Business Archives - Page 49 of 100

Nov282024 by No Comments

BRAC Bank leaders call for future readiness at Annual Risk Conference 2024

The leaders of BRAC Bank have called for prior preparedness to face risks likely to surface in the future as the bank held its Annual Risk Conference 2024. Veteran bankers and experts weighed in on unseen risks, especially in the digital banking ecosystem and cyberspace, as the banking sector navigates challenges of constantly evolving risks. They urged re-examining the existing risk management framework and making it future-ready to withstand risk emergencies. The bank organises a risk conference annually to raise co-workers' awareness of risks in daily banking operations and find effective ways to overcome them. The conference was organised in line with Bangladesh Bank Risk Management Guidelines for Banks 2018.More than 1,000 co-workers, including Branch Managers, Branch Operati...

Nov272024 by No Comments

Bank Asia celebrates 25 years of excellence in banking services

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Bank Asia, a leading bank in the country’s banking sector, celebrated its 25th anniversary today on November 26, 2024. To this end, a grand event was organized at Pan Pacific Sonargaon, Dhaka, with the bank’s President and Managing Director, Sohail RK Hussain, Additional Managing Directors Shafiuzzaman and A. N. M. Mahfuz, Deputy Managing Directors Mohammad Ziaul Hasan Molla, S. M. Iqbal Hossain, Alamgir Hossain, Muhammad Mostofa Haikal Hashmi, S. M. Anisuzzaman, Arekul Arefin, and Mirza Azhar Ahmed in attendance. Senior departmental heads and the Chief Financial Officer were also present on the occasion. Since its inception, Bank Asia has been at the forefront of introducing innovative banking services with its pioneering role in transforming the nation’s economic landscape. The bank l...

Nov272024 by No Comments

225 agri-entrepreneurs from Brahmanbaria receive training

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United Commercial Bank PLC Limited's (UCB) agricultural support scheme 'Bhoroshar Notun Janala' conducted its 56th skill-development training session in Brahmanbaria. 225 agricultural entrepreneurs from 9 upazilas of the district received this training on November 27, 2024, in the district's Advocate Syed Sirajul Islam Municipal Community Center, Tanker Par (Loknath Dighi Par). In accordance with the directives of the Bangladesh Bank, UCB has been organizing such training in different districts of the country for promising agricultural entrepreneurs as part of its Corporate Social Responsibility (CSR) initiative. The day-long event welcomed Rezaul Karim Siddique, Presenter of BTV's agriculture-based show 'Mati O Manush' and an agricultural analyst, as event chair. Md. Ridwanul Haque, SEV...

Nov262024 by No Comments

Rancon Motors signs agreement with Crack Platoon for charging solutions

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An agreement has been signed between Rancon Motors and Crack Platoon Charging Solutions. By the agreement Crack Platoon Charging Solution will provide seamless charging solutions for Mercedes-Benz electric vehicles. Redwanul Zia, CEO of Rancon Motors Limited (Mercedes-Benz Bangladesh), and Md. Tenver Sahariar Utso, MD of Crack Platoon Charging Solution Limited, signed an agreement to provide and establish advanced electric vehicle charging solutions for EV users in Bangladesh. Currently, they operate over 20 AC chargers nationwide, with 10 DC fast chargers to be deployed by January 2025. The Charge Easy app, available on the App Store and Google Play, ensures seamless charging access and secure digital payments via bank cards and mobile financial services. This collaboration aims ...

Nov262024 by No Comments

BYD celebrates 30th anniversary with 3-day carnival

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BYD (Build Your Dreams), a leading electric vehicle manufacturer, has recently celebrated its 30th anniversary with the roll-off of its 10-millionth NEV at its Xiaomo Production Base in the Shenzhen-Shanwei Special Cooperation Zone. To enhance the celebration, BYD Bangladesh has organized a 3-day carnival, called BYD PowerPlay. The carnival took place from November 21 to 23, 2024, at BYD Bangladesh Flagship Showroom in Tejgaon’s Shaheed Tajuddin Ahmad Sharani. The 30th anniversary and rolling off 10 million NEV marks BYD’s steadfast commitment to sustainable transportation and strengthens its position as a global leader in the automotive industry. BYD is now the first automaker in the world to achieve such a groundbreaking figure – 10 million. To celebrate such a milestone, BYD Banglade...

