Le Méridien issues Tk 1,200cr bond to pay off loans
Best Holdings, the parent company of Le Méridien Dhaka, issued a bond to raise Tk 1,200 crore with a view to paying off its bank loans, which it
14 January 2019, 18:00 PM
Islamic banks' excess liquidity shrivels
Shariah-based banks saw a sharp fall in excess liquidity in the third quarter of last year because of aggressive investment to the point of violating the ceiling set by the central bank.
10 January 2019, 18:00 PM
Two new insurers may get licences
The government is set to hand out licences for new insurance companies although many newer insurers are yet to find a toehold in the industry
8 January 2019, 18:00 PM
State banks' cash recovery flatters to deceive
Despite the huge loan rescheduling spree, the four state-owned banks saw poor cash recovery from their top defaulters in the first nine months of 2018.
6 January 2019, 18:00 PM
Janata sinks into colossal losses
Janata Bank logged in losses of Tk 3,132 crore in the first nine months of 2018, a stunning reversal in fortune for the state-owned bank as loan irregularities finally take a toll.
2 January 2019, 18:00 PM
Voting in Lalmonirhat-3: First 3 hours peaceful, then come AL men
The first three hours were peaceful, even festive at times as people came in to cast their vote at the polling centres in the Lalmonirhat 3 constituency since early morning.
30 December 2018, 18:00 PM
Lalmonirhat-3: No respite for BNP even before polls day
While BNP supporters remained out of the field even on the day before the national polls fearing arrest and police harassment in Lalmonirhat-3 constituency, Awami League activists were active with last moment electioneering in support of the Jatiya Party candidate.
29 December 2018, 18:00 PM
Deposit growth shrinks on election pressure
Despite intense efforts to mobilise funds, the banking sector saw a sharp fall in deposit growth in October amid withdrawal pressure
24 December 2018, 18:00 PM
Farmers Bank: Dramatic rise in loan default
With Farmers Bank, no-one knows when the woos will end. And as days go by, more and more depressing statistics are coming out.
20 December 2018, 18:00 PM
AL recognises banking crisis
The ruling Awami League yesterday said it would take steps to rescue the ailing banking sector if it retains power, in an apparent recognition of the crisis that has been plaguing the industry for years.
18 December 2018, 18:00 PM
Higher expenses weigh on life insurers
Most of the life insurance companies spent more than they earned in April to June, putting a negative impact on life funds and eroding their capacity to settle claims.
16 December 2018, 18:00 PM
Bangladesh: most underinsured nation
Bangladesh is the most underinsured country in the non-life insurance category, standing to lose as much as 0.8 percent of GDP from natural disasters a year, said Lloyd's of London, one of the leading insurance markertplaces in the world.
15 December 2018, 18:00 PM
Remittance through MFS doubles in Oct
Remittance disbursement through mobile financial services (MFS) more than doubled in October compared to the previous month due
5 December 2018, 18:00 PM
Customers complain of high charge: study
The high service fee charged by mobile financial service (MFS) operators is turning out to be a major impediment to the growth of the sector, a recent study found.
29 November 2018, 18:00 PM
Scams, failures skipped, dev highlighted
The Bangladesh Bank has published a report on the banking sector development over the last 10 years ahead of the national elections,
25 November 2018, 18:00 PM
Sharp fall in consumer loans
Consumer borrowing growth has seen a sharp fall in June thanks to the tightening of the belts by the lenders when a cash crunch hit
18 November 2018, 18:00 PM
One-third life insurance claims unsettled: IDRA
Some 33 percent life insurance claims in Bangladesh remain unsettled thanks to weak financial health and lack of governance, and in the process erode people's trust in insurers.
10 November 2018, 18:00 PM
BKB, Rakub lending at a loss
Bangladesh Krishi Bank (BKB) and Rajshahi Krishi Unnayan Bank (RAKUB) have been lending at rates lower than their cost of funds, a
6 November 2018, 18:00 PM
BB's intervention fails to stabilise exchange rate
The foreign exchange market has been going through volatility because of the widening demand-supply gap of US dollars amid high
5 November 2018, 18:00 PM
Poor return raises concern for insurers
The insurance sector's returns on investment in fixed assets such as land, buildings, floors and flats have been minimal, raising
3 November 2018, 18:00 PM