Dhaka May 9, 2025, 8:56 am
Country's foreign exchange reserve (forex) fell below US$ 32 billion again on Wednesday, following a regular bi-monthly payment to Asian Clearing Union (ACU) and the central bank's direct selling of US dollar to the commercia
In the absence of a direct banking channel, Bangladeshi businesses have to use a third country to export goods to Russia, which does international trade in its currency, ruble. Traders said the existing export and import syst
Strong credit growth, wider current account deficits, and inflationary risks, however, warrant continued prudent management of macro-financial stability," the central bank said in its latest Bangladesh Bank Quarterly (BBQ) fo
Bangladesh Bank (BB) has requested the government to persuade the Washington-based multilateral donor agency to quicken the process of providing NOC so that funds can be released for the implementation of the projects
The Chairman of the Islami Bank Foundation Shamim Mohammad Afzal on Tuesday presided over the meeting
Five state-owned banks have been advised to to submit their action plans as early as possible to improve financial health through reducing the volume of classified loans. Also adviced to use all type of options -recapitalise
Under the rationalisation and simplification of sale process, buyers and sellers will have to sign a memorandum of understanding (MoU) prior to seeking approval from the Bangladesh Bank (BB) for transferring fund
The central bank said that the long-term financing through short-term deposits creates mismatch in asset and liability position of the banks, raising risks to the liquidity management. Arranging long-term fund through floatin
Board of directors of 16 banks, out of 30 listed banks, declared lower dividends for 2017 than that of the previous year as the profit margins declined due to huge provisioning. Only five banks declared higher dividends than
ADB Governors also approved the bank's annual financial statements
National strategy for preventing money laundering and combating financing of terrorism 2018-2020
United Commercial Bank (UCB) Limited, along with Grey Group Bangladesh, has introduced virtual currency, the first of its kind in Bangladesh
The fund, to be administered by ADB, will provide support to address some of the frontier challenges ADB members face in improving regional integration, such as enabling private sector development and addressing regional publ
The bank is also planning to launch several new Amex products, including business to business (B2B) card, in addition to the existing ones, he added.
Bangladesh Bank officials said the data on remittance of three other days (from 28-30 of April) is not available. But once the data is available, the total amount will obviously increase from $1.218 billion.
Banks are supposed to report to the central bank even if the defaulted loan is Tk 1 only
Ibn Sina Trust expressed its intention to sell off all of its shares at the prevailing market price through the country’s two stock exchanges – Dhaka and Chittagong – within the next 30 working days
The loan will carry a 10 per cent interest rate and is repayable in 20 years. A borrower will have to pay 5.0 per cent interest while the government will provide the remaining 5.0 per cent on behalf of the borrower
the RJSC sought information on default loan from Credit Information Bureau (CIB) of the BB urgently to verify classified loan status of possible directors of new companies that applied for registration
Islami bank’s deposits amounted to over Tk80,000 crore in January 2017 but have drastically dropped to around Tk76,000 crore now. The bank has disbursed total credit of around Tk67,000 crore as of now and its capital stands a