Nov252024 by No Comments

BRAC Bank partners DHL for eco-friendly shipping initiative

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BRAC Bank has entered into a strategic partnership with DHL, the world-renowned logistics company, to introduce the GOGREEN Plus Carbon Reduced Shipping Service, reaffirming its commitment to environmental sustainability. Md. Sabbir Hossain, Deputy Managing Director & Chief Operating Officer of BRAC Bank, and Md. Miarul Haque, Managing Director of DHL Express Bangladesh, formalised the partnership on November 21, 2024, at the BRAC Bank head office. The GOGREEN Plus package shows the bank’s strong commitment to sustainability by actively reducing its carbon footprint through DHL’s green logistics solutions. BRAC Bank becomes the second commercial bank in Bangladesh to adopt this eco-friendly shipping initiative, which aligns with its broader sustainability goals and ongoing com...

Nov252024 by No Comments

National Bank Recognized as the Top Remittance Bank Receiver

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National Bank Limited was recently recognized as the "Top Remittance Bank Receiver 2024" at the "Bangladesh Remittance Fair 2024" held in the United States. The event recognized National Bank for being the second highest receiver of remittances sent from the United States to Bangladesh. The award was presented at a ceremony at the Bank's Head Office on 25 November 2024 in Banglamotor, Dhaka. The crest was handed over to Abdul Awal Mintoo, Chairman of National Bank Limited, by Raihanul Islam Chowdhury, Senior Vice President of the Bangladesh-US Chamber of Commerce and Industry. Md. Touhidul Alam Khan, Managing Director & CEO, Deputy Managing Directors Sheikh Akhtar Uddin Ahmed, Imran Ahmed, Mohammad Abdul Matin, and Milton Roy, Head of the Foreign Remittance Division of National Bank an...

Nov252024 by No Comments

UCB Holds Workshop to Empower Tea Workers in Panchagarh

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United Commercial Bank PLC (UCB) recently organized a workshop for tea cluster entrepreneurs in Panchagarh District. The event aimed to enhance financial literacy and explore growth opportunities within the tea industry. The workshop was graced by the presence of Nawshad Mustafa, Director, SMESPD of Bangladesh Bank, as the chief guest. Other distinguished attendees included Rezaul Karim Siddique, Agriculture Analyst; Muhammad Nazmul Haque, Additional Director, SMESPD, Bangladesh Bank; S.M. Moinul Hossain, Head of Credit Risk Management (SME & Retail) UCB; and Mohammad Salim Chowdhury, Head of SME & Agri Banking Division, UCB. The program included a panel discussion, Question & Answer session, and a financial literacy session. The discussions highlighted SME-focused banking se...

Nov242024 by No Comments

Banglalink Awarded by PMI Bangladesh for Establishing Future-Ready Infrastructures

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Banglalink has won the prestigious ‘Project Management Awards 2024’ from the Project Management Institute (PMI) Bangladesh, a U.S.-based not-for-profit professional organization for project management. The recognition was awarded for ‘Cumilla DC DR Project’ which excelled in three categories: Project of the Year, Project Manager of the Year, and runner-up Program Management Office (PMO) of the year. The award ceremony was held at Radisson Blu Water Garden, Dhaka. The achievement highlights Banglalink’s successful deployment of its Disaster Recovery (DR) Data Center, a vital initiative ensuring uninterrupted digital services during disruptions. By safeguarding critical systems and enabling swift recovery from events like technical failures, cyberattacks, and natural disasters, the DR ...

Nov242024 by No Comments

CMSMEs receive spot loans at Open Loan Distribution Programme in Sylhet

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As part of a Bangladesh Bank initiative, a focus group discussion with beneficiaries of the BDT 25,000 crore prefinancing scheme and an open loan distribution programme was held in Sylhet to offer spot loan facilities to CMSME entrepreneurs. The initiative, initially launched under Bangladesh Bank’s refinancing scheme and later converted to prefinance scheme, demonstrates the commitment to empowering Cottage, Micro, Small & Medium businesses (CMSME). As the lead bank, BRAC Bank organised the event in compliance with Bangladesh Bank's directive. Officials from other banks operating in Sylhet participated in this programme, held on November 16, 2024, at a hotel in Sylhet. Nawshad Mustafa, Director of the SME and Special Programmes Department of Bangladesh Bank, Head Office, was ...