Dhaka February 23, 2025, 8:12 am
During the last calendar year, Sonali Bank posted an operating profit of Tk 25.03 billion, which is the highest in the bank's history
The bank made an operating profit of Tk 2,646 crore
The Financial Institutions and Market Department of Bangladesh Bank on Wednesday issued a circular in this regard
Under the initiative, banks would deposit money equivalent to the undisbursed amount of farm and rural loans in the fund and the BB would give 2 per cent interest on the deposits
The central bank gave the privilege to facilitate big borrowers. Nothing has been said regarding small and individual borrowers in the circular, though the income of small borrowers decreased due to the impact of the Russia-U
Habibur Rahman has vast experience at home and abroad in diverse sectors of banking for over 27 years
Bangladesh bank (BB) has printed a commemorative note of Taka 50 marking the 'Golden Jubilee of the Constitution and the Supreme Court of the People's Republic of Bangladesh'
The advance payment, also known as the cash LC margin, should be kept at the minimum level depending on the bank-client relationship
The central bank provides a licence to SSL as Payment System Operator (White Label Merchant Acquiring) first time in the country to introduce an offline payment system
The observers have been appointed in an effort to stop the recurrence of such delinquencies in those two banks
ADB and DEG will identify socially responsible and environmentally sustainable finance projects under ADB's private sector operations that qualify for co financing
The financial sector regulator has issued the directive to regulate price and ensure enough supply of essential commodities such as edible oil, chickpeas, pulses, peas, onions, spices, sugar and dates during Ramadan
Islamic banks have repaid Tk 5.9 billion on Thursday to Bangladesh Bank after the central bank injected Tk 52.47 billion to the Shariah-based entities in three days under liquidity facility
They are Islami Bank Bangladesh Limited, Union Bank, Social Islami Bank, First Security Islami Bank and Global Islami Bank. The five banks belong to S Alam group
The three banks are — Islami Bank Bangladesh, Social Islami Bank and First Security Islami Bank
The loan contract may be signed this week after getting PMO approval of the summery
Banks would be able to replace cars and other vehicles used by their chairmen and chief executive officers and the lenders if they are at least eight years old which was five years earlier
Savings of customer are secure. No change in board immediately. Remittance increases by $35m in Nov
This facility will provide short-term liquidity in the shariah-based banks operating in Bangladesh
The loan will be used for the purchase and installation of spinning machinery and associated equipment for the second spinning unit
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