BB warns state banks as risks mount

The central bank has issued a stern warning to the four state-run commercial banks for their failure to improve their financial conditions, saying observers will be put in place if the situation does not improve.
9 August 2015

Japan promises record $2b loan to the Philippines

Japan has pledged about $2 billion in soft loans to upgrade the Philippines' crumbling railway system in Tokyo's biggest ever support
6 August 2015

EU's Juncker hopeful of Greek debt deal by August 20

European Commission head Jean-Claude Juncker believes an agreement on a third bailout for Greece is likely this month, hopefully by
5 August 2015

Standard Chartered slashes dividend on profit slump

Asia-focused British bank Standard Chartered slashed dividends by 50 percent on Wednesday after profits plunged in the first half of
5 August 2015

BB starts talks with banks on Basel III

Bangladesh Bank has taken an initiative to improve banks' financial health by increasing their capital adequacy ratio (CAR) in line with
5 August 2015

Electronic money flow to grow manifold

Electronic transactions -- both mobile cash and online sales -- are tipped to cross the $300 billion-mark annually in the next five
5 August 2015

New BB rules to impact business of mobile financial service providers

The central bank's revised guideline on mobile financial services (MFS), now a draft, may impact business, ownership structures and competitiveness in the increasingly growing sector, a market research firm and securities analyst said.
3 August 2015

Bank borrowing by govt jumps five times

The government's borrowing from the banking system increased five times in the first 29 days of the fiscal year from a year earlier on the back of revenue mismatch.
2 August 2015

Rate cuts hinge on inflation's downward curve: BB

The central bank yesterday signalled cuts in policy rates in the coming months if inflation continues its downward trend.
30 July 2015

Islami Bank moves up in global ranking

Islami Bank Bangladesh has moved 16 notches up to rank 954th in 2015 among the top 1,000 banks of the world by The Banker magazine of the UK.
28 July 2015

NCC Bank gets new chair, vice-chair

SM Abu Mohsin and Sohela Hossain have been elected as chairman and vice chairman of NCC Bank, the bank said in a statement yesterday.
28 July 2015

BB bars traditional banks from Islamic banking

The central bank's decision not to allow conventional banks to convert into Islamic banks has frustrated half a dozen lenders.
28 July 2015

BB raises farm loan disbursement target

The central bank has raised the farm loan disbursement target by 5.5 percent to Tk 16,400 crore for the current fiscal year compared to the target last year.
27 July 2015

Call money market remains calm

The call money market, which usually gets volatile during the Eid, has remained calm this year, indicating that the financial institutions
16 July 2015

Boosting investment is a big challenge for BB

Finding ways to boost investment and growth is the next biggest challenge for the central bank's upcoming monetary policy, analysts
14 July 2015

Mobile banking to get a further boost

Mobile banking will get a further boost as the central bank proposes to channel all financial payments through mobile phones under
14 July 2015

IMF loan scheme ushers in an era of reforms

The International Monetary Fund's Extended Credit Facility loan, which ushered in some major reforms in the economic field, is nearing
12 July 2015

No bank borrowing by govt last fiscal year

The government did not borrow from the banking system last fiscal year; rather it repaid a big portion of debts.
11 July 2015

IPO funds rise 33pc

Some 15 companies and one mutual fund entered the stockmarket last fiscal year, raising about Tk 1,246 crore through initial public
11 July 2015

Top officials of National Bank of Pakistan visit Bangladesh

Muneer Kamal, chairman of National Bank of Pakistan, and Syed Iqbal Ashraf, president, yesterday left Dhaka after completing their four-
9 July 2015