Padma Bank, the erstwhile Farmers Bank, in a letter to the finance ministry recently has sought to be merged with any state bank that fits the bill, in what seems to be a desperate effort to avoid further deterioration of its financial health.

Moody’s Investors Service has assigned a Ba3 rating to Brac Bank amidst the ongoing Covid-19 pandemic.  Obligations rated Ba are judged to have speculative elements and are subject to substantial credit risk, according to Moody’s.

Bangladesh Bank has lent $100 million more to Sri Lanka to help the island nation stay afloat tackling a foreign exchange crisis.

The stock market regulator has approved Nagad’s zero coupon bond on condition that some regulatory requirements are fulfilled for raising Tk 510 crore in funds.

Bangladesh Bank has asked 10 banks to explain why they maintained a high interest rate spread for long depriving depositors.

Standard Chartered Saadiq Bangladesh has been recognised as “Islamic Bank of the Year” and “Best Islamic Retail Bank” at The Asset Triple A Islamic Finance Awards 2021 yesterday. 

Brac Bank has decided to raise Tk 600 crore by issuing a non-convertible bond with a view to providing home loans to the country’s lower and middle income groups.

Bangladesh Bank has further extended the period during which its relaxed loan classification policy would stay in effect, given the ongoing business slowdown brought on by the coronavirus pandemic.

Building homes or buying other properties require a large amount of funds. But there are many people who can’t afford to pay the entire cost out of their pockets.

After buying a record amount of US dollars last year, Bangladesh Bank has begun selling the American greenback following a decline in remittance and an increase in imports.

HSBC Bangladesh has recently partnered with Bangladesh Economic Zones Authority (Beza) and Brac to grow mangrove plantations in Mirsarai. 

The Bangladesh Bank (BB) yesterday said that the highest monthly transaction limit of Tk 2 lakh from person to person through mobile financial services (MFS) would remain unchanged.

Bengal Commercial Bank and Credit Rating Information & Services recently signed an agreement at the bank’s head office in Dhaka for the bank’s credit rating

Eastern Bank has recently signed an agreement with Asian Development Bank (ADB) under a trade finance programme.

The Taliban have appointed an acting head of Afghanistan’s central bank to help ease growing economic turmoil, more than a week after the Islamist movement seized the capital Kabul, a statement said on Monday.

When Alexander Graham Bell invented the telephone in 1876, little he did know his invention would be a tool to transform life, society and economy hundred years later.

Mercantile Bank Securities has recently witnessed the reelection of its chairman and vice-chairman at its 59th board meeting.

The Bangladesh Bank yesterday decided to roll out a fresh refinance scheme worth Tk 3,000 crore for the agriculture sector.

Shipbreaking and shipbuilding, small and medium enterprises, trading, agriculture and garment are the top five sectors that generated the highest level of bad loans in Bangladesh in 2020, official figures showed.

While Bangladesh Bank set the interest rate of farm loans at eight percent, farmers are having to pay more than three times higher even in desperate times like the coronavirus pandemic.