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Bank

GB profit rises, interest declines

FT ONLINE Grameen Bank (GB) has earned a good profit in the recent months despite the fact that the current management of the bank significantly…

New banks spend more on CSR to avoid tax

FT ONLINE New banks are found to be spending an excessive amount of money in the name of Corporate Social Responsibility (CSR) to avoid taxation,…

Slow lending ups bank liquidity

FT ONLINE Overall excess liquidity with country’s commercial banks increased, as of June, for a lending downturn. Sources in banking circles find two cardinal causes…

BB, IFC ink deal for women SME entrepreneurs dev

FT ONLINE The Bangladesh Bank (BB) and International Finance Corporation (IFC) have signed a cooperation agreement for the development of women small and medium enterprise…

Prime Bank inks $50m loan deal with IFC

FT ONLINE Prime Bank Limited (Prime Bank) has signed a US$ 50 million loan agreement with the International Finance Corporation (IFC). The fund by IFC…

NCC Bank appoints Mosleh Uddin as CEO

FT ONLINE Mosleh Uddin Ahmed has been appointed as Managing Director and CEO of National Credit and Commerce Bank Ltd recently, said a press release.…

ADB raises $1.25bn for climate projects

FT ONLINE The Asian Development Bank (ADB) has raised $1.25 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche…

BB lowers private sector credit target

FT ONLINE The central bank lowered its target for credit growth in the private sector on Wednesday amid a sluggish investment trend. Bangladesh Bank (BB)…