Dhaka February 24, 2025, 9:28 am
The volume of non-performing loans (NPLs) fell by nearly 2.0 percent or Tk 16.76 billion to Tk 944.40 billion as on September 30 from Tk 961.17 billion as on June 30 this year
The financing package is part of IFC’s $8 billion global COVID-19 fast-track financing facility, aimed at helping companies stay afloat during the ongoing public health crisis
The amount of surplus liquidity in the banking sector has now reached a record Tk 1.75 trillion
The test was supposed to be held in 67 centres in the capital on December 5
The fund is likely to be provided as an additional financing for the WB-funded ongoing "Covid-19 Emergency Response and Pandemic Preparedness Project"
In 2016, Abul Kashem and Nazneen Sultana, two deputy governors, were removed after the Bangladesh Bank reserve hack. Two posts had remained vacant since then
In view of this, the banks have increased surveillance on online transactions and ATM booths. Some banks have started closing ATM booths at night
According to the latest data of BB, only 28.37 percent of loans have been disbursed till October 22
Under the relaxations, legitimate current payments like audit fee, certification fee, commissioning fee, testing fee, valuation fee, etc. will be remittable within the purview of the 1.0 percent limit
The agreement was signed by Additional Secretary at the Economic Relations Division Md. Shahabuddin Patwary and the WB’s Mercy Tembon
The extended period for realisation of export proceeds will equally be applicable to all sectors, depending on the necessity, until March 31, 2021
The central bank issued the circular after informing that the existing foreign exchange regulations are not observed by AD banks, resulting in unnecessary harassment faced by accountholders to repatriate funds abroad out of b
The central bank has asked all the scheduled banks to prohibit non-members from attending meetings of their board and board committees whatever the circumstance is
This [benchmarking] is very much important to make the government securities market a vibrant one
Bankers said their debt is not being recovered and the borrowers are not declared as defaulters, creating a huge imbalance between their income and operating cost
Banks should be looking for fresh investors to create a new generation of entrepreneurs as almost all traditional entrepreneurs owe a large volume of term loans and have access to the stimulus packages
Bangladesh Bank has further relaxed repayment of loans by allowing the borrowers to make their due payments to financial institutions in more installments, considering the Covid-19 fallout
The IFC delegation assured the finance minister of considering his requests
Since March, the IFC has fully deployed an amount of $2.0 billion for the purpose. Bangladesh is among the emerging market countries that would receive support for overcoming the crisis and creating business opportunities
Such an interest rate on loans under the EDF will continue until March 31, 2021
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