Bangladesh Bank today asked banks to draw up citizen charter such that clients will be able to get financial services smoothly.

City Bank launched its first-ever Shariah-based savings scheme City Islamic DPS Savings today.

Bank Asia Limited has achieved the most prestigious Standard Information Security Certification, namely ‘PCI DSS’.

The services automated teller machine (ATM) of banks faced a disruption in many areas due to the partial failure of the national grid.

Bangladesh is currently weathering a period of heightened external pressure and economic headwinds like it has done since the outbreak of the coronavirus pandemic and kept growing, said a top official of a multinational bank.  

Bangladesh Bank Governor Abdur Rouf Talukder yesterday said they are trying to help strengthen the country’s securities market as it should be a major source of long-term funding for entrepreneurs and thereby assist in reducing non-performing loans in the banking sector.

Prime Bank recently launched Japan Desk, a one-stop solution centre, in order to facilitate cross-border business initiatives and investments between Japan and Bangladesh.

When the term “metaverse” was first used around 30 years ago by Neal Stephenson, an American speculative fiction writer, in his science-fiction novel, Snow Crash, he could barely have anticipated that the term would be on everyone’s lips in 2022.  

The International Leasing and Financial Services Ltd (ILFSL) has taken initiatives to revive the four companies owned by PK Halder in order to recover its funds given out to them.

The non-bank financial institutions (NBFIs) will have to take permission from the central bank to lend to their subsidiaries or associates and waive loans or interests.

Bangladesh Bank today hiked its key interest rate or policy rate by 25 basis points to 5.75 per cent with a view to containing the inflationary pressure.

One Bank Ltd recently signed a memorandum of understanding (MoU) with CCULB Resort and Convention Hall for customer privilege.

Brac Bank recently won five awards in five different categories in the South Asian Business Excellence Awards 2022 for its digital transformation, social and sustainable initiatives.

The non-bank financial institutions have demanded withdrawal of the 7 per cent interest cap on deposit.

Eastern Bank Limited (EBL) has raised Tk 1,224 million (Tk 122.4 crore) through the issuance of zero-coupon bonds for Thengamara Mohila Sabuj Sangha (TMSS), a microfinance institution in Bangladesh. 

Brac Bank has achieved a milestone of opening the 800th agent banking outlet recently.

Sixty-two per cent of the excess fund in the banking sector in Bangladesh is concentrated in nine banks, highlighting the liquidity pressure facing other lenders.

Banks with surplus funds in Bangladesh are increasingly preferring government securities to lending to the private sector as the former gives higher yields amid the continued interest rate cap.   

Bangladesh Bank recently took a set of initiatives to bring about an effective floating exchange rate, meaning that which will rise or fall based on supply and demand, to bring back stability in the foreign exchange market. 

Mercantile Bank Ltd won South Asian Business Excellence Award-2022 as the “Best Bank in the Private Sector” by South Asian Partnership Summit.