Five Shariah banks undergoing a merger are facing a massive collective liability of approximately Tk聽37,332 crore in fixed deposits owed to various banks and financial institutions, according to a report of the Bangladesh Bank released on Tuesday.
Banks identified 3,483 wilful defaulters who together owe about Tk 29,000 crore, according to a recent Bangladesh Bank report.
The government on Monday dismissed the 鈥榖aseless rumours鈥� being circulated on social media claiming that investors would incur losses due to the ongoing process of merging five Islamic banks.
Depositors, shareholders and employees of five crisis-hit Shariah-based banks are facing considerable uncertainty about their future as the government proceeds with the merger of the banks.
Poland will hike business taxes on banks from 19 to 30 per cent next year to offset greater defence spending, under a plan adopted by the government on Tuesday...
The dollar holdings of Bangladesh鈥檚 commercial banks declined in August despite a rise in remittance inflows and export earnings, as the central bank鈥檚 large-scale dollar purchases and increased import payments drained banks鈥� foreign currency balances...
Bangladesh Bank has finalised five proposed names as administrators for Islamic banks that are under consideration for a merger.
Bangladesh Bank has decided to appoint temporary administrators to each of the five struggling Shariah-based banks as part of its plan to merge them into a single entity under the Bank Resolution Ordinance.
The government has approved a consolidation plan for five struggling Shariah-based banks, agreeing to provide budgetary support of about Tk 20,200 crore to carry out the merger...
Cash held outside the banking system in Bangladesh climbed further in June, highlighting deepening public distrust in banks...
The garment manufacturers in the country raised concerns on Tuesday over severe disruptions to their financial operations caused by several troubled banks, according to a press release...
Bangladesh Bank has once again invited applications from investors to establish the country鈥檚 first digital banks, with an aim of ensuring faster and more accessible financial services through a fully branchless model...
The country鈥檚 banking sector has been facing deepening crisis, as bad loans continue to soar, capital buffers shrink, and profitability slips into negative territory, according to Bangladesh Bank鈥檚 latest quarterly report for January鈥揗arch 2025...
The Bangladesh Bank on Sunday raised the minimum paid-up capital requirement for a digital bank to Tk聽300 crore, more than double the previous threshold...
Jamuna Bank PLC has been recognised among the top 10 sustainable banks of 2024 by the Bangladesh Bank, said a press release...
Pubali Bank PLC has been recognised as one of the top 10 sustainable banks in Bangladesh in Sustainability Rating 2024 by the Bangladesh Bank, said a press release...
Agent banking outlets disbursed Tk 1.65 lakh crore remittances to rural areas in April鈥揓une this year, reflecting their growing role in bringing migrant workers鈥� earnings directly into the hands of families in remote parts of Bangladesh...
President Donald Trump said Tuesday that major US banks had turned down his business as part of an alleged pattern of political discrimination against conservatives that right-wing figures have long claimed...
Cash held outside the banking system in Bangladesh rose significantly in May, driven by Eid-related spending and deepening distrust in banks...
The government鈥檚 net borrowing from commercial banks decreased in the 2024鈥�25 financial year compared with the previous fiscal year, driven largely by a surge in foreign loan inflows...
Bangladesh Bank has decided to launch asset quality reviews of 11 more private commercial banks as part of its effort to uncover financial irregularities and take informed decisions about these banks鈥� future...
Finance adviser Salehuddin Ahmed on Sunday said that they were worried over the rise in deposits by Bangladeshis in Swiss banks...
The amount of money held under Bangladesh鈥檚 name in Swiss banks has surged dramatically, by around 23-fold in a year, raising concern over the nature and ownership of this fund...
Ten commercial banks collectively had over Tk 3 lakh crore in defaulted loans as of March 2025, accounting for nearly 71.4 per cent of the total Tk 4.2 lakh crore non-performing loans in the country鈥檚 banking sector...
Deposits in 10 well-performing private commercial banks surged by Tk 32,000 crore in the three months ending in March 2025, as depositors moved their funds away from financially weak institutions amid growing fears of collapse, persistent fund shortages, and distrust in bank management...
Banks rescheduled Tk 35,850 crore in defaulted loans during October-December period of 2024, with over 98 per cent of the rescheduling done by private banks...
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...
Bangladesh Bank governor Ahsan H Mansur on Wednesday聽said that there was a plan to merge Islamic banks to form two large 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.
The dollar holdings of Bangladesh鈥檚 commercial banks increased in February, supported by a rise in remittance inflows and export earnings, according to Bangladesh Bank data...
