DBBL to raise Tk 5.0b issuing subordinated bond

Dutch-Bangla Bank Ltd (DBBL) will raise a capital worth Tk 5.0 billion issuing subordinated bond to strengthen the company’s capital base. The company’s board of directors has approved the proposal of issuing bond subject to the approval of the securities regulator and central bank, according to a disclosure posted on the website of Dhaka Stock Exchange (DSE). The objective of issuing bond is to increase the Tier-2 capital to meet the capital requirement under Basel-III and to strengthen the regulatory capital base of the bank.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dbbl-to-raise-tk-50b-issuing-subordinated-bond-1603723141

City Bank work with World Vision Bangladesh

City Bank will work with World Vision Bangladesh (WVB) to facilitate access to banking service to financially disadvantaged people. Initially, City Bank and WVB made a bilateral agreement to reach banking service through agent banking in Satkhira and Khulna. The agreement will improve financial inclusion through decentralising banking service to help country to attain SDGs. Mashrur Arefin, Managing Director & CEO of City Bank, and Suresh Bartlett, National Director of World Vision Bangladesh, signed the agreement.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/city-bank-work-with-world-vision-bangladesh-1603723339

bKash offers Tk 100 cashback

bKash has announced a Tk 100 cashback offer for first-time Add Money service users, reports bdnews24.com. They will also get a Tk 100 coupon to make payment at any Pizza Hut or KFC outlet. The customers will get the money back and the coupon the next working day after successful transaction of Tk 1,000 or more from bank cards or accounts on the bKash app. They can take the offer once during the campaign period between Oct 15 and Nov 30, 2020. bKash launched Add Money service last year which enabled the users to bring money to their bKash account easily from their bank accounts and cards. This service helped customers greatly during the coronavirus lockdown as they faced difficulties to make transaction through bank counters during the time. Besides doing bank transactions from home, customers can also avail a wide range of other bKash services like mobile recharge, send money, make payment, pay bill, and online shopping that ensured contactless transaction.

Source: https://today.thefinancialexpress.com.bd/trade-market/bkash-offers-tk-100-cashback-1603724218