BB okays Tk 3,000cr loan at 4pc interest for ICB
The Investment Corporation of Bangladesh has received approval from the Bangladesh Bank for a Tk 3,000 crore-loan at a reduced interest rate of 4 per cent, down from the initial 10 per cent...
Tags : bangladesh Bank
IMF concerned over high inflation in Bangladesh
The International Monetary Fund on Tuesday expressed deep concerns to the Bangladesh Bank over the persistently high inflation in the country...
Remittance rises by 26pc in July-Nov
Remittance inflow to Bangladesh has maintained a record-breaking trend, staying above $2 billion for the fourth consecutive month in November, according to Bangladesh Bank data...
Credit card interest rate limit set at 25pc
The Bangladesh Bank on Sunday imposed the maximum interest rate for credit card loans, setting it at 25 per cent...
BB extends FE loan tenure for capital machinery imports
The Bangladesh Bank has extended the tenure for foreign exchange loans under buyers and suppliers credit for importing capital machinery, allowing industrial entrepreneurs to secure loans for three years instead of one...
Bangladesh Bank DG Nurun Nahar removed from two key departments
Deputy governor of the Bangladesh Bank Nurun Naharhas been removed from two more sensitive key departments of the central bank...
Transactions thru MFS increase
The volume of transactions through the mobile financial services increased in September for the second month...
Bangladesh Bank prints notes, injects Tk 22,500cr to聽6 troubled banks
Bangladesh Bank governor Ahsan H Mansur on Thursday said that the central bank has provided Tk聽22,500 crore in liquidity support to six struggling banks to ensure customers can withdraw funds from Sunday onward.
No need to submit monthly statements of buyer鈥檚 credit: BB
The Bangladesh Bank on Thursday said that authorised dealers or ADs were no longer required to submit monthly statements of buyer鈥檚 credit...
A welcome step that needs proper implementation
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...
NPL classification period reduced by 3 months
The Bangladesh Bank on Wednesday tightened loan classification rules by reducing classification period of overdue loans into non-performing ones to six months that was previously nine months...
Affected importers given 8 years to repay loans
Importers, who faced losses due to foreign exchange rate spikes, can now repay their loans over a maximum period of eight years...
Excess liquidity in banks inches up
Excess liquidity in the county鈥檚 banking sector increased slightly in September after a sharp fall in the previous couple of months...
Pvt sector short-term foreign loans drop
The amount of private sector short-term foreign loans dropped to $10.72 billion in September, hitting its lowest in three years and six months amid slow business and increased repayments...
BB urges banks to rebuild global image after Moody鈥檚 downgrade
The Bangladesh Bank on Monday asked the country鈥檚 commercial banks to devise strategies to restore their global reputation following the Moody鈥檚 recent downgrade of Bangladesh鈥檚 long-term sovereign credit rating...
Moody鈥檚 鈥榤oody鈥� rating downgrades Bangladesh
MOODY鈥橲 Investors Service has recently downgraded the credit rating for Bangladesh from B1 to B2 and changed the outlook for the economy from stable to negative. Credit ratings by rating agencies affect a country鈥檚 prospects for borrowing from the international capital market as well as its attractiveness for foreign investment...
Some BB officials demand removing 2 dy governors
A group of Bangladesh Bank officials on Sunday again urged the interim government to remove two deputy governors, Nurun Nahar and Habibur Rahman, who were appointed during the tenure of Awami League-led government deposed on August 5 through a mass uprising...
ACC to grill 17 BB officials
The Anti-Corruption Commission on Thursday summoned 17 officials of Bangladesh Bank for interrogation in connection with the embezzlement of money through sanctioning loans of thousands of crores of taka...
Moody鈥檚 ratings fail to reflect positive changes in economy, says BB
The Bangladesh Bank on Thursday said that the recent ratings given by Moody鈥檚 rating agency did not appropriately reflect the positive changes that happened in the political and economic areas following the August mass uprising in the country...
BB announces 10pc incentive for agro-processed product export
The Bangladesh Bank has introduced a 10 per cent cash incentive for the export of agricultural and agro-processed products...
Banks鈥� provision shortfall nearly doubles in Sept
The shortfall in provisions in the country鈥檚 banking sector nearly doubled at the end of September due to increased distressed assets in banks, especially in the state-run ones...
BB issues guidelines for operations of business in Bangladesh by JVs
The Bangladesh Bank has issued guidelines for operations of business in Bangladesh by joint ventures or consortiums or associations, or JVCA, having foreign partner(s) in order to make the process more transparent and more accountable...
BB raises limit for private travel foreign currency exchange
The Foreign Exchange Policy Department of the Bangladesh Bank has issued three new directives concerning foreign currency exchanges for private travel entitlements through licenced money changers...
S Alam issues legal action threat against Bangladesh: UK newspaper
Mohammed Saiful Alam, chairman and founder of S Alam Group, has claimed protection under his Singapore citizenship from what he described as a 鈥榗ampaign of intimidation鈥� led by Bangladesh Bank governor Ahsan H Mansur against his business conglomerate, according to a report published by the Financial Times on Monday.
No bank to be closed down: finance adviser
Finance adviser Salehuddin Ahmed on Tuesday said that they had no plan to close down troubled banks despite they were limping...
ACC summons 13 Bangladesh Bank officials over S Alam loan scam
The Anti-Corruption Commission on Monday summoned 13 officials of Bangladesh Bank to appear at the commission over embezzlement of money through sanctioning thousands of...
IBBPLC aims to recover Tk聽10,000cr by selling S Alam Group鈥檚 shares
Islami Bank Bangladesh PLC has decided to recover about Tk聽10,000 crore of loans by selling shares held by controversial S Alam Group, said the bank鈥檚 chairman, Obayed Ullah Al Masud, on Monday...
BB relaxes LC margin on imports of essentials for Ramadan
The Bangladesh Bank has relaxed LC margin on import of 11 types of essential commodities whose demand increases during the holy month of Ramadan...
Issues that govt needs to shore up to attract FDI
THE decline of foreign direct investment to a decade鈥檚 low in the 2023鈥�24 financial year raises concern and warrants the attention of authorities. The foreign direct investment declined by 8.80 per cent to $1.47 billion from $1.6 billion in the 2023 financial year, as the Bangladesh Bank says. The figure was $3.44 billion in the 2022 financial year. The FDI flow...
AB Bank wins two Mastercard excellence awards
AB Bank won awards for excellence in Mastercard Business (Financial Inclusion) and Excellence in Mastercard Debit Business (Domestic) 2023-24 on Saturday, says a press release.