Business

Nov172024 by No Comments

BRAC Bank wins four prestigious VISA awards

BRAC Bank has won four prestigious Visa awards this year in recognition of its outstanding business in the cards issuing and acquiring and value-added services categories.The bank has secured awards at the VISA Leadership Conclave 2024, recognising its excellence in Consumer Debit Card, Commercial Debit Card, Merchant Acquiring POS, and Value-Added Services (VAS) categories.The conclave honoured various banks, mobile financial services (MFS) providers, and merchants who contributed to Bangladesh's digital payments ecosystem.Ashik Chowdhury, Executive Chairman of the Bangladesh Investment Development Authority; Rafeza Akhter Kanta, Director of the Payment Systems Department of Bangladesh Bank; Sandeep Ghosh, Group Country Manager for India and South Asia; and Sabbir Ahmed, Visa'...

Nov172024 by No Comments

Robi Elites to avail Exclusive Discounts on Unilever Products

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Robi’s Elite customers can now enjoy discounts of up to 35% on Unilever products, following the signing of a Memorandum of Understanding (MoU) between Robi and Unilever.This special offer is available exclusively on UshopBD, Unilever's dedicated e-commerce platform. Customers can conveniently order a range of Unilever's personal care and household products from home through UshopBD,.The MoU signing ceremony was attended by Md. Shawkat Quader Chowdhury, Robi’s Head of Marketing; A.S.M. Faisal, General Manager (Loyalty Program); and Tasnia Afrin, Manager of Partnership Management. Representing UshopBD were Zakia Hossain, Lead of Emerging Business and Outdoor Advertising, and Safa A Nafi, E-commerce Executive.

Nov172024 by No Comments

PBIL Launches AI-Powered Chatbot ‘PrimeInvest’

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Prime Bank Investment Ltd. (PBIL), a leading merchant bank, is proud to announce the launch of PrimeInvest, an AI-powered digital assistant chatbot. This innovative tool is designed to transform client interactions in the investment banking sector in Bangladesh, marking a first in the industry. The launching ceremony had taken place at PBIL Head office, Banani recently. This initiative will result in a new era of client interaction - enhancing accessibility, convenience, and personalized support for investors and market participants. With PrimeInvest Chatbot, PBIL is setting a new standard in how clients engage with Bangladesh's growing capital market. Designed to offer 24/7 real-time assistance, the chatbot seamlessly answers queries and enhances the overall user experience. This launch...

Nov172024 by No Comments

Horlicks Brain Games Olympiad Grand Finale held with scholarship prize

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Horlicks Brain Games Olympiad, an event to empower students’ cognitive, problem solving and critical thinking skills, held its grand finale in Dhaka today. Champions of the Olympiad were rewarded with scholarship prizes worth BDT three lakh. The students got the opportunity to enhance practical knowledge and adaptability that goes beyond traditional academic teachings.The Horlicks Brain Games Olympiad was open to students in grades 6 to 8. The highly acclaimed event attracted over 22,000 participants nationwide. The participants were challengedwith competitive quizzes and brain games to enhance their cognitive skills. After an online preliminary round, regional rounds were held in Chattogram, Rangpur, Khulna, Dhaka, and Mymensingh. The top 1,000 students from each region competed fierc...

Nov162024 by No Comments

BRAC Bank partners with Transcom Group

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BRAC Bank PLC has formed a strategic partnership with Transcom Distribution Company Limited and Transcom Consumer Products Ltd., subsidiaries of the esteemed Transcom Group, to deliver comprehensive cash management services tailored to enhance their financial operations.This partnership enables Transcom companies to leverage BRAC Bank’s extensive transaction banking capabilities, including streamlined collection, payment, and reconciliation solutions. With access to BRAC Bank’s vast distribution network—comprising 187 branches, 59 sub-branches, and 1,115 Agent Banking Outlets across Bangladesh—Transcom can efficiently manage receivables beyond standard banking hours, including holidays. Additionally, Transcom companies will utilize CORPnet, BRAC Bank’s internet banking platform, for 24...

