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Monday | September 07, 2026 | Dhaka

Business & Economy

Business & Economy

SBL, PPA sign deal

Business Desk :Sonali bank Limited (SBL) and Payra Port Authority (PPA) on Tuesday signed a loan agreement of Tk5430crore to develop the country’s 3rd port...

Md Ataur Rahman Prodhan, CEO and Managing Director of Sonali Bank Limited and Humayun Kallol, Chairman of Payera Port Authority, exchanging document after signing a loan agreement on Tuesday at the bank's head office on Tuesday. Under the deal, the Payra

Business & Economy

Md Ataur Rahman Prodhan, CEO and Managing Director of Sonali Bank Limited and Humayun Kallol, Chairman of Payera Port Authority, exchanging document after signing a loan agreement on Tuesday at the bank’s head office on Tuesday. Under the deal, the Payra port will get 524.56 million euros at 2.0 per cent interest rate with a grace period of three years. Sonali Bank will disburse the amount to the Payra Port Authority to maintain the dredging of Ramnabad channel and it will repay the loan in seven years in six monthly installments. Top officials from both parts were present.

City Bank approves 22.50pc dividend: Board of Directors of the City Bank limited declared 17.5 percent cash and 5 percent stock dividend for the shareholders.The decision came out at the bank's 38th Annual General Meeting (AGM) held on Wednesday through

Business & Economy

City Bank approves 22.50pc dividend: Board of Directors of the City Bank limited declared 17.5 percent cash and 5 percent stock dividend for the shareholders.The decision came out at the bank’s 38th Annual General Meeting (AGM) held on Wednesday through virtually. Aziz Al Kaiser, Chairman of the bank, presided over the meeting while Hossain Khaled, Vice Chairman, Tabassum Kaiser, Savera H. Mahmood, Hossain Mehmood; Rajibul Huq Chowdhury, Rafiqul Islam Khan, Syeda Shaireen Aziz, Savera H. Mahmood, Rebecca Brosnan, Directors, Farooq Sobhan, Dr. Salim Mahmud, Independent Directors, Mashrur Arefin, Managing Director & CEO, Md. Mahbubur Rahman, Deputy Managing Director & CFO and large number of shareholders and senior officials of the bank also attended the meeting, said a press release.