Bangladesh’s current account deficit hit an all-time high of $10 billion in just the first seven months of the ongoing fiscal year due to the escalation of trade deficit and dwindling remittances.

Brac Bank will host the 14th annual meeting of the Global Alliance for Banking on Values, a network of the most environmentally progressive and socially inclusive banks in the world.

Bank Asia has signed an agreement with Southeast University to provide student support loans for the attainment of honours and master’s degrees.

Padma Bank and Canadian University of Bangladesh have signed a memorandum of understanding (MoU) for academic - Industry collaborations.

Mutual Trust Bank (MTB) and bKash have launched round the clock digital cash management facilities for the mobile financial service provider’s distributors.

Standard Chartered Bank has donated a pressure swing adsorption (PSA) medical oxygen generation plant to Chattogram Maa-O-Shishu Hospital (CMOSH) in Agrabad of the port city yesterday.

Investors from anywhere in the world can now open an account at any branch of Sonali Bank through the one stop service portal of Bangladesh Investment Development Authority (Bida).

Global payments messaging network SWIFT has asked Bangladesh’s banks to suspend transactions with seven Russian lenders since they are facing sanctions from the United States and the European Union over Moscow’s invasion of Ukraine.

Default loans in the banking sector surged 16.38 per cent year-on-year to Tk 103,274 crore in 2021, rendering the relaxed loan classification policy unveiled by the Bangladesh Bank largely ineffective.

Remittances declined 16 per cent year-on-year to $1.49 billion in February, the lowest in the past 22 months, creating a further risk of widening the trade imbalance in the face of surging import bills.

Finance ministers of the Group of Seven most developed nations will meet Tuesday to discuss urgent aid for Ukraine, World Bank president David Malpass announced Sunday.

Dhaka Bank has reappointed Emranul Huq to the post of managing director and chief executive officer for a three-year term effective from February 22, 2022.

The Multilateral Investment Guarantee Agency (MIGA), a part of the World Bank Group, has announced the appointment of Junaid Kamal Ahmad as its vice-president for operations.

City Bank recently signed an agreement with Maldivian GSA Total Air Services Ltd.

Bangladesh Bank yesterday asked banks to draw up a recovery plan so that they can take time-befitting moves to resolve any downside risk emanating from default loans, liquidity crisis and some other factors.

Brac Bank will host a special training programme for the new and upcoming entrepreneurs in cottage, micro, small and medium enterprises (CMSMEs) to help them hone business knowledge and managerial skills so that they can run businesses properly.

United Commercial Bank (UCB) has decided to form a subsidiary in Singapore to acquire a remittance business.

An extraordinary leak from one of the world’s iconic private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.

City Bank promoted Sheikh Mohammad Maroof from the bank’s additional managing director to the post of chief business officer recently.

The Islamic Development Bank (IsDB) is set to provide $56 million to Bangladesh for an inclusive sanitation and hygiene programme.