The legal framework for handling non-performing loans (NPLs) in Bangladesh has become dysfunctional, allowing wilful defaulters to exploit loopholes and delay repayment, according to a report by the task force on economic reforms...
The Bangladesh Export Import Company Limited incurred a loss of Tk 243 crore in the second quarter (October-December) of the financial year 2024-25, losing Tk 2.58 per share....
Meghna Bank PLC hosted corporate banking conference titled 鈥楧riving Excellence - Corporate Banking Performance 2024 and Future Strategies鈥� at Lakeshore Heights Hotel in the capital Dhaka on January 23, said a press release...
Mercantile Bank PLC organised a daylong session titled 鈥楰nowledge Sharing on Shari鈥檃h Banking: an Interactive Session鈥� at Fars Hotel in the capital Dhaka on Saturday, said a press release...
Pubali Bank PLC on Wednesday inaugurated Islamic banking corner at its Khamarbari branch in the capital Dhaka, said a press release...
BRAC Bank has partnered with Bastob to provide the latter with exclusive employee banking, or EB, services, said a press release...
Mutual Trust Bank PLC on Sunday announced the name of its rebranded internet banking platform, now called MTB Neo, said a press release...
BRAC Bank recently partnered with Intercloud Limited to provide exclusive employee banking services, according to a press release...
The weighted average interest rate gap between deposit and lending rate in banking sector remained above 5 per cent for the past 10 consecutive months, depriving depositors of significant interest earnings...
Pubali Bank PLC chairman Monzurur Rahman on Thursday instructed the bank鈥檚 officials to conduct banking operations by following rules and regulations of the Bangladesh Bank and the regulatory body, said a press release...
National Bank Limited has recently completed migration to a upgraded core banking system called Temenos Release 22, said聽 a press release...
The Bangladesh Bank has enlisted global auditing firms Ernst & Young (EY) and KPMG to evaluate the asset quality of six banks currently mired in financial irregularities and corruption. The audit, funded by the Asian Development Bank, is part of efforts to restore transparency and accountability in the banking sector...
Private sector credit growth in Bangladesh fell sharply to 7.66 per cent in November, the lowest in 41 months, intensifying challenges in the banking sector and the broader economy...
Southeast Bank PLC organised the 鈥楢nnual Agent Banking Conference 2025鈥� at the bank鈥檚 head office on Saturday inaugurated by its chairman MA Kashem...
The banking sector鈥檚 deep-rooted challenges, systemic corruption and years of unchecked scams driven by political exploitation were exposed after the August 5 political change and the revelations prompted the...
Finance adviser Dr Salehuddin Ahmed has announced that the interim government is working to establish a centralised information hub for financial and social data, aiming to enable investors to access all necessary information with a single click....
Deposits at Shariah-based banks in Bangladesh dropped by Tk 11,781 crore, leading to a negative liquidity position of around Tk 2,000 crore in September, as public confidence plummeted following widespread loan scandals and irregularities...
Bangladesh Bank is drafting separate rules to regulate the Islamic banking system in the country, a move that has stirred mixed reactions among bankers and analysts...
The country鈥檚 apparel makers are facing significant challenges in banking processes, particularly with issues related to raw material imports and export proceeds receipts, according to a study...
Distressed assets in Bangladesh鈥檚 banking sector surpassed Tk聽6.75 lakh crore at the end of FY24, an amount equivalent to the cost of 13.5 Dhaka Metro systems or 22.5 Padma Bridges, according to a...
THE Bangladesh Bank tightening loan classification rules by shortening the period of overdue loans to become non-performing to six months from nine months is welcome. The rules aligned with international practices, issued in a circular on November 27, would give a clearer picture of non-performing and bad loans in the banking sector. The rules are likely to help the authorities regulate the banking sector more...
Excess liquidity in the county鈥檚 banking sector increased slightly in September after a sharp fall in the previous couple of months...
Finance adviser Salehuddin Ahmed on Tuesday said that they had no plan to close down troubled banks despite they were limping...
WHEN a renowned international credit rating agency such as Moody鈥檚 downgrades a country鈥檚 credit ranking or its outlook on the banking sector, it entails some consequences for the country. The agency on November 18 downgraded Bangladesh鈥檚 credit rating to B2 from B1, citing heightened political risks and lower growth. It also downgraded its outlook...
THE volume of non-performing loans in the banking sector had already been grim during the toppled Awami League. An even grimmer picture is reported with a staggering Tk 2.85 crore in default loans in September, which is a radical increase from what was reported earlier this year. The central bank data show that the defaulted loans shot up to...
The volume of non-performing loans in the banking sector surged to a staggering Tk 2.85 lakh crore in September after the implementation of stricter regulatory practices, the minimisation of...
The net sales of national savings certificates soared in the July-September period in the financial year 2024-25, as many depositors turned to such stable, low-risk investment instruments amid concerns over the health of country鈥檚 banking sector...
INSIGHTFUL but metaphorical, the statement 鈥榙epositors are the true owners of a bank鈥� captures the dynamic between banks and their depositors. The faith and confidence of...
Cash held outside the country鈥檚 banking system decreased in September after a five-month increase, as depositors began returning their funds to banks amid their improved...
Deposit collection through agent banking increased by 22 per cent in the April-June period of 2024 compared with that in the same period of the previous year.