NDB to provide $1b by next 1 year: BIDA
Bangladesh Investment Development Authority executive chairman Chowdhury Ashik Mahmud Bin Harun on Tuesday said that the New Development Bank would give Bangladesh $1 billion in loan by the next one year...
Tags : bank
Pvt sector credit growth slumps to 21-year low
The private sector credit growth in Bangladesh fell to 6.82 per cent in February, hitting its lowest in 21 years, according to available data. The Bangladesh Bank data showed that the growth was the lowest since February 2004 when the rate was...
WB suggests reforms in four sectors
Bangladesh could attract significant investments and create millions of jobs by implementing essential reforms across four sectors, according to a World Bank Group report released today at the Bangladesh Investment Summit 2025...
Rabiul joins SBAC Bank as AMD
Md Rabiul Islam, a well-known banker with 36 years of experience, has joined SBAC Bank PLC as additional managing director...
Pubali Bank donates a bus to Islamic University of Technology
As a part of Corporate Social Responsibility, the Board of Directors of Pubali Bank PLC donated a bus to Islamic University of Technology (IUT)...
100 BRAC Bank officials get Bancassurance training
A total of 100 officials from BRAC Bank have been officially certified by the Bangladesh Insurance Academy after completing the 鈥楤ancassurance鈥� training...
Nurullah joins Bank Asia as AMD
Nurullah Chaudhury has joined Bank Asia PLC as additional managing director and chief wholesale banking officer on Monday...
Stricter approach needed for non-performing loan recovery
A DECLINE in the non-performing loans recovery ratio, which is concerning, suggests that the measures taken are not effective and stringent enough. The recovery ratio of non-performing loans dropped significantly in the final quarter of 2024, with the ratio standing at 3.44 per cent, down from 5.12 per cent in the corresponding 2023 quarter, as data of Bangladesh Bank...
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.
11 jailed over Sonali Bank loan scam
A Dhaka court on Monday convicted and sentenced 11 individuals to different terms of jail in a case lodged over embezzlement of Sonali Bank money through loan forgery...
BB to set up Tk 900cr fund for startup: Mansur
Bangladesh Bank governor Ahsan H Mansur on Monday said that the central bank had taken an initiative to launch a special fund of about Tk 800 crore to Tk 900 crore to support startup...
Court freezes 34 bank accounts of ex-DG of SSF, wife
A Dhaka court on Sunday ordered to freeze 34 bank accounts of former director general of Special Security Force Lieutenant General (sacked) Md Mujibur Rahman and his wife Tasrin Mujib over graft allegations...
Remittance surges to $3.29b in March
Bangladesh witnessed a record-breaking surge in remittance inflow in March, receiving $3.29 billion鈥攖he highest ever in a single month, according to Bangladesh Bank data...
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...
BB rejects IMF鈥檚 call for policy rate cut
The Bangladesh Bank has rejected the International Monetary Fund鈥檚 suggestion to lower the policy interest rate, saying that no such move would be considered until inflation dropped to the targeted level...
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.
BRAC Bank customers privileged at Unimart
BRAC Bank has partnered with Unimart, the country鈥檚 leading premium supermarket chain, to offer priority checkout counter privileges...
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...
Army deployed after embankment collapse in Satkhira: ISPR
A portion of the embankment in Anulia union under Ashashuni upazila in Satkhira, collapsed on the morning of March 31, causing approximately 150 feet of land to be washed away into the Khulpetua River...
Israel vows to stay in occupied West Bank
Far-right finance minister Bezalel Smotrich said that 2024 had been a 鈥榬ecord鈥� year for demolitions of Palestinian constructions鈥�
Three villages flooded as embankment collapses in Satkhira 聽
At least three villages were flooded as a point of an embankment on the bank of river Kholpetua collapsed due to the pressure of water during the high tide in village Bichhat under Ashashuni upazila in Satkhira Monday morning....
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.
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.
Startups allowed to invest up to $10,000 abroad
The Bangladesh Bank has introduced a new policy allowing local startup companies and individuals to invest up to $10,000 abroad by establishing legal entities...
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...
China Exim Bank to support relocation of industrial plants to Bangladesh
Chairman of China Export-Import Bank Chen Huaiyu on Thursday said that his bank would support the relocation of Chinese manufacturing plants to Bangladesh to make the country a platform for export to other nations...
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.
Investments of Norway sovereign fund hit 8-year low
Norway鈥檚 sovereign wealth fund, the world鈥檚 largest fund, saw its investments in the Bangladesh capital market drop to an eight-year low in 2024, declining by 5.73 per cent to $141.93 million from $150.56 million in 2023, according to data from Norges Bank Investment Management...
BB lifts travel ban on NBFI officials
The Bangladesh Bank on Monday withdrew restrictions on foreign travel for officials of non-bank financial institutions (NBFIs)...