Islamic banks to be merged into 2 banks: Bangladesh Bank governor
Bangladesh Bank governor Ahsan H Mansur on Wednesday聽said that there was a plan to merge Islamic banks to form two large banks...
Banking
BRICS-backed bank to lend $1b to Bangladesh
The BRICS-established New Development Bank has planned to raise its lending to Bangladesh development projects to US$ one billion this year, a vice-president of the Shanghai-based multilateral lender said in Dhaka on Tuesday.
NPL recovery rises slowly amid surge in bad loans
The banks in Bangladesh have recovered Tk 9,791 crore in non-performing loans during the October鈥揇ecember quarter of 2024, posting a 23 per cent rise from Tk 7,960 crore in the same period of 2023...
Islami Bank sends MD Monirul on leave
Islami Bank has placed its managing director, Mohammed Monirul Moula, on a three-month leave effective from Monday...
bKash agents allowed to receive, transfer e-money all day long
bKash agents can now receive and transfer e-money all day long through Agent app, said a press release...
Tk 41,129cr bad loans written off by 10 banks
The top 10 banks in Bangladesh have collectively written off Tk 41,129 crore in bad loans by the end of December 2024, accounting for nearly half of the total written-off loans in the banking sector, according to Bangladesh Bank data.
Banks disburse Tk 22,125cr in farm loans in 8 months
Banks disbursed Tk 22,125 crore in agricultural loans during July-February period of the 2024-25 financial year, achieving 58 per cent of the total disbursement target for FY25, according to Bangladesh Bank data...
Meghna Bank, Akij Fair Value sign deal
Akij Fair Value, retail grocery chain of Akij Venture Group, has signed a merchant pay service agreement with Meghna Bank PLC to provide cashless grocery experience to its clients, said a press release.
Industrial term loan release drops
Industrial term loan disbursements declined in the October-December period of 2024 compared with the same period of the previous year, reflecting the ongoing economic distress driven by political unrest and sharp depreciation of the local currency.
bKash鈥檚 Send Money bundle cuts cost of sending salami
bKash customers can purchase Send Money bundle from 鈥楳y bKash鈥� section of bKash app to reduce cost of sending salami to multiple people, said a press release.
Shafiuzzaman joins SIBL as MD
Shafiuzzaman has joined Social Islami Bank PLC as managing director on Thursday, said a press release.
UK car loan scandal may cost banks billions
Banks may have to pay out tens of billions of pounds if the British Supreme Court upholds a judgment ruling controversial car loans are unlawful, in a case beginning in April.
BB raises transaction limits for MFS users
The Bangladesh Bank on Thursday raised transaction limits for mobile financial services such as bKash, Rocket and Nagad, allowing customers to conduct larger transactions and maintain higher account balances...
BB urged to lift dividend ban on errant banks
The Bangladesh Association of Banks (BAB), a platform representing private bank owners, on Tuesday urged the central bank to allow banks to declare dividends as before, even if they have availed deferral facilities for provisioning against default loans.
Mastercard launches holiday campaign
Mastercard has announced launch of its 鈥楳astercard Holiday Spend Campaign 2025,鈥� said a press release.