Business

Mar32025 by No Comments

BRAC Bank raises BDT 700 crore through Subordinated Bond to enhance its capital base

BRAC Bank has successfully raised a Subordinated Bond worth BDT 700 crore to enhance its capital base as per Basel-III requirements.The bond will support the bank's capital adequacy requirements, as the bank has earned significant balance sheet growth in recent years. This incremental capital has set the platform to grow the bank’s balance sheet at a higher pace than before. This is also a step forward in developing the bond market in Bangladesh.BRAC Bank has seen deep interest from all customer segments in investing in this bond. A total of 663 unique investors, including 567 individuals, invested in this long-term subordinated bond. Given that the bond is issued by one of the strongest banks in the country, which holds the highest credit rating from both local and international r...

Feb282025 by No Comments

Shine brighter this Eid with Bata Starlight!

Breaking News, Business

Step into the festive spirit with the Bata Starlight collection, a unique new catalogue designed to add elegance and charm to your Eid celebrations! Whether you're embracing timeless classics or modern chic, this latest collection ensures that you dazzle with every step. The Bata Starlight collection showcases a stunning range of new arrivals, featuring trendsetting heels in captivating colors with crystal accents, stylish mules with modern uppers, and shimmering, technology-infused Comfit sandals designed for ultimate comfort and elegance for the ladies. For men, the collection offers a variety of dress shoes, moccasins, fisherman sandals, and other fashionable summer styles, complemented by an exclusive leather range that perfectly captures the spirit of Eid celebrations. These are the ...

Feb272025 by No Comments

BRAC Bank wins Gold at Qorus Reinvention Awards

Breaking News, Business

BRAC Bank has been honoured with the prestigious Qorus Reinvention Award 2025 for its innovation in expanding access to finance and markets through digitalisation, focusing on women and marginalised communities.The bank’s transformative initiative, in partnership with the US-based Gates Foundation, earned this international accolade for its efforts in driving digital financial inclusion for women. The award highlights BRAC Bank’s commitment to fostering financial empowerment through technology and strategic collaboration.Indrajit Sur, Head of Emerging Corporate, and Mohsinur Rahman, Head of SME Business Support, received the Gold Award in the Distribution category at the award ceremony held in Bangkok, Thailand, on 19 February 2025. Clinching Gold reinforces BRAC Bank’s position as...

Feb262025 by No Comments

BRAC Bank to provide advanced cash management & supply chain financing solutions to City Group

Breaking News, Business

BRAC Bank has partnered with City Group to offer advanced cash management solutions and supply chain financing to optimize working capital and financial operations of the leading corporate conglomerate in Bangladesh.As part of this collaboration, BRAC Bank will deliver customized payment solutions that allows City Group’s ERP system to initiate transactions directly through API integration. This eliminates the need for manual processes like the CORPnet Maker module, reducing human error and ensuring secure, and real-time data sharing.City Group will also benefit from real-time account statements integrated with their ERP system, enabling faster decision-making, automatic reconciliation, and improved efficiency in order processing and time to market. Additionally, BRAC Bank will fac...

Feb252025 by No Comments

Banglalink’s Orange Club members to enjoy special discounts from RISE

Breaking News, Business

Country’s innovative digital operator Banglalink has recently signed an agreement with RISE, a modern lifestyle clothing brand, to offer special discounts to its Orange Club members.Under this agreement, Orange Club members will get a special 20% discount in celebration of Banglalink’s 20-year milestone for a limited time. Apart from that, an exclusive 12% discount at all RISE outlets will be available for Orange Club members regularly. This represents Banglalink’s commitment to adding value to its loyal customers’ lifestyle needs.The agreement signing ceremony was held at RISE Corporate Office in Tejgaon recently. From Banglalink, Loyalty Program Senior Manager Zain Zaman, and Loyalty Partnership Manager Shahadat H Mazumder were present at the event. From RISE, its CEO & MD Fa...

Feb252025 by No Comments

DMA 2024: Mindshare Bangladesh Steals the Spotlight Once More

Breaking News, Business

Asiatic Mindshare Limited once again reaffirmed its strength and mastery in the digital space, securing 10 prestigious awards—3 Silver and 7 Bronze, for groundbreaking campaigns that pushed the boundaries of digital storytelling at the 8th edition of DMA.This remarkable recognition stands as a testament to a year of relentless dedication, creativityand strategic brilliance. Mindshare Bangladesh extends its deepest gratitude to its valued clients, whose trust and collaboration continue to fuel this success.Digital Marketing Award, the premier platform celebrating excellence in digital marketing and communications, recently concluded with a spectacular showcase of innovation and creativity at the Digital Marketing Award 2024.The awards were presented at InterContinental Dhaka on ...

Feb252025 by No Comments

BRAC Bank and British Council launch English Speech Competition for school students

Breaking News, Business

BRAC Bank, in collaboration with the British Council, has jointly launched an English Speech Competition for school students to nurture their extracurricular talent.The initiative aimed at enhancing English proficiency, public speaking skills, and leadership development among school students in Bangladesh. BRAC Bank supports this youth-centric initiative under the banner of its Agami proposition, which is a complete range of student banking services.BRAC Bank, British Council, and Toastmasters International have entered into a partnership agreement to launch the Speech Contest. The signing ceremony, held at the British Council’s Fuller Road office, marks the beginning of a transformative journey for young learners.With participation from 33 schools across five divisions, studen...

Feb252025 by No Comments

Concluding ceremony of the ‘Foundation course for probationary officers and other officials’

Breaking News, Business

Eleven days long training on ‘Foundation course for probationary officers and other officials’ (General banking module-combined batch) of National Bank has been concluded at the Training Institute of the bank on February 23, 2025. 44 Officers from Head Office and different branches of National Bank participated in this Training Course. Mr. Sheikh Akhter Uddin Ahmed, Managing Director (Current Charge) of National Bank was present in the Concluding ceremony as the chief guest and distributes certificates & prize among the participants. Mr. Shah Syed Rafiul Bari, Principal of NBTI was also present in the program.

Feb242025 by No Comments

BYD SEALION 6 launched in Bangladesh

Breaking News, Business

BYD, the leading electric vehicle manufacturer, has recently brought in a new vehicle from its SEALION lineup – called BYD SEALION 6 – in the Bangladesh market to step up luxury car experience. BYD SEALION 6, a pioneering DM-i Super Plug-in Hybrid EV, is anticipated to transform the automotive landscape in Bangladesh. To this end, a launching event was held at the BYD showroom located at Tejgaon in Dhaka on 23 February 2025. Hafizur Rahman Khan, Chairman of Runner Group, was present at the event along with other distinguished guests. Guests witnessed the exciting launching ceremony of the BYD Sealion 6, along with an elaborate discussion of its features, specifications and a special presentation with the first customers receiving their keys. "BYD SEALION 6 is the first Super Plug-in Hybr...

Feb242025 by No Comments

United Aygaz LPG Ltd. signs with Teach for Bangladesh for a CSR initiative

Breaking News, Business

United Aygaz LPG Ltd. and Teach For Bangladesh have officially joined hands in a Corporate Social Responsibility (CSR) initiative, signing a partnership agreement at United Group’s headquarters today. This strategic collaboration will support the project titled ‘Climate Resilient Classrooms for Students for a Greener Tomorrow’, an initiative aimed at fostering leadership among students in Bangladesh and equipping them with the knowledge and skills necessary to drive climate resilience in their communities.Recognizing the vast potential of every student, this initiative seeks to integrate climate-conscious education into the academic framework, empowering the youth to become impactful change-makers. Through this project, students will gain critical insights into environmental sustainabi...