AB Bank recently promoted two officials to the post of deputy managing director.

In spite of the injection of $130 million into the market by Bangladesh Bank, volatility persisted in the foreign exchange market yesterday.

Bank chairmen along with the heads of executive, audit and risk management committees who hold directorships of associated subsidiaries or foundations will be able to continue to serve in the latter role till June next year, said Bangladesh Bank yesterday. 

IFIC Bank has received regulatory approval to raise Tk 500 crore through the issuance of unsecured, non-convertible bonds. 

Amid a US dollar crunch in the domestic market, many banks failed to comply with the exchange rates set by Bangladesh Bank a couple of days ago. 

Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.

The Bangladesh Bank yesterday directed non-bank financial institutions (NBFIs) to preserve all documents, either physically or digitally, related to loans, leases or investments until the repayment is complete.

Zarin Daruwala, cluster CEO for India and South Asia at Standard Chartered, had recently come on a four-day official visit to Bangladesh meeting regulators, clients and stakeholders.

The Hongkong and Shanghai Banking Corporation in Bangladesh has recently launched an instant, real-time payment collection solution developed with support from the Bangladesh Bank’s National Payments Switch of Bangladesh (NPSB).

Guardian Life Insurance and Bank Asia, a role model of agent banking in the country, recently signed a group insurance agreement.

Brac Bank has signed an agreement with Bangladesh Bank (BB) to become a participating financial institution of a “Supporting Post Covid-19 Small Scale Employment Creation Project” funded by Asian Development Bank (ADB).

Mercantile Bank recently signed a participation agreement with Bangladesh Bank to avail refinance fund under the “Supporting Post Covid-19 Small Scale Employment Creation Project (SPCSSECP).”

Bank Asia signed a participation agreement with Bangladesh Bank for refinance facility under the Supporting Post Covid-19 Small Scale Employment Creation Project (SPCSSECP).

Prime Bank has introduced a customised trade solution for its diverse local and global clients under which they will get a 24 hour service in 5 days a week, attending to the growing trade volume of its valued customers.

Bangladesh Bank will sit with the Association of Bankers, Bangladesh (ABB) today to discuss the ongoing foreign exchange volatility in the country’s banking sector.

One Bank recently signed a memorandum of understanding (MoU) with National Housing Authority for digitalisation of payment collection and operational management of Bostibashi Bharabhittik 533 Abashik Flat Project at Section-11, Mirpur in Dhaka.

Bangladesh Bank yesterday directed banks to increase lending to farmers at 4 per cent interest to encourage cultivation of import substitute crops, namely pulse, oilseeds and maize.

Employees of all banks operating in Bangladesh will not be able to travel abroad from now on as the central bank has stepped up its efforts to stop the foreign currency reserves from sliding further.

Bank Asia has been awarded a “Certificate of Appreciation” by Bangladesh Bank for its significant disbursement of stimulus loan under the special refinancing scheme of Tk 5,000 crore in agriculture sector.

A business meeting between Islami Bank Bangladesh and the JPMorgan Chase & Co was held at Pan Pacific Sonargaon Dhaka recently.