Short-term foreign loan rises after 10-month fall
The amount of private sector short-term foreign loans increased in April, as businesses turned to overseas loans considering rising interest rates and liquidity crunch in the...
Tags : banking
Bank sector needs overhaul to rescue economy
Economist Ahsan H Mansur on Wednesday said that the country鈥檚 economy would collapse if a strategy for restructuring the ailing banking sector was not taken straightaway...
Cash outside banks keeps soaring
The amount of cash held outside the country鈥檚 banks increased for the fifth consecutive month in April amid low confidence of depositors in the banking sector and inflationary pressures....
G7 urges Israel to protect Palestinian banking services
G7 finance ministers urged Israel Saturday not to disrupt 鈥榲ital financial transactions鈥� in the occupied Palestinian territories, following indications it could cut off Palestinian banks...
Lending thru agent banking rising
Loan disbursements through agent banking soared by 41.27 per cent against 16.52 per cent growth in deposit collection in the January-March period of 2024 compared with...
Sourcing foreign currencies
THE much-talked-about draft Offshore Banking Act 2024 was placed in parliament and finally promulgated by the government on March 14, 2024. This act aims to boost our foreign currency reserves and attract more foreign investments from foreign firms registered abroad...
Govt must hold off oligarchy to stop decline in banking sector
WHEN the banking sector is mired in a horde of problems 鈥� the absence of democratic governance that has encouraged corruption and irregularities, a soaring amount of bad loans that has weakened the economy and an absence of political will that has stopped a way out of the trouble...
Govt earns Tk 14 crore revenue from Nagad without any investment: Palak
Bangladesh government has earned over Tk聽14 crore in revenue from the mobile banking service Nagad without any investment in any form, according to Junaid Ahmed Palak. More than Tk聽5 crore has been received in the current fiscal year alone...
Islamic banks鈥� deposits drop, but loans surge
Loan disbursements from Shariah-based banks have significantly increased despite a sharp decline in deposit collection in December and January...
Bangladesh鈥檚 outlook remains bright: HSBC
Hongkong and Shanghai Banking Corporation Limited in Bangladesh organised an event on Sunday titled 鈥楬SBC Economic Outlook: A Perspective on Bangladesh鈥� highlighting the latest global and Asian market developments and sharing a perspective on Bangladesh...
US banking giants had 鈥榮ignificant鈥� challenges estimating climate risks: Fed
Six US banking giants reported having 鈥榮ignificant鈥� challenges when estimating the financial risks from climate change because of a lack of good data...
Bangladesh banking, revenue sectors need better governance
Asian Development Bank country director for Bangladesh Edimon Ginting on Monday underscored the need for improved governance in the country鈥檚 banking and revenue sector to keep the economy healthy and strong...
First banking policy dialogue held
Banking policy dialogue, the first of its kind, was held on Monday at the Bangladesh Institute of Bank Management auditorium in the city...
IMF criticises forced bank mergers
The visiting International Monetary Fund mission on Thursday observed that the international practice should be followed in implementing the merger and...
Arbitrary introduction of mergers caused further unrest in banking sector: TIB
Transparency International Bangladesh in a statement on Tuesday said that the arbitrary announcement of certain bank mergers, coupled with concerns among well-performing banks involved in the process and unwillingness of some underperforming banks, had worsened anxiety, unrest, and uncertainty within the banking sector.....
Bank merger and sustainable banking
FOR the last couple of months, mergers and acquisitions of banks have been the talk of the town. Many developments in the banking sector have been coming to the fore at regular intervals, thanks to the...
Bank interest rate spread crosses 5pc after 9 years
The weighted average interest rate spread in Bangladesh鈥檚 banking sector exceeded 5 per cent in February after 2015, driven by rising lending rates...