Bangladesh’s trade deficit hit an all-time high of $22.27 billion last fiscal year due to a rise in commodity prices in the global market.

HSBC Bangladesh has been named “International Retail Bank of the Year, Bangladesh” at the Asian Banking and Finance Retail Banking Awards 2021. 

Banks and the stock market will return to their normal activities from tomorrow as the government looks to partially reopen the economy despite a surge in coronavirus infections.

Bangladesh Bank yesterday showed little interest in mopping up excess liquidity from the banking system as it withdrew only 38 per cent of funds attracted from banks through an absorbent instrument.

HSBC Bangladesh has been honoured with the 2021 Asian Banking and Finance Award for International Retail Bank of the Year – Bangladesh. 

Banking operation returns to normalcy from August 11 as the government looks to partially reopen the economy despite a surge in infection of coronavirus.

Microcredit provider Brac has got approval to issue zero-coupon bonds worth Tk1, 350 crore through private placement.

Brac Bank has recently been named for a Best Cash Management Bank Award 2021. 

Iqbal Hossain Shaon works at a multinational company in Dhaka. He has to go out of the capital frequently for official purposes.

Bangladesh Bank yesterday decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.

The Bangladesh Bank yesterday decided to mop up excess liquidity as it is hurting banks, savers and small borrowers and threatening to create instability in the economy through asset bubbles.

Any banker with 10 years of work experience can now be appointed or promoted as chief financial officer (CFO) at any bank or financial institution.

The Bangladesh Bank today took a decision to mop up excess liquidity by way of allowing banks to invest their idle fund at an instrument namely “Bangladesh Bank Bill”.

The Bangladesh Bank today decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.

A total of nine private banks have joined Brac to provide cash support and healthcare services across Bangladesh during the pandemic’s new wave. 

Mutual Trust Bank (MTB) has recently been recognised at an Asian Banking and Finance Awards 2021 for contributions in “Core Banking System Initiative of the Year–Bangladesh” and “Banking for Women Initiative of the Year–Bangladesh”. 

The cost of funds for women entrepreneurs has declined as the Bangladesh Bank yesterday said they would be able to borrow at a 5 per cent interest rate under one of its refinance schemes.

Bangladesh is on the cusp of an industrial revolution as incomes rise and technology plays an ever-increasing role in the economy, according to HSBC.

With the financial sector being weighed down by huge excess liquidity, banks have cut the interest rates on deposits at a faster pace than on loans, penalising savers and, to some extent, small borrowers.

Nine private banks have partnered with BRAC in its campaign to strengthen its public awareness and emergency support across the country amid the fresh wave of the Covid-19 pandemic.