Tk 1,000cr fund for cinemas, but not many takers
Complexities involving deeds offered as mortgage, lengthy procedures for availing the loans, lack of collateral, and growing demand for Netflix and other video streaming platforms are the major reasons for poor demand
17 December 2023, 00:10 AM
5 Islamic banks at risk of being frozen out of transactions
Bangladesh Bank sets December 26 deadline for the banks to adjust current account deficit
14 December 2023, 18:00 PM
Banks to sell insurance in boost for the fledgling sector
Bancassurance is an arrangement between a bank and an insurer, allowing the former to sell the products of the latter through its vast network
12 December 2023, 15:49 PM
Reserves remain under pressure
Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a current account surplus.
6 December 2023, 18:00 PM
Cash crunch lingers at crisis hit Islamic Banks
Five Shariah-based banks are still experiencing liquidity crisis despite significant support from the central bank
5 December 2023, 00:30 AM
Remittances climb, buoyed by higher exchange rate
The inflow of remittance to Bangladesh increased 21 percent year-on-year to $1.93 billion in November as most banks are offering higher rates for the US dollar to boost foreign currency collection.
4 December 2023, 00:10 AM
BB goes shopping to private banks for dollar
Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.
28 November 2023, 18:00 PM
Rising deposit rates bring cheers to savers
interest rates on all kinds of deposits have been rising since the withdrawal of the lending rate ceiling in June
28 November 2023, 00:00 AM
Policy rate hiked again as inflation stays high
rate will be 7.75 percent, which will be effective from today
27 November 2023, 00:00 AM
Janata Bank comes short of BB’s targets
Janata Bank has failed to meet any of its performance improvement targets set by the central bank in the first half of the year -- a worrying development given that the state bank accounts for the second-highest volume of deposits and loans among the 61 scheduled lenders in Bangladesh.
25 November 2023, 18:00 PM
Six private banks’ bad loans soar 55pc in nine months
Bad loans in six private banks increased by about 55 percent in the first nine months of the year, raising further alarms about the health of the banking sector.
22 November 2023, 18:00 PM
‘No rule of game’ in collecting remittance
Some banks are seeing extraordinary growth in remittance inflows thanks to offering at least Tk 4 more than the permitted rate per dollar.
21 November 2023, 18:00 PM
Bad loans rise in private banks, but drop in state banks
Overall, banking sector's non-performing loans fall slightly
21 November 2023, 14:56 PM
Banks’ excess liquidity drops despite slow lending
Excess liquidity in the banking sector of Bangladesh continues to fall despite lower credit demand ahead of the national polls and higher interest on deposits offered by banks to lure savers.
20 November 2023, 12:25 PM
Interest rate of treasury bills crosses 10%
The interest rate of treasury bills in Bangladesh has crossed a recent high of 10 percent, indicating that lending rates will rise further in the days ahead, according to bankers.
19 November 2023, 18:25 PM
Drawing strength from values
Although the banking sector in Bangladesh is facing multiple challenges, including an alarming amount of bad loans, Brac Bank has been able to strengthen its financial health by keeping its values at the core of every activity.
7 November 2023, 18:00 PM
Current account balance turns positive
The country’s current account balance stood in positive territory in the first quarter of the current fiscal year due to a sharp slowdown in imports.
3 November 2023, 03:58 AM
Govt’s interest expenses jump
The government's expenses on interest payments rose 22.14 percent year-on-year to Tk 92,538 crore in the last fiscal year due mainly to a higher cost of borrowing.
1 November 2023, 02:03 AM
Bankers, directors to be kept out of Shariah board
No bankers and directors will be able to hold any post in the Shariah supervisory committee of banks as the Bangladesh Bank changes rules to make lenders more compliant and curb irregularities.
29 October 2023, 18:00 PM
Premier Bank eyes digital expansion
Premier Bank PLC is investing in building a robust digital infrastructure to make all financial services available at the fingertips of customers, said M Reazul Karim, managing director of the private commercial bank.
28 October 2023, 18:00 PM