Dhaka March 15, 2025, 5:35 am
The authorised dealers (ADs) have been advised to release up to 5,000 in the form of USD notes and remainder in other convertible currencies within the prescribed limit
The foreign-owned service companies can now avail short-term loans as working capital from their parent companies and shareholders for emergency business needs
Healthy oceans are critical to life across Asia and the Pacific, providing food security and climate resilience for hundreds of millions of people
The circular said banks would charge clients the whole amount (9%) if they did not repay loans and interests within the stipulated time
Number of agents up by 16pc, outlets 13pc despite pandemic
In its new Global Economic Outlook, the World Bank forecast 4% growth this year following a 4.3% decline in 2020, the biggest plunge in global output since a contraction of 9.8% in 1945 as nations demobilized at the end of Wo
Padma Bank Managing Director Md. Ehsan Khasru went abroad without taking approval from the central bank
Bangladesh Bank’s time-befitting policy has kept the economy stable and a sustainable exchange rate of taka against US dollar has benefited businesses and expatriates
Bangladesh Bank has further simplified the process of outward remittance of foreign exchange - crucial to make payments for goods or services bought from overseas sellers - for industrial entrepreneurs to help expand their bu
Bangladesh has experienced low debt to GDP ratio of around 34 percent of GDP since last few years
Except for a few, most of the PCBs witnessed lower operating profit in 2020 amid a falling trend in both private sector credit growth and interest rate spread that persisted almost throughout the year
BB clarified that all borrowers would be eligible for the loan moratorium facility to offset adverse impacts of the ongoing Covid-19 pandemic on the overall business activities in the country
Troubled by huge capital shortfall, the Bangladesh Krishi Bank (BKB) has recently sought Tk.9.5 billion from the government to raise its paid-up capital citing an altogether different reason
Covid-19 pandemic and single-digit lending rate have caused enough damage to the banks' profitability
The $500 million loan from the International Bank for Reconstruction and Development (IBRD) has a maturity of 18.5 years, including a grace period of five years
Prime Minister Sheikh Hasina has expressed her interest in being a part of the initiative
Eastern Bank Limited (EBL) has been awarded by IFC under World Bank Group as the Best Partner for Equipment Trade in South Asia under Global Trade Finance Program
The assistance is additional to an earlier grant of $2 million approved in 2018 for creating innovative knowledge solutions on strategic issues for Bangladesh’s economic transformation
The ADR - a ratio between deposits and credit at any point of time-of all banks came down to 74 percent as on September 24 from 76.22 percent as on June 30 this year. It was 77.34 percent as on December 31, 2019
BB had approved Tk 99.46 billion worth of loans for the small entrepreneurs from the Tk 200 billion stimulus package for them until Nov 30, but the banks disbursed Tk 82.18 billion
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