GP logs hefty profits

Grameenphone logged Tk 655.70 crore in net profit in January-March -- the operator's highest ever in a single quarter with an
23 April 2017

Cybercriminal Lazarus group hacked Bangladesh Bank

Cybercriminal gang Lazarus group carried out the $81 million Bangladesh Bank cyber heist, not the other groups named since the February 2016 incident, according to a top researcher of cyber security firm Kaspersky Lab.
19 April 2017

Asian Development Bank awards essay competition winners in Bangladesh

The Asian Development Bank (ADB) awards four winners of an essay competition celebrating its 50th founding anniversary.
19 April 2017

Singapore, Germany passports tie as world’s most powerful

Singapore’s passport takes top spot -- in a tie with Germany -- in a global ranking of the world’s passports.
19 April 2017

Prime Bank writes off Bismillah Group loans

Prime Bank has written off Tk 300 crore embezzled by Bismillah Group in order to clean up its balance sheet.
16 April 2017

Russian governor wants to recruit doctors from Bangladesh

Governor of Leningrad in Russia Oblast Alexander Drozdenko expresses his interest in recruiting skilled manpower specially doctors from Bangladesh.
16 April 2017

SC clears way for BB to take actions against NRB Bank’s chair, MD

The Supreme Court clears the way for Bangladesh Bank to take legal action against NRB Commercial Bank’s chairman and managing director for failing to protect the interest of its depositors and shareholders.
12 April 2017

Bangladesh yet to benefit from second submarine cable

The ICT sector is being deprived of the benefits of the country's second undersea cable, as its inland link is still not ready for
11 April 2017

Banks need a central database of collateral

The banking sector needs a central database of collateral as there is a tendency among borrowers to take multiple loans against a
11 April 2017

Banks step up efforts to cut cost of funds

Private banks have now turned their focus on bringing down their cost of funds to get a competitive edge over peers in the saturated
11 April 2017

Prime Bank official gets 15yrs jail for misappropriating money

A special court in Pabna hands down a fugitive banker 15 years of imprisonment in a corruption case filed by Anti-Corruption Commission (ACC) and imposes a fine of over Tk 66.39 lakh.
10 April 2017

Tourists sidestep Bangladesh

Bangladesh has remained an unattractive destination for tourists, with the country coming in at No. 125 in a ranking
9 April 2017

BB hikes credit card, consumer loan limits

Bangladesh Bank has doubled the credit card limit and extended the personal loan ceiling to support investment growth by stimulating consumption in the economy.
5 April 2017

Set up a bank for easy inflow of remittance

The Global Human Development Report suggests Bangladesh set up a remittance bank for easy and transparent inflow of the foreign wage earnings into the country.
5 April 2017

Exports rise on boost from apparel, jute

Export earnings grew 3.97 percent year-on-year to $25.94 billion in the July-March period of the current fiscal year on the back of higher shipments of garments, jute and jute goods and leather and leather products.
5 April 2017

Sweets for tax payers on Chaitra Sankranti: NBR

For the very first time in its history, the National Board of Revenue (NBR) is going to offer sweets to the tax payers marking Chaitra Sankranti – the end of the last month of the Bangla Year. In line with Bangla tradition, NBR will also celebrate Halkhata on Pahela Baishakh, the first day of Bangla New Year.
5 April 2017

More evidence NKorea linked to Bangladesh Bank cyber heist: Kaspersky Lab

Cyber security firm Kaspersky Lab says it has obtained digital evidence that bolsters suspicions by some researchers that North Korea was involved in last year's $81 million cyber heist of the Bangladesh central bank's account at the Federal Reserve Bank of New York.
4 April 2017

New CEO for Social Islami Bank

Shahid Hossain joined Social Islami Bank (SIBL) as chief executive officer on Wednesday. The bank also promoted Tarik Morshed as its additional managing director.
30 March 2017

State banks saw rapid credit growth in 2016

Four state-owned commercial banks saw higher credit growth at the end of December last year thanks to a surge in lending to small businesses.
30 March 2017

Bangladesh Bank heist 'state-sponsored': FBI official

The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer in the Philippines, who has been involved in the investigations, says.
29 March 2017