Business

Feb172025 by No Comments

BRAC Bank to provide Distributor Channel Financing to PidiliteSpeciality Chemicals

BRAC Bank has signed an agreement with PidiliteSpeciality Chemicals (BD) Pvt. Ltd. to provide financing solutions for the distributors of the adhesive manufacturing company.This agreement will empower Pidilite's distributors across the country by granting them access to convenient term loans from BRAC Bank, ensuring seamless business operations.The initiative is particularly beneficial for Pidilite's dealers and distributors, as they will now receive consistent and reliable funding to support their working capital needs.Under the agreement, Pidilite's distributors in Bangladesh can avail both secured and unsecured loans. By leveraging the bank's advanced corporate internet banking platform, CORPnet, distributors can transfer payments to the manufacturer swiftly and efficiently....

Feb162025 by No Comments

APR highlights potential for Lyocell to support growth of Textile and Garment industry in Bangladesh

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Asia Pacific Rayon (APR), a leading global manufacturer of viscose staple fibre products, plans to highlight the potential for Lyocell to contribute to the continued growth of the textile and garment industry in Bangladesh at the upcoming Dhaka International Textile & Garment Machinery Exhibition (DTG). The exhibition will take place from February 20 to February 23, 2025, at the International Convention City Bashundhara, Dhaka.A natural and biodegradable fibre, Lyocell is made from wood pulp sourced from sustainable plantations and is used to produce high-quality textiles and personal hygiene products. Lyocell by Sateri is manufactured using closed-loop processes that recycle water and solvents, which significantly reduce waste.The growing demand for sustainable textiles in the...

Feb152025 by No Comments

BRAC Bank facilitates financial inclusion in hill districts through Agent Banking

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BRAC Bank Agent Banking has reached marginalized people of Chattogram Hill Tracks, providing everyday banking solutions to remote communities.The bank organized several ‘Uthan Boithok’, a financial awareness programme, in the hilly district of Khagrachari to inculcate financial literacy among tribal communities and ensure their financial inclusion. This is part of its continued pursuit of bringing the unbanked people under the formal banking umbrella.The Agent Banking Team conducted engagement sessions for the people of Merung Union in Dighinala Upazila, Khagrachari District. These engagement sessions aimed to raise financial awareness among the local inhabitants and discuss the importance of receiving remittances through legal channels.Situated on the border of Khagrachari and...

Feb142025 by No Comments

Grand Opening of Bio-Xin’s new branch in Barisal

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The country's leading skincare brand Bio-Xin Cosmeceuticals has brought great news for the people of Barisal. World-class skincare treatments, authentic dermo cosmetics, and expert doctor consultations- everything is now under one roof. On February 13, 2025, the 17th branch of Bio-Xin was inaugurated at 119 Sadar Road, L. L. Tower, Level 4, Bibir Pukurpar, Barisal City. Muhammad Zahidul Hoque, founder and CEO of Bio-Xin Cosmeceuticals, attended the inauguration ceremony, along with other company senior officials. The overwhelming response of the local people at the grand opening ceremony and their arrival to find the best solution for their skin proves everyone's trust in the products and services of world-class skincare Bio-Xin. On the occasion of the inauguration of the new branch, Bi...

Feb132025 by No Comments

BRAC Bank to provide Distributor Channel Financing to Pidilite Speciality Chemicals

Breaking News, Business

BRAC Bank has signed an agreement with Pidilite Speciality Chemicals (BD) Pvt. Ltd. to provide financing solutions for the distributors of the adhesive manufacturing company.This agreement will empower Pidilite's distributors across the country by granting them access to convenient term loans from BRAC Bank, ensuring seamless business operations.The initiative is particularly beneficial for Pidilite's dealers and distributors, as they will now receive consistent and reliable funding to support their working capital needs.Under the agreement, Pidilite's distributors in Bangladesh can avail both secured and unsecured loans. By leveraging the bank's advanced corporate internet banking platform, CORPnet, distributors can transfer payments to the manufacturer swiftly and efficiently...

