Fighting inflation: BB treads a tight rope

A key role of central banks is to conduct monetary policy to achieve price stability and help attain targeted economic growth.
21 June 2022, 02:30 AM

City Bank bond makes trading debut

Trading of City Bank Perpetual Bond yesterday began at the Dhaka Stock Exchange (DSE) under settlement category “N”.
20 June 2022, 18:00 PM

Midland Bank strengthening digital banking

Midland Bank has focused on further strengthening its digital banking means instead of expanding its network of branches aggressively so as to attract more tech-savvy clients, said Managing Director Md Ahsan-uz Zaman. 
20 June 2022, 04:30 AM

Ensure banking services for the flood-hit

Bangladesh Bank yesterday asked banks to continue providing banking services to clients in the flood affected areas of the country through their offices in adjacent places that remain unaffected.
19 June 2022, 18:00 PM

BB to review FBCCI plea to ease rules of loan classification

Bangladesh Bank yesterday said it would review a proposal from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to reinstate the relaxed loan classification policy until December this year.
17 June 2022, 08:00 AM

Bangladeshi individuals, Banks: Deposits with Swiss banks rise 55pc

Funds deposited by Bangladeshi citizens and banks with different Swiss banks witnessed a massive rise of 55 percent to 871 million Swiss francs (CHF), about Tk 8,266 crore, in 2021 compared to the previous year.
16 June 2022, 18:00 PM

BB-Bank Asia training for small entrepreneurs

Bank Asia Ltd, in association with Bangladesh Bank, recently organised a month-long “Entrepreneurship Development Programme” for small-and-medium entrepreneurs in Cox’s Bazar.
16 June 2022, 18:00 PM

ADB gives $143m to help enhance cross-border trade

The Asian Development Bank (ADB) will provide a $143 million policy-based loan to Bangladesh to improve the volume, efficiency, predictability, and security of cross-border trade in the country.
16 June 2022, 18:00 PM

Bank vendors can’t be those of high-ups: BB

Bangladesh Bank yesterday asked banks to refrain from procuring goods and services from firms in which directors and high officials of the lenders have ownership, be it direct or indirect. 
16 June 2022, 04:30 AM

Global Islami Bank IPO gets nod

Global Islami Bank got the nod to raise funds of Tk 425 crore from the stock market by offloading ordinary shares through an initial public offering (IPO).
15 June 2022, 18:00 PM

Resolve complaints seriously

Bangladesh Bank yesterday asked banks to seriously look into and resolve complaints of clients over their financial services so that none faces further hassles. 
14 June 2022, 03:30 AM

40 entrepreneurs get loan from Midland Bank

Midland Bank in collaboration with Usha Foundation, a non-government organisation, disbursed a loan of Tk 1 crore, out of Tk 4.50 crore, among 40 entrepreneurs of Jamdani Cluster in Narayanganj.
12 June 2022, 18:00 PM

StanChart Saadiq Bangladesh wins award

Standard Chartered Saadiq Bangladesh has won an award at Digital CX Awards 2022 in the category of digital customer experience across the financial services ecosystem.
12 June 2022, 18:00 PM

BRB Hospitals offers discounts to IBBL cardholders

Islami Bank Bangladesh Ltd (IBBL) recently signed a memorandum of understanding with BRB Hospitals enabling up to 25 per cent discount at the hospital for the bank’s cardholders, officials and their family members.
12 June 2022, 18:00 PM

Eastern Bank, DSE launch Visa credit card

Eastern Bank has launched a co-brand credit card with Dhaka Stock Exchange (DSE) and Visa exclusively for the stock market employees and its trading right entitlement certificate (TREC) holder companies.
11 June 2022, 18:00 PM

Ten banks face capital shortfall of Tk 27,051cr

Ten banks in Bangladesh collectively faced a capital shortfall of Tk 27,051 crore in March, an indication of their fragile health caused by years of irregularities.
9 June 2022, 04:30 AM

City Bank attains higher credit rating

City Bank’s credit ratings have recently been upgraded by the Credit Rating Agency of Bangladesh, the long term from AA2 to AA1 and the short term from ST-2 to ST-1.
7 June 2022, 18:00 PM

Banks’ provision shortfall widens

The provisioning scenario of banks in Bangladesh further deteriorated in the first quarter of this year for an increase in default loans, an indication of the banking industry’s health having worsened. 
7 June 2022, 04:00 AM

BB sets aside Tk 200cr for flood-hit farmers

Bangladesh Bank has set aside Tk 200 crore to help farmers in six flood-affected districts overcome their losses, according to a Bangladesh Bank circular issued yesterday.
6 June 2022, 18:00 PM

Mercantile Bank puts sustainability at heart for growth

Mercantile Bank Ltd has targeted sustainable long-term business growth as part of its plans to become the top financial institution in Bangladesh in terms of sustainability, said its top executive.
3 June 2022, 06:00 AM