Currently, the volume of the EDF is $6 billion and the interest rate on EDF loans is 4.5%

Bangladesh Bank yesterday asked banks and non-bank financial institutions to raise their loan disbursement ratio for cottage, micro, small and medium enterprises to 25 per cent of their outstanding loans by next year. 

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has been voted “Market Leader” in Bangladesh in a Euromoney Trade Finance Survey 2023.  

Banks in Bangladesh will remain open from 9:30am to 4:00pm on every working day during Ramadan, which may begin next week based on the sighting of the moon. 

In an ideal scenario, ensuring the independence of a bank’s management from the influence of its board helps smooth execution of decisions in tune with the board’s policies, said Bangladesh Bank Governor Abdur Rouf Talukder recently.  

The fund offers several unique features designed to benefit retail savers

BB Governor Abdur Rouf Talukder says at the 21st Nurul Matin Memorial Lecture on Ethics in Banking

Bank Asia signed an agreement with Nagad recently facilitating cross-border remittance services for Bangladeshi nationals residing abroad. 

Mastercard, Eastern Bank and ShareTrip jointly launched the country’s first-ever co-branded travel credit card “SkyTrip” yesterday.

Bangladesh Bank cleared $1.05 billion ACU payment on March 6

Bank Asia for the first time celebrated a “Financial Literacy Day” on Monday arranging different activities to raise customers’ awareness and impart knowledge on financial matters and services. 

Mercantile Bank and International Islamic Trade Finance Corporation (ITFC) recently signed a master murabaha agreement facilitating cross-border trade of small and medium enterprise (SME). 

Brac Bank has set this unique example on the eve of International Women's Day by appointing an all-women sales team.

Sick industries have to apply to respective banks by June 30 to get the benefit

Mohammed Emtiaz Uddin joined Padma Bank from Premier Bank as deputy managing director recently.

DBS Bank has inaugurated its Dhaka representative office, making Bangladesh its 19th market globally.

Shimanto Bank has recently elected Major General AKM Nazmul Hasan as its chairman.

The taka has weakened further against the US dollar as the Bangladesh Bank is selling the American greenback to banks at Tk 102.

Bangladesh Bank yesterday allowed banks to keep private sector power producers out of the purview of the single borrower exposure limit when giving them loans for the import of raw materials, including fuel oil. 

Banks yesterday hiked the rate to purchase US dollars from exporters by Tk 1 to Tk 104 as part of efforts to set a uniform exchange rate in Bangladesh by June replacing the ongoing multiple exchange rates.