IFIC Bank is set to sell its more than 40 per cent stake in a Nepalese bank as it no longer sees its business in the Himalayan Kingdom viable.  

China’s central bank confirmed on Saturday that it will implement new schemes aimed at encouraging financial institutions to lend to small businesses under pressure due to the impact of Covid-19.

Remittance slightly increased in the just concluded year after experiencing a falling trend in the last couple of months.

The HSBC has been recognised as the ‘best cash management bank’ at the CorporateTreasurer Awards 2021.

Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans.

Bangladesh Bank has widened the limit of loans under the credit guarantee scheme (CGS) for cottage, micro, small and medium enterprises (CMSMEs).

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh has recently completed the country’s first insurance backed receivables finance transaction for MBM Garments Ltd.

The Bangladesh Bank yesterday decided not to extend the tenure of the current relaxed policy on loan classification despite pleas from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

The Women Entrepreneurs Association of Bangladesh (WEAB) and Standard Chartered today signed a Memorandum of Understanding (MoU) to facilitate access to financial services for women entrepreneurs.

The Bangladesh Bank today relaxed the rules for foreign nationals residing in Bangladesh to send remittances to their countries.

A Supreme Court lawyer today served a legal notice on the government -- to take necessary steps in 30 days -- to transfer the foreign reserve currency of Bangladesh from the US Federal Reserve Bank to safer countries in order to protect national interest.

Standard Chartered has completed its first deal using Risk Free Rate (RFR) with Akij Ceramics Ltd and Unilever Bangladesh Ltd.

The World Bank today approved $500 million to help Bangladesh expand, modernise and sustainably transforming the country’s electricity distribution system.

The IMF said Monday it had approved the fifth and final round of debt relief under a program meant to help the world’s poorest nations weather the Covid-19 pandemic.

Finance Minister AHM Mustafa Kamal yesterday hoped that the country’s remittances might exceed $25 billion this fiscal year based on robust inflow from expatriate Bangladeshis in the next two Eid festivals.

The non-bank financial institutions (NBFIs) can now show their unrealised interest of loans as income if borrowers can pay 25 per cent of their annual instalments by this year.

Meghna Bank Ltd has been awarded the “Fastest Growing Corporate Bank in Bangladesh” title for the year 2021 by The Global Economics Ltd, a UK-based financial publication and a quarterly business magazine.

Banks can show their interest earnings or profits of the current calendar year for realisation of a fourth of the loans payable by borrowers in 2021, said the Bangladesh Bank yesterday.

Standard Chartered Bank has arranged the first green zero-coupon bond in Bangladesh for Sajida Foundation, a non-governmental organisation.

Standard Chartered Bangladesh has arranged the country’s first green zero-coupon bond for Sajida Foundation.