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.

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.

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.

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.

Standard Bank Ltd recently held the day-long Annual Risk Conference-2021 through a virtual platform.  Md. Anwarul Islam, general manager of the Department of Offsite Supervision (DOS) at Bangladesh Bank, inaugurated the conference as chief guest. 

NRBC Bank has won the South Asian Business Excellence Award-2021 at an event in Colombo, Sri Lanka.

Officers and employees of the state-owned commercial banks in haor, island and char areas will get an allowance between Tk 1,650 and Tk 5,000.

The HSBC in Bangladesh has structured the country’s first ever sustainability linked loan targeting the fifth sustainable development goal of gender equality, for DBL Group, one of the largest knit garment manufacturers and exporters of Bangladesh.

Loans written off by banks in Bangladesh nosedived as lenders’ ability to keep 100 per cent provisioning against delinquent assets has squeezed amid business slowdown caused by the coronavirus pandemic.

Selim RF Hussain, current managing director and chief executive officer of Brac Bank, has had his contract extended by around five more years till March 2026.

City Bank, one of the oldest banks in Bangladesh, yesterday rolled out its Islamic banking service in all branches and sub-branches throughout the country.

The recovery from default loans has failed to keep pace with escalating delinquent assets in Bangladesh, hitting banks’ income and cash flow.

Team ‘The Dependables’ clinched the national championship final of ‘BizMaestros 2021’ beating Team ‘Leftover Pizza’ at Radisson Blu Dhaka Water Garden, Dhaka recently.

HSBC has been voted “market leader” and the “best service” in Bangladesh in the Euromoney Cash Management Survey 2021.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday approved a perpetual bond and a mutual fund.

Bangladesh Bank yesterday decided not to mop up any money from the market as a part of its efforts to ease the ongoing liquidity crunch in the banking sector.