Banks witness steady growth in deposits
Deposits in the country鈥檚 banking sector grew by 7.9 per cent in February compared with that in the same month in 2024...
Tags : Banking
PBIL, EDGE sign deal on investment banking
Prime Bank Investment Limited and EDGE Research and Consulting Limited have recently signed an agreement to provide investment banking services to a wide range of institutional clients...
Cash outside banks drops further in Feb
Cash held outside the banking system in Bangladesh continued to decline in February, signalling a gradual shift in depositor sentiment after years of distrust driven by scandals, instability and corruption...
StanChart launches freelancer account
Standard Chartered Bank Bangladesh on Sunday introduced a dedicated banking service for freelancers, offering a fully digital and charge-free account named the 鈥楽tandard Chartered Freelancer Account鈥�...
Govt鈥檚 bank borrowing jumps to Tk聽51,981cr
The net government borrowing from the country鈥檚 banking sector surged in the July鈥揗arch period of the 2024鈥�25 financial year compared with that in the same period a year earlier, as it ramped up borrowing to address budget deficit ahead of the financial year鈥檚 end...
Banks urged to cut bad loans
Economists, researchers and academics have emphasised curtailing non-performing loans to ensure good governance in the banking sector and make the country鈥檚 economy vibrant...
Nurullah joins Bank Asia as AMD
Nurullah Chaudhury has joined Bank Asia PLC as additional managing director and chief wholesale banking officer on Monday...
City Bank gets new heads of wholesale banking, corporate banking
City Bank has announced the appointment of Mesbaul Asif Siddiqui, DMD, as its new head of Wholesale Banking. Prior to this role, he served as the chief risk officer of the bank...
E-returns to be joined with banking system
National Board of Revenue chairman Abdur Rahman Khan on Tuesday said that the NBR was exploring ways to integrate online tax returns with banking system...
Shariah banking work for poverty alleviation: Khalid
Religious affairs adviser Professor AFM Khalid Hossain has said that Sharia banking plays an important role in poverty alleviation and ensuring income inequality...
UniCredit gets ECB approval on Commerzbank stake
Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to up its stake in Commerzbank, but warned there were still hurdles ahead before a possible takeover of its German rival.
Bangladesh Bank dissolves boards of 3 more private banks
The Bangladesh Bank on Wednesday reconstituted boards of directors of three more private commercial banks, extending its restructuring efforts in the banking sector following the political transition on August 5...
Moody鈥檚 downgrades Bangladesh banking outlook to negative
Moody鈥檚 Ratings has downgraded the outlook for Bangladesh鈥檚 banking system from stable to negative, citing rising asset risks, weakening economic growth, and high inflationary pressures...
Pvt sector credit growth plunges
Private sector credit growth in Bangladesh fell sharply to 7.15 per cent in January, deepening challenges in the banking sector and the broader economy...
Savers face persistent negative returns on deposits
The weighted average interest rate gap between deposit and lending rate in banking sector remained above 5 per cent for the past 11 consecutive months, depriving depositors of significant returns on their savings.
Remittances through agent banking rises to Tk 1,73,390cr
Disbursement amount of inward remittances through agent banking rose 21.16 per cent to Tk聽1,73,390.72 crore at the end of December 2024.
Banks in Bangladesh face Tk 1 lakh cr provision shortfall
The banking sector鈥檚 provision shortfall crossed Tk 1 lakh crore for the first time in December 2024, marking a staggering 337 per cent growth in just six months due to increased distressed assets in banks, especially in private commercial ones...
Prime Bank launches Sadaqah Jariyah account
Prime Bank PLC has launched 鈥楽adaqah Jariyah鈥� account, a new Islamic banking product that will allow customers to donate to charitable causes continuously, said a press release...
BB to ensure 50pc women staff in agent banking: governor
Bangladesh Bank governor Ahsan H Mansur on Tuesday said that the central bank would soon issue a circular ensuring that 50 per cent workforce of the agent banks would be women...
Nexus Sweater uses Payroll Banking of Southeast Bank
Southeast Bank PLC has signed a memorandum of understanding recently with NEXUS Group for providing workers鈥� wages and other banking services...
Islamic banks鈥� liquidity surges amid BB bailout
Excess liquidity in Islamic banks surged by Tk 9,272 crore in December compared to September 2024, mainly due to the Bangladesh Bank鈥檚 massive bailout to crisis-hit shariah-based banks...
Default loans hit record Tk 3.45 lakh crore
The volume of non-performing loans in the country鈥檚 banking sector has skyrocketed by Tk聽2 lakh crore in just one year, reaching a staggering Tk聽3.45 lakh crore at the end of December 2024...
Lending, deposit through agent banking surge
Lending and deposit collection through banks鈥� agent banking outlets advanced in October-December period of 2024 compared with that in the same period of the previous year...
Banks鈥� excess liquidity hits Tk 2.15 lakh crore in December
Excess liquidity in the county鈥檚 banking sector soared in December as depositors returned their money in banks as confidence crisis had appeared to be eased.
Bank deposits surge by Tk 35,743cr in Oct-Dec
Deposits in the country鈥檚 banking sector increased by about Tk 35,743 crore in the three months ending in December 2024, indicating a gradual recovery of depositors鈥� confidence...
Agrani Bank hosts seminar on risk management in banking
Agrani Bank PLC organised a seminar titled 鈥楢wareness about Risk Management in Banks鈥� at its training institute in the capital...
BANKING SECTOR: Legal complexities worsen default loan crisis
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...
Beximco incurs losses amid banking crisis, factory halt
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 holds corporate banking conference
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...
MBPLC holds knowledge sharing session on Shariah banking
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...