Khandakar Ruhul Amin has been re-elected as the chairman of the risk management committee of NRB Bank Ltd at a meeting of the bank’s board of directors recently.

Bangladeshis spend higher amount of money abroad through credit cards compared to the foreign nationals roaming inside Bangladesh, according to a central bank report released yesterday.

The insurance regulator of Bangladesh has finalised a framework enabling tech startups to innovate insurance policies, their distribution and other related tasks.

Prime Bank has decided to set up two subsidiaries to provide financial and asset management services.

Dutch-Bangla Bank Ltd (DBBL) is going to invest in a digital bank and form two subsidiaries in order to expand business in capital market, the bank said yesterday.

Digital banks operate exclusively online without traditional physical branch networks. Traditional brick-and-mortar banks have high operational costs,

The wholesale price of onion is again increasing in Bangladesh as farmers are quickly running out of stock due to an inadequate supply of the local variety, according to traders and growers.

HSBC says in its global research

The Trading Corporation of Bangladesh is going to buy 80 lakh litres of soybean oil in 2023-24 fiscal year.

Overall sales of flats declined nearly 17 per cent in the last fiscal year of 2022-23 owing to economic uncertainties and a rise in prices of raw materials, according to realtors. 

Microfinance institutions (MFIs) in Bangladesh witnessed an 85 percent year-on-year jump in non-performing loans in 2021-22 as borrowers struggled to pay back owing to the impacts of the coronavirus pandemic and the economic slowdown, official figures showed.  

For the first time, the central bank has published full-fledged data on stressed assets of banks, laying bare the sector’s deep ills that have been a subject in the public discourse for long as irregularities and scams often make headlines.

The net profit of seven overseas branches run by three Bangladeshi banks climbed more than 23 percent year-on-year to $5.30 million last year, central bank data showed.

Businesses have sought more time for the rationalisation of Bangladesh’s maiden tariff policy, reasoning that many industries still need more state protection to be ready to compete with their international peers. 

A number of policies and regulations need to be simplified for meeting the export diversification targets in national plans and export roadmaps, experts said. 

Bangladesh’s exports and imports as percentage of its gross domestic product (GDP) has been falling gradually, although the economy has continued growing by 6.5 percent annually in the last one decade.

United Commercial Bank (UCB) signed an agreement with NEC Money Transfer Ltd on remittance services.

Trade-GDP ratio halved when economy continued growing in a decade

Around 1.6 lakh customers have so far taken the loan

Agent banking, which helps bring banking services to unbanked people, continues to gain ground in Bangladesh as the number of accounts, deposit collection and loan disbursement are on the rise.