The Bangladesh Bank yesterday refused to revisit its instruction that asked banks to set a higher interest rate on fixed deposits than the inflation rate despite pleas from lenders.

Prime Bank has retained its credit ratings for the long and short terms.  Emerging Credit Rating provided the “AA” and “ST-2” ratings respectively, valid till June 30, 2022, terming the associated outlook “stable”.

Al-Arafah Islami Bank (AIBL) has recently witnessed the election of a chairman and vice-chairman. 

Bangladesh’s trade deficit hit an all-time high of $22.27 billion last fiscal year due to a rise in commodity prices in the global market.

Bangladesh Bank yesterday showed little interest in mopping up excess liquidity from the banking system as it withdrew only 38 per cent of funds attracted from banks through an absorbent instrument.

HSBC Bangladesh has been named “International Retail Bank of the Year, Bangladesh” at the Asian Banking and Finance Retail Banking Awards 2021. 

Banks and the stock market will return to their normal activities from tomorrow as the government looks to partially reopen the economy despite a surge in coronavirus infections.

Brac Bank has been named as one of the 10 recipients of a Women Enterprise Recovery Fund in the Asia-Pacific region recently. 

Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the Covid-19 pandemic and rebounding bank profits.

Bangladesh Bank (BB) yesterday asked banks not to set interest rates on fixed term deposits below the inflation rate as it yields negative returns for savers.

Brac Bank has recently been named for a Best Cash Management Bank Award 2021. 

Iqbal Hossain Shaon works at a multinational company in Dhaka. He has to go out of the capital frequently for official purposes.

Bangladesh Bank yesterday decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.

The Bangladesh Bank yesterday decided to mop up excess liquidity as it is hurting banks, savers and small borrowers and threatening to create instability in the economy through asset bubbles.

A total of nine private banks have joined Brac to provide cash support and healthcare services across Bangladesh during the pandemic’s new wave. 

Mutual Trust Bank (MTB) has recently been recognised at an Asian Banking and Finance Awards 2021 for contributions in “Core Banking System Initiative of the Year–Bangladesh” and “Banking for Women Initiative of the Year–Bangladesh”. 

The cost of funds for women entrepreneurs has declined as the Bangladesh Bank yesterday said they would be able to borrow at a 5 per cent interest rate under one of its refinance schemes.

Bangladesh is on the cusp of an industrial revolution as incomes rise and technology plays an ever-increasing role in the economy, according to HSBC.

With the financial sector being weighed down by huge excess liquidity, banks have cut the interest rates on deposits at a faster pace than on loans, penalising savers and, to some extent, small borrowers.

Remittance flow to Bangladesh fell to a five-month low of $1.87 billion in July because of the post-Eid effects and fewer working days for banks.