Nov132024 by No Comments

BRAC Bank conducts life-saving CPR and First Aid training for coworkers

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Reinforcing its commitment to a healthy workplace, BRAC Bank recently hosted an awareness training programme focused on life-saving cardiopulmonary resuscitation (CPR) and First Aid techniques for its coworkers.On October 30, 2024, a total of 50 Dhaka-based officials took part in the training. From now on, they will work as CPR and First Aid Ambassador in their respective office stations. The intensive training will gradually be arranged in offices across the country to create a pool of coworkers who can administer CPR and First Aid.The training, led by Dr. M. Hasan Andalib, Consultant of Accident & Emergency at Evercare Hospital Dhaka, covered vital areas such as CPR, wound care, and the management of common workplace injuries.A total of 50 Dhaka-based officials took part ...

Nov132024 by No Comments

Robi enhances services for customers with disabilities

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Robi Axiata Limited, the leading 4G network provider in Bangladesh, has launched innovative initiatives to enhance accessibility for customers with disabilities, aiming to foster a more inclusive service experience nationwide.One of the standout features is a dedicated video chat service on Robi’s website, specifically designed for customers who are speech and hearing-impaired. This service connects users with agents trained in sign language, offering essential support from 10 a.m. to 7 p.m. daily, accessible from anywhere in Bangladesh.To better serve customers with low vision, Robi has implemented options on its website that allow users to adjust font sizes and color contrasts, making navigation simpler and more comfortable.Additionally, Robi is expanding its in-home service ...

Nov122024 by No Comments

BRAC Bank posts TK 1,011 crore NPAT in first nine months along with strong balance sheet performance

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BRAC Bank’s consolidated Net Profit After-Tax (NPAT) registered a growth of 74% year-on -year (YoY) and reached TK 1,011 crore during the first nine months of 2024.On a standalone basis, the bank registered a NPAT growth of 64% posting TK 827 crore. The bank sustained its growth trend and delivered a 26% annualized growth in its balance sheet.While the bank’s customers’ deposits grew by 34% (annualized) to reach TK 61,602 crore, lending book recorded a growth of 14% (annualized) and stood at TK 57,413 crore at the end of September 2024. Driven by growth in both business and investment, both funded & non-funded income also grew significantly - registering a 35% YoY growth in overall revenue.Along with business growth, significant improvement in portfolio quality was ensured,...

Nov112024 by No Comments

BRAC Bank inaugurates women-owned Agent Banking Outlet in Munshiganj

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BRAC Bank has inaugurated the third women-owned Agent Banking Outlet in Munshiganj.This marks a significant milestone in the bank's commitment to promoting financial inclusion and women's empowerment in the banking sector. BRAC Bank aims to inspire confidence and imbue women with an entrepreneurial spirit, fostering financial inclusivity and economic growth.This is the 87th women-owned Agent Banking Outlet out of a network of 1,115 across the country. This inclusive initiative will usher in a new chapter in the inclusion of enterprising women entrepreneurs in the Agent Banking business and will go a long way toward the financial and social empowerment of women in Bangladesh.Syed Abdul Momen, Deputy Managing Director & Head of SME Banking, BRAC Bank, formally inaugurated the...

Nov112024 by No Comments

Banglalink Launches Lifestyle Pack RYZE with AI-powered App

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Banglalink, the nation’s leading digital operator, has unveiled RYZE, an innovative AI-powered digital lifestyle pack aimed at empowering young users with a dynamic digital experience.Aligning with the government’s vision to support youth through upskilling opportunities, Banglalink’s RYZE provides AI-powered productivity tools for self-development.Under this prepaid package, RYZE also offers a unique feature of ‘endless internet’ where all data packs ensure continued internet availability even if the purchased volume is consumed before the pack’s expiry.The launch event, held at Aloki on Tejgaon-Gulshan Link Road, showcased RYZE’s innovative features and AI tools. The event was attended by key Banglalink leaders alongside prominent guests, influencers, students, and business p...