Kuwait fiscal reserves hit record $592b

Kuwait's financial reserves defied a slump in oil prices to hit a record 179.2 billion dinars ($592 billion) at the end of the 2014-15
9 July 2015

BRICS bank to finance energy projects from next year: Putin

Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects
9 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

MasterCard appoints co-presidents

MasterCard has announced the appointment of two co-presidents -- Ling Hai and Ari Sarker -- for the Asia-Pacific region, the company
9 July 2015

Agrani Bank re-appoints MD

Syed Abdul Hamid has recently been re-appointed as the managing director of Agrani Bank, the bank said in a statement yesterday.
9 July 2015

United Commercial Bank gets new DMDs

Sohrab Mustafa and Golam Awlia have recently been promoted as deputy managing directors of United Commercial Bank, the bank said in
9 July 2015

Banking from the comfort of one's home

Abdur Rob Patwary, a retired government employee, has never imagined that one day he would be able to pay utility bills from home.
8 July 2015

Malaysia ringgit hits 16-year low on political uncertainty

Malaysia's ringgit hit a 16-year low Monday on growing political uncertainty following allegations that a probe into a state investment
6 July 2015

New DMD for First Security Islami Bank

Md Mustafa Khair has recently been promoted as the deputy managing director of First Security Islami Bank.
6 July 2015

HSBC upgrades Bangladesh rating

Banking giant HSBC is optimistic about Bangladesh's economy as the country returned to normalcy after turbulent times earlier this
6 July 2015

WB plans big to fund connectivity

The World Bank is preparing a five-year country strategy for Bangladesh, putting its focus on connectivity to link the country with three
5 July 2015

BB must widen scope for hedging

Bangladeshi businessmen can hardly enjoy the benefits of hedging on import of basic commodities as the commercial banks are not
5 July 2015

World Bank removes critical section from China report

The World Bank has removed a critical portion from a recently released report on China's economy, saying the section had not been
5 July 2015

Dhaka Bank celebrates 20 years of operation

Dhaka Bank celebrated 20 years of its operation in Bangladesh through a slew of festive and charitable activities.
5 July 2015

15 firms seek large loan rescheduling facility

Fifteen conglomerates, including Beximco, have appealed to Bangladesh Bank for long-term loan rescheduling under the central bank's
2 July 2015

Banks' profits rise slightly

Most private banks saw their profits rise, though slightly, in the first six months this year despite political unrest and a cut in lending rates.
1 July 2015

BB toughens anti-money laundering steps for non-banks

Bangladesh Bank has tightened its rules for non-bank financial institutions against money laundering and terrorist financing, aiming to effectively check the menace.
1 July 2015

Plastic money keeps growing

The use of plastic money rose 5.5 percent in the third quarter of fiscal 2014-15 from the previous quarter as local consumers continue
30 June 2015

WB gives $473m for financial sector, disaster resilience

Bangladesh will get $473 million from the World Bank to build a strong financial sector and develop long-term disaster resilience in the
30 June 2015

Greece banking shutdown sparks global markets slump

World markets tumbled Monday as Greece shut its banks and imposed capital controls to halt a panic-driven run on ATMs, a day before
29 June 2015