The HSBC in Bangladesh has structured the country’s first ever sustainability linked loan targeting the fifth sustainable development goal of gender equality, for DBL Group, one of the largest knit garment manufacturers and exporters of Bangladesh.

Loans written off by banks in Bangladesh nosedived as lenders’ ability to keep 100 per cent provisioning against delinquent assets has squeezed amid business slowdown caused by the coronavirus pandemic.

Selim RF Hussain, current managing director and chief executive officer of Brac Bank, has had his contract extended by around five more years till March 2026.

City Bank, one of the oldest banks in Bangladesh, yesterday rolled out its Islamic banking service in all branches and sub-branches throughout the country.

The recovery from default loans has failed to keep pace with escalating delinquent assets in Bangladesh, hitting banks’ income and cash flow.

Team ‘The Dependables’ clinched the national championship final of ‘BizMaestros 2021’ beating Team ‘Leftover Pizza’ at Radisson Blu Dhaka Water Garden, Dhaka recently.

HSBC has been voted “market leader” and the “best service” in Bangladesh in the Euromoney Cash Management Survey 2021.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday approved a perpetual bond and a mutual fund.

Bangladesh Bank yesterday decided not to mop up any money from the market as a part of its efforts to ease the ongoing liquidity crunch in the banking sector.

Bank Asia has won the ‘Excellence in Mastercard Remittance Innovation 2020-21’ Award at the “Mastercard Excellence Award 2021” event held in Dhaka recently.

Standard Chartered Bangladesh has won three awards at the “Mastercard Excellence Award 2021” event in Dhaka recently.

Bangladesh Bank Executive Director Md Masud Biswas has been appointed as the head of the Bangladesh Financial Intelligence Unit (BFIU) in status of deputy governor on a contractual basis.

Eleven banks faced a capital shortfall of Tk 27,918 crore in September, which exposed their fragile health.

LankaBangla Finance has recently received $21 million in foreign currency loans from two companies with prior approval from Bangladesh Bank. 

Prime Bank has won a bronze at an Efma-Accenture Banking Innovation Awards 2021 in an analytics and artificial intelligence category.  

Risks of a new Covid hit to economic activity are clobbering expectations for rate hikes next year from the world’s major central banks, a potential setback for the dollar and other currencies where wagers had been most aggressive.

With the culmination of climate change and its adverse impact, we are all concerned about our habitat, economy, life-style and future generation.

Parliament yesterday passed the Bankers’ Book Evidence Bill 2021, defining digitally recorded documents used in the ordinary business of banks as legal evidence admissible in court.

Spending through credit cards maintained an upward trend in September as people kept flocking to online sites in the tourism and hospitality sector as the coronavirus crisis continues to wane.

Non-bank financial institutions have demanded postponement of the application of a Bangladesh Bank guideline that is seeking to restore credit discipline in the fragile sector.