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Bank

WB halts $200m loan to Myanmar

FT ONLINE Due to the persecution of Rohingyas in the Rakhine state of Myanmar, the World Bank has held back $200 million development policy loan…

City Bank gets new AMD

FT ONLINE City Bank has recently appointed Adil lslam as additional managing director, the private commercial lender said in a statement yesterday. He served as…

No board meeting at GB in 30 months

FT ONLINE Nobel Laureate microcredit lender Grameen Bank (GB) has been operating without holding any board meetings for past 30 months. Several bank officials have…

Bad loans cripple the banking sector

FT ONLINE The persistent increase in bad loans has crippled Bangladesh’s banking sector, mostly affecting the state-owned banks. As of June this year, the amount…

BB fines 7 banks over share-market row

FT ONLINE The central bank fined seven (7) commercial banks for their recent share-market activities by violating the legal sanction, officials said. “We’ve imposed the…