Dhaka April 20, 2024, 5:45 am
Dhaka Bank will decentralise its loan concentration from corporate to retail and small and medium enterprises (SME) to minimise credit risk, said the top executive of the leading private commercial bank (PCB) recently.
Islami Bank Bangladesh Limited has launched EMV Chip Card.
BRAC Bank Limited and Mohammad & Sons, a new venture of Meghna Group, have entered into a partnership agreement.
Ten banks, including six state lenders, suffered a total capital shortfall of over Tk 183 billion in the first quarter (Q1) of the year as rising troubled loans wiped out their profits.
Eastern Bank Limited (EBL) won the ‘Best Investment Bank Bangladesh’ trophy at the FinanceAsia Country Awards 2019, held in Hong Kong recently.
Union Bank Training Institute recently organised a day-long workshop on ‘Prevention of Money Laundering & Combating Terrorist Financing’.
Mr. M Azizul Huq, Chairman, Shariah Supervisory Committee of the Board, Bank Asia Ltd., inaugurated a day-long training workshop on “Islamic Banking Business” for 52 Heads of Branches of the Bank as the Chief Guest recently.
Higher bank borrowing target to meet the budget deficit will worsen the private investment drought as money market faces an acute shortage of funds spawned by rising troubled loans, speakers warned on Sunday.
In a spate of cyber attacks carried out by international hackers last month, two of the private banks of Bangladesh
Demand for greenbacks rises as capital machinery for major infrastructure projects being imported by state-owned commercial banks
The state-owned specialised banks and financial institutions (FIs) are making little effort to recover their written-off loans worth billions of taka, data showed.
The central bank has taken a move to make Islamic bonds popular by enhancing the volume of Islamic Bond Fund and creating scopes of the bonds' multiple uses.
Prime Minister Sheikh Hasina on Monday told Parliament that there is no liquidity crisis in the banking sector insisting that certainly there is money in banks.
Country’s foreign exchange reserve now stands at US$33 billion.
Prime Minister Sheikh Hasina warned Friday of stringent measures against private banks who are defying the directive to lower the interest rate to single-digit.
Overall shortfall in provision against bank loans swelled by nearly 34 per cent or Tk 22.47 billion in the first quarter (Q1) of the current calendar year.
The People's Bank of China (PBOC), China's central bank, on Thursday pumped 100 billion yuan (about 14.51 billion US dollars) into the financial system through open market operations.
Banks should create their own data bank to help prevent trade-based money laundering using their services, speakers at a programme said Monday.
Bangladesh Bank has raised the transaction limit of banking through mobile financial services (MFS).
In a baffling move, the central bank yesterday extended a set of new facilities to loan defaulters to give them a fresh lifeline, stoking fears of further deterioration in the banking sector’s financial health.
