Bangladesh Bank has suspended licences of five foreign exchange houses and served show-cause notices on 42 for their alleged involvement in the manipulation of US dollar prices in the kerb market.

As a partner bank, Bank Asia signed agreement with SME Foundation to receive revolving fund under Stimulus Package for distributing among SME entrepreneurs.

The Association of Bankers, Bangladesh (ABB) yesterday urged the central bank to make the inter-bank foreign exchange market vibrant in order to ease the ongoing forex pressure in the financial sector. 

Banks’ financing to the agriculture sector soared 13 per cent year-on-year to Tk 28,391 crore in the fiscal year 2021-22, exceeding their targets set by Bangladesh Bank.

Dhaka Bank Ltd reported an 18.75 per cent increase in profit in the April-June quarter of 2022. 

Dutch-Bangla Bank Ltd’s (DBBL) profit was marginally up in the April-June quarter of 2022 compared to a year ago.   

The Bangladesh Bank today asked banks not to purchase any vehicle in the next one year as part of the government’s efforts to cut import payments to tackle the ongoing forex volatility.

A little-known firm named SB Exim allegedly swindled Tk 200 crore from Bangladesh Commerce Bank Ltd (BCBL) using forged documents in the name of exporting terracotta tiles in 2018. 

The Bangladesh Bank yesterday asked banks to encash the term deposits of exporters’ retention quota (ERQ) balances.

The Bangladesh Bank today set a target for banks to cut their electricity and energy consumption for the next one year in keeping with the government’s move aimed at saving power amid deepening energy and foreign exchange crises.

The lifeblood of any company is its working capital. Starting with procurement to manufacturing, stockholding, selling and finally collecting receivables, a business is as efficient as its working capital management. This is where the transaction banking team of a bank can step in to support clients.    

Bangladesh Bank yesterday said it would not entertain any request beyond the rules stipulated in the latest rescheduling process it announced for defaulted

The City Bank Ltd posted a slightly higher profit in the second quarter of 2022. 

Standard Chartered Bangladesh has won the Asiamoney Best Bank Awards 2022 as the “Best International Bank” in Bangladesh.

Brac Bank yesterday announced a partnership with TerraPay to enable non-resident Bangladeshis abroad to send funds to Bangladesh in real time. 

Bangladesh Bank has formed the Credit Guarantee Department to expand its credit guarantee facilities and run their operations smoothly. 

Islami Bank Bangladesh Ltd posted a lower profit in the April-June quarter of 2022 compared to a year ago. 

The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.

Bank Asia Ltd signed an agreement with International Finance Corporation (IFC), a member of World Bank Group, for advisory services on “Risk Management and Credit Underwriting”.

Trust Bank registered a lower profit in the April-June quarter of 2022 compared to that in the period a year ago.