Bangladesh Bank today asked banks to give priority to new clients while giving out loans from the stimulus package dedicated to the large service and industrial units.

Bangladesh Financial Intelligence Unit today asked banks to provide detailed information of accounts and transactions of Sayeed Khokon, former mayor of Dhaka South City Corporation.

Bangladesh Bank has decided to keep banks closed on August 1 and August 4 as Covid-19 infections have increased.

City Bank has recently signed an agreement with International Finance Corporation (IFC) to participate in a Global Trade Finance Program (GTFP) as a confirming bank.

Standard Chartered Bangladesh has recently been recognised as the “Best Bank in Covid-19 Initiatives” and “Best CSR Bank in Bangladesh” at BT Banking Award 2021. 

The Commercial Bank of Ceylon has recently witnessed the appointment of a new chief executive officer for its Bangladesh operations. 

The Bangladesh Bank has said holding or trading cryptocurrencies cannot be considered a crime although virtual coins are illegal under the laws of the country.

The Bangladesh Bank faces a complex situation as it draws up its monetary policy statement for the current fiscal year in the wake of escalating excess liquidity and ongoing business slowdown.

Standard Chartered Bangladesh has recently been awarded with the ‘Best Bank in Covid-19 Initiatives’ and ‘Best CSR Bank’ in Bangladesh at the BT Banking Award 2021.

In an effort to curb frequent foreign trips, Bangladesh Bank yesterday asked managing directors of non-bank financial institutions (NBFIs) to take its prior approval.

The CEOs of every financial institution will now need to take prior approval from Bangladesh Bank (BB) for travelling abroad be it for official purposes or personal.

People will be able to do banking activities from 10am to 1:30pm from tomorrow after a five-day shutdown.

The European Central Bank inched closer to a  “digital euro” on Wednesday with the formal launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens.

India’s move to ban Mastercard for breaching data storage rules has destabilized the country’s financial sector as it will disrupt bank card offerings and affect revenues, payments and banking industry executives said to Reuters. 

The government’s borrowing from the banking system declined sharply in the just-concluded fiscal year as it took on a staggering amount of debt through the sales of savings certificates and bonds.

Standard Chartered Bank Bangladesh has recently been recognised as the “Best International Bank” at Euromoney Awards for Excellence 2021. 

CDC Group, the development finance institution and impact investor of the United Kingdom, has extended a trade finance loan of $30 million to City Bank.

Loans written off by banks declined sharply in the first quarter of this year as the lenders’ capacity to keep 100 per cent provisioning against their delinquent assets has decreased because of the slowdown in their business.

Bangladesh can save $19.32 billion over the next five years, or about $4 billion annually, if it can eliminate errors and leakages in the social safety net programmes and cut administrative and transaction costs, according to Asian Development Bank.

Premier Bank recently witnessed the appointment of its new deputy managing director and chief business officer.