Bangladesh Securities and Exchange Commission (BSEC) has approved Islami Bank’s fourth subordinated bond worth Tk 800 crore.

Social Islami Bank gets nod to raise funds of Tk 600 crore by issuing non-convertible, unsecured, mudaraba subordinated floating rate bond.

Pubali Bank has got go-ahead to raise Tk 700 crore through its third subordinated bond.

The Bangladesh Bank today asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for lubricant and engine oil in order to run the operation of industries smoothly.

Banks can show interest receivables for 2022 as income on their books on the term loans that have been given a relaxed repayment facility up to December, the central bank said yesterday.

The Bangladesh Bank today relaxed its term loan repayment policy for non-bank financial institutions (NBFIs), days after it extended more time to the borrowers of banks to pay back loans.

United Commercial Bank won an award in “Excellence in Automation – Bangladesh” at a 4th edition of UiPath Automation Excellence Awards 2022 organised by UiPath Business Automation Platform in association with The Economic Times. 

The Bangladesh Bank has decided to form a fund using the undisbursed portion of agriculture and rural loans and utilise them to accelerate farm production.

The International Finance Corporation (IFC) is providing a $32.5 million loan to Agrocorp International Pte Ltd, a Singapore-based company that supplies wheat and pulses to Bangladesh, in order to improve food security in the South Asian country.

Bangladesh Bank has decided to appoint observers at the Islami Bank Bangladesh Ltd (IBBL) and First Security Islami Bank (FSIBL), said a top official of the central bank.

Bangladesh Bank has come up with a new arrangement named “Islamic Bank Liquidity Facility”, under which the country’s shariah-based banks can now take short-term loan, a first of its kind in the banking sector.

Shahjalal Islami Bank yesterday awarded scholarships to 500 meritorious students from around the country who are financially insolvent. 

The Bangladesh Securities and Exchange Commission (BSEC) has rejected Bay Leasing & Investment Limited’s plan to award a 5 per cent stock dividend for the year that ended on December 31.

The Cabinet today directed the authorities concerned to verify the accuracy of the videos and news seen on social media and newspapers about the current situation in the banking sector.

The Bangladesh Bank has found seven counterfeit notes of Tk 500 denomination in the vault of a branch of Jamuna Bank in Sherpur upazila of Bogura.

Islami Bank Bangladesh has been the “Strongest Bank in Bangladesh” and the “Strongest Islamic bank in Bangladesh” in 2022 according to Singapore-based banking and financial intelligence platform The Asian Banker. 

Prime Bank recently signed an agreement with Ananta Group to provide a digital nano financing solution to factory workers through a new app, “PrimeAgrim”. 

Three new directors have been elected to the board of Meghna Bank.

Banks will be able to get back a majority of loans from a Bangladesh Bank credit guarantee scheme (CGS) if borrowers default on loans taken from a small and medium-sized enterprises (SME) refinance scheme of Tk 25,000 crore.

Bangladesh Bank yesterday asked private banks to speed up their farm loan disbursements to enhance the country’s food security.