IPDC Finance witnessed around 30 per cent growth in profits in the first half of 2021 despite the second wave of Covid-19 infections sweeping across Bangladesh.

Bangladesh Bank plans to form a company for the supervision of e-commerce platforms such that clients can feel secure in purchasing products and services from the digital outlets.

British bank Lloyds said Thursday that first-half net profits surged  on lower-than-expected credit losses as the economy extended its  recovery from the Covid-19 pandemic.

Bangladesh Bank has set a target to disburse Tk 28,391 crore in farm loans this fiscal year, up 8 per cent from that a year ago, aiming to combat the adverse impacts deriving from the Covid-19 pandemic.

Bangladesh Bank once again said yesterday that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country.

The latest monetary policy was declared yesterday, while the previous one was in July 2020. In my immediate reaction I want to question why monetary policies should come about on a yearly basis.

Despite record excess liquidity in the banking system and depressed credit growth, the Bangladesh Bank yesterday said it would continue its expansionary monetary stance in the current fiscal year to help the economy ride out the slowdown.

NRB Commercial Bank (NRBC) has had its earnings per share (EPS) grow 126 per cent year-on-year to Tk 1.11 in 2021’s second quarter. 

Deutsche Bank on Wednesday beat expectations with a surge in second-quarter profits after outperforming rivals in fixed income trading and raised its revenue outlook for next year. 

Banks will remain closed on Sunday and Wednesday next week as part of the government attempts to rein in the soaring cases of coronavirus, the central bank said yesterday.

Bangladesh Bank yesterday asked banks to prioritise new clients while giving out loans from the stimulus package dedicated to the large service and industrial units.

The Commercial Bank of Ceylon has recently witnessed the appointment of a new chief executive officer for its Bangladesh operations. 

The Bangladesh Bank has said holding or trading cryptocurrencies cannot be considered a crime although virtual coins are illegal under the laws of the country.

The Bangladesh Bank faces a complex situation as it draws up its monetary policy statement for the current fiscal year in the wake of escalating excess liquidity and ongoing business slowdown.

City Bank has recently signed an agreement with International Finance Corporation (IFC) to participate in a Global Trade Finance Program (GTFP) as a confirming bank.

Standard Chartered Bangladesh has recently been recognised as the “Best Bank in Covid-19 Initiatives” and “Best CSR Bank in Bangladesh” at BT Banking Award 2021. 

In an effort to curb frequent foreign trips, Bangladesh Bank yesterday asked managing directors of non-bank financial institutions (NBFIs) to take its prior approval.

Standard Chartered Bangladesh and Brac have announced launching an initiative to ensure economic self-reliance for migrant workers having to return home amidst the pandemic through skills training and entrepreneurship development. 

Brac Bank has recently witnessed the appointment of a new deputy managing director. 

Bangladesh Bank yesterday directed the country’s lenders to increase monitoring on how loans from the stimulus packages were being used as it found some cheap funds being channelled into unproductive sectors.