaceutical company, Novo Nordisk, the world’s leading insulin producer. The partnership has enabled Eskayef to produce insulin in both vial and Penfill formats, helping ensure access to quality insulin for patients living with diabetes.As part of its latest expansion, Eskayef is establishing a third insulin vial production line to significantly enhance its production capacity and meet growing...

Sep212026 by Statement DeskNo Comments

Shimanto Bank signed aparticipatory agreement with Bangladesh Bank for CMSME Working Capital Refinance Scheme

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Shimanto Bank has recently signed a participatory agreementwith Bangladesh Bank to facilitate financing at a concessional interest rate and on simplified terms under the BDT 5,000 crore CMSME Working Capital Refinance Fund. The fund has been established under the BDT 60,000 crore stimulus package announced by Bangladesh Bank to ensure adequate working capital financing for the CMSME sector, strengthen the productive capacity of viable enterprises, and accelerate economic activity through increased production, business operations, and employment generation. Under this fund, operational CMSMEs struggling to run at full capacity due to a working capital crunch will receive financing facilities at a concessionary interest rate of just 9% p.a.Md. Zabdul Islam, Director (SMESPD), Bangladesh ...

Sep202026 by Statement DeskNo Comments

MetLife Launches Health Insurance

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MetLife Bangladesh has launched the MetLife Health Savings Plan (MHSP), a first-of-its-kind solution in Bangladesh's life insurance industry that combines protection against major illnesses, health-focused savings accumulation, and convenient access to healthcare funds in a single plan.The launch comes at a time when healthcare costs are becoming an increasingly important financial concern for Bangladeshi families, while insurance penetration in Bangladesh remains significantly below global averages, highlighting the need for innovative solutions that promote financial preparedness and protection.Designed to help customers prepare financially for future healthcare needs, the MetLife Health Savings Plan goes beyond traditional health protection by enabling policyholders to build a d...

Sep172026 by Statement DeskNo Comments

HBL Celebrates 50 Years in Bangladesh

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HBL celebrated 50 years of its operations in Bangladesh, marking decades of partnership with the country and its businesses. Since commencing operations in Bangladesh in 1976, HBL has grown alongside its customers, supporting trade, investment and financial flows and connecting businesses across markets.To mark the occasion, HBL has hosted celebrations in Dhaka attended by clients, regulators, business leaders and senior executives of the Bank, including Sultan Ali Allana, Chairman – HBL, and Muhammad Nassir Salim, President & CEO – HBL.Over five decades, HBL has built a strong presence in Bangladesh, supporting businesses and financial institutions as they participate in domestic and international markets. As Bangladesh’s economy continues to deepen its global trade and invest...

Sep172026 by Statement DeskNo Comments

BRAC Bank and SSL Wireless partner to advance inclusive digital financing

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BRAC Bank and Software Shop Limited (SSL Wireless) have entered into a Memorandum of Understanding (MoU) to expand access to formal banking and financing for micro and small entrepreneurs operating in the growing e-commerce and f-commerce ecosystem in Bangladesh.Signed at BRAC Bank’s Head Office in Dhaka on August 30, 2026, the MoU brings together BRAC Bank’s strength in SME and inclusive finance with SSL Wireless’ established digital commerce ecosystem. The partnership aims to connect digital entrepreneurs with relevant financial services to support their businesses and growth.The collaboration will create opportunities for merchants, partners and sellers within SSL Wireless’ ecosystem to access BRAC Bank’s banking and financing solutions, subject to the Bank’s applicable assessme...