Feb132025 by No Comments

Guardian Life unveils new insurance plan, Guardian Nirbhar

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Country’s one of the leading insurance companies, Guardian Life Insurance Limited, has introduced its new insurance plan, ‘Nirbhar.’ The launching event took place recently at Krishibid Institution Bangladesh (KIB) in the capital.Guardian Life has designed this Regular Income Plan, ‘Nirbhar’, in a way that the customer will not have to pay premiums for the entirety of the policy term. Instead, after paying premiums for a certain amount of time, customers will receive regular income benefits for the remaining period. For instance, within a 10-25-year long policy, customers will have to pay premiums for only 5-10 years, and they will be covered by life insurance for the entire duration of the insurance term. At the end of the term, customers will get remaining amount along with maturity ...

Feb122025 by No Comments

National Bank Holds Annual General Meeting

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The 40th and 41st Annual General Meetings of National Bank Limited were held on Wednesday, February 12, 2025, at a convention center in Dhaka. The meeting was presided over by Abdul Awal Mintoo, Chairman & Sponsor Director of the Bank.Also present were Moazzam Hossain, Vice Chairman & Sponsor Director; Zakaria Taher, Chairman of the Risk Management Committee & Director; Muklesur Rahman, Chairman of the Executive Committee & Independent Director; Md. Abdus Satter Sarkar, Chairman of the Audit Committee & Independent Director; Md. Zulkar Nayn, Independent Director; Professor Dr. Melita Mehjabeen, Independent Director; Sheikh Akhter Uddin Ahmed, Managing Director (Current Charge); Deputy Managing Directors and the esteemed shareholders of the bank. During the meeting, ...

Feb112025 by No Comments

Banglalink Partners with Shohoz to Offer Exclusive Discounts for Orange Club Members

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Country’s innovative digital operator Banglalink has signed an agreement with Shohoz, Bangladesh’s largest online ticketing platform, to provide exclusive discounts to its Orange Club members.Orange Club, Banglalink’s loyalty program, rewards customers with special deals from top brands, enhancing their overall digital experience. The agreement signing ceremony took place recently at Tiger’s Den, Banglalink’s headquarters in Gulshan.Under this partnership, Orange Club members can enjoy up to a 14% discount on domestic and international air tickets when booking through Shohoz (www.shohoz.com). This initiative reflects Banglalink’s commitment to delivering added value and convenience to its most loyal customers.Mehedi Al Amin, Marketing Operations Director, Banglalink, said, “As ...

Feb112025 by No Comments

BRAC Bank hosts School Banking Conference in Brahmanbaria

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BRAC Bank organized a School Banking Conference in Brahmanbaria. The bank arranged the conference as the lead bank under the guidance of Bangladesh Bank.The conference aimed to educate students about banking services and instill a savings culture with the necessary financial knowledge and awareness from an early age. The event brought together all banks operating in Brahmanbaria, along with many students, teachers, parents, and guardians, to promote awareness of modern banking practices and financial literacy.The countrywide awareness program is part of Bangladesh Bank's financial inclusion and financial literacy initiative. The Financial Inclusion Department of Bangladesh Bank drives the school banking conference in every district of the country to raise students' awareness about...

Feb112025 by No Comments

BRAC Bank and Grameen Healthcare to restore sight for 42,000 underprivileged people

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BRAC Bank partnered with Grameen Healthcare Services Limited to provide free eye screenings and care to over 42,000 underprivileged people in Bogura and Thakurgaon.This effort is part of BRAC Bank's flagship CSR programme - BRAC Bank Aporajeyo Ami. Through this partnership, economically disadvantaged people will receive free cataract surgeries, including special lenses and Intra-Ocular Lens (IOL) implants to help improve their vision.The partnership will ensure that patients can access diagnostic services, surgeries, and post-operative care, amplifying the impact on healthcare accessibility and disability inclusion.The goal of this initiative is to help restore people's sight, enhance their quality of life, and empower them to participate more actively in their communities and ...