The central bank yesterday revoked a remittance award given to Shahjahan Bablu three days ago after his name was found on the list of loan defaulters of Bangladesh Commerce Bank Ltd (BCBL).

Banks’ loan recovery momentum slowed down in the second quarter of 2019 as many defaulters showed unwillingness to pay back loans to enjoy the central bank’s relaxed rescheduling facility.

India wants its Exim Bank to monitor the projects it is financing in Bangladesh.

The government has decided to consider foreign loans as hard-term ones if the grant element is less than 25 percent, down from the 35 percent it currently takes into account, in a reflection of the country’s growing economic power.

CDC Group, the UK government’s development finance institution, yesterday announced to invest $30 million (over Tk 25 crore) in Bangladesh’s Brac Bank.

Local financial technology service provider Dmoney announces its commercial operation aiming to create a solid position of the digital financial service in the country.

Standard Chartered Bangladesh (SCB) on Thursday launched the Korea- Bangladesh desk to help Korean businesses invest and operate in Bangladesh. A guidebook titled “Doing business in Bangladesh”, offering information in both Korean and English languages, was also launched at

Eastern Bank Ltd (EBL), a leading private bank of Bangladesh, will open its first representative office in Guangzhou of China today to explore the growing business opportunities between the two Asian economies.

The Investment Corporation of Bangladesh has sought Tk 1,000 crore in financial support from Bangladesh Bank on an “emergency basis” to inject liquidity into the ailing capital market as part of its concerted efforts to bring back investor confidence.

Loans written off by banks surged 21 percent to Tk 54,463 crore in the second quarter of the year from a quarter ago as the lenders try to clean up balance sheets and paint a rosy picture of their health.

Visa yesterday announced that it would launch an interoperable quick response (QR) payment system in Bangladesh within the next one and a half months as part of efforts to expand its business.

Stocks jumped up yesterday buoyed by a Bangladesh Bank move that allowed banks to invest in equities by borrowing funds from the banking regulator. On Sunday, the BB announced a liquidity support for banks with a view to ramping up their capacity to invest in the market as part of a

Nizam Uddin Chowdhury has recently joined Agrani Bank as the lender’s deputy managing director.

The US Treasury announces sanctions on three North Korean hacking groups it said were involved in the "WannaCry" ransomware attacks and hacking of international banks and customer accounts.

Community Bank Bangladesh yesterday began its journey with a view to reaching out the growth centres across the country.

Bangladesh Bank is set to give loans to local banks’ offshore banking units (OBU) to offset the negative returns that it now gets for its liquid euro assets -- a move that can be viewed as making the best out of a bad situation.

The World Bank is ready to help Bangladesh increase its growth to double digits and would provide all kinds of support to this end, said Mercy Miyang Tembon, the multilateral lender’s newly-appointed country director for Bangladesh and Bhutan.

Banks are showing reluctance in lending through the agent banking window based in rural areas despite mobilising large sums through the platform.

Prime Minister Sheikh Hasina has said steps are underway to bring down bank loan interest rate to single digit in all banks, noting that higher interest rate naturally causes loan defaults.

Shamim Ahmed and Md Nurul Islam have been promoted to deputy managing director (DMD) of Mercantile Bank.