Eastern Bank Ltd (EBL) yesterday won the title of ‘Bank of the Year 2021’ in Bangladesh awarded by London-based magazine The Banker.

Standard Chartered Bangladesh has won three awards at the “Mastercard Excellence Award 2021” held recently in Dhaka.

HSBC has been voted “market leader” and the “best service” in Bangladesh in the Euromoney Cash Management Survey 2021.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday approved a perpetual bond and a mutual fund.

Bangladesh Bank yesterday decided not to mop up any money from the market as a part of its efforts to ease the ongoing liquidity crunch in the banking sector.

HSBC is a global leader in sustainability space. The bank is also actively working in Bangladesh to support its customers to transition and help achieve their sustainability goals. It has arranged the country’s first sustainability linked loan and is working to raise awareness about sustainability financing. Kevin Green shares more in an email interview with The Daily Star.

Eleven banks faced a capital shortfall of Tk 27,918 crore in September, which exposed their fragile health.

Spending through credit cards maintained an upward trend in September as people kept flocking to online sites in the tourism and hospitality sector as the coronavirus crisis continues to wane.

Non-bank financial institutions have demanded postponement of the application of a Bangladesh Bank guideline that is seeking to restore credit discipline in the fragile sector.

LankaBangla Finance has recently received $21 million in foreign currency loans from two companies with prior approval from Bangladesh Bank. 

Prime Bank has won a bronze at an Efma-Accenture Banking Innovation Awards 2021 in an analytics and artificial intelligence category.  

Risks of a new Covid hit to economic activity are clobbering expectations for rate hikes next year from the world’s major central banks, a potential setback for the dollar and other currencies where wagers had been most aggressive.

With the culmination of climate change and its adverse impact, we are all concerned about our habitat, economy, life-style and future generation.

Parliament yesterday passed the Bankers’ Book Evidence Bill 2021, defining digitally recorded documents used in the ordinary business of banks as legal evidence admissible in court.

Banking services are set to come even closer to clients in Bangladesh as Bank Asia plans to roll out voice banking, allowing its clients to carry out transactions through conversation.

Standard Chartered Bangladesh has launched Digital Trade Counter to allow clients to submit trade transaction applications and related documents.

The provision base of banks in Bangladesh deteriorated further in the third quarter of 2021 because of an increase in bad loans, highlighting the worsening health of the banking industry.

Cross-border payments are inefficient, often slow, opaque and expensive. Worldwide businesses did $23.5 trillion cross-border transactions in 2020, which is equivalent to 25 per cent of global GDP.

Financially weak banks should consider mergers in a bid to reduce the pressure of default loans, according to Salman F Rahman, the prime minister’s adviser on private industry and investment.

In an upsetting development, default loans in the banking sector in Bangladesh have surpassed Tk 1 lakh crore after more than one and a half years despite a relaxed loan classification policy adopted by the central bank.