Liquidity at Islamic banks in Bangladesh has decreased drastically, deepening a lingering cash crunch at the crisis-hit Shariah-based banks.

The late successful businessman had been one of the highest taxpayers in Bangladesh since 2010-11

The accounts should remain frozen for 30 days, BFIU ordered

The development comes a day after he was asked not to attend the board meetings of the state-run bank

The policy would aim to bring down inflation

A price spike of blue-chip stocks played an important role for the gain

The disclosure comes a couple of hours after the finance ministry transferred Matiur to the Internal Resources Division from the NBR

City Bank recently signed an agreement with the OPEC Fund for International Development for a loan of $30 million to support global trade by providing financing to importers and exporters in Bangladesh, especially in the agriculture and green energy sectors.

Small and medium enterprises (SMEs) are considered risky clients by most formal sector lenders since their financial health is weak and they are not good at managing risks and are expensive to lend. However, BRAC Bank has a different story to tell.

These new financing operations will help Bangladesh in financial sector and urban management, says Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan

It declined 68% year-on-year to 17.71 million Swiss francs in 2023

The Belgian Investment Company for Developing Countries (BIO) has provided a $15 million loan to Mutual Trust Bank (MTB) to expand its portfolio dedicated for micro, small and medium enterprises (MSMEs) alongside sustainable financing initiatives.

Bangladeshi nationals and banks kept 17.71 million Swiss francs (CHF) in deposits last year in the banks of Switzerland, the lowest on record, reflecting the fading attractiveness of the country among the wealthy to park money.

Reserves hit $19.53 billion on June 19, up from $19.21 billion on June 12

The benchmark index, DSEX, increased 1.6% from the previous day

$70 million will be sustainability-linked loan and a $30 million green loan

Banks in Bangladesh are increasing their investments in Treasury bills and bonds to net higher profits from the rising interest rate, a development that has squeezed the availability of loans for borrowers.

The High Court postponed NRBC Bank’s annual general meeting slated for today, following a writ petition alleging irregularities at the bank.

Monetary policy stance should be tight, the economist said in an MCCI-PRI organised post-budget discussion

However, MDs have to take prior approval of the banking watchdog