Bangladesh Bank (BB)

Cyber heist: Bangladesh Bank to file case with NY court by Jan

Bangladesh Bank will file a case with a New York court by this month over the cyber heist of its reserves in which $81 million was stolen nearly three years ago.
20 January 2019

Lending rates edging up

The interest rate on lending is on the rise amid high import pressure and hunt for deposits at the end of last year.
16 January 2019

BB Heist: Court wants CID probe report by Feb 10

A Dhaka court directs Criminal Investigation Department (CID) to submit by February 10 the probe report on the case filed over the cyber heist of $101 million from the account of Bangladesh Bank in 2016 -- one of the biggest cyber crimes in the world.
9 January 2019

BB suspends mobile banking for polls

Bangladesh Bank suspends all kind of mobile-based financial services (MFS) for temporary basis ahead of the December 30 national election.
27 December 2018

BB instructs banks to keep adequate cash in ATM

Bangladesh Bank has instructed banks to keep adequate cash in ATM machines during the national elections to be held on December 30.
27 December 2018

LARGE LOAN RESTRUCTURING: FAVOUR PROVES FUTILE

On January 29, 2015, the Bangladesh Bank issued a new large loan restructuring policy to stand by big borrowers in trouble.
16 December 2018

Default loans at all-time high

Banks' non-performing loans hit nearly Tk 1 lakh crore at the end of September -- the largest yet in Bangladesh's 48-year-history.
5 December 2018

New policy to shield farmers

The central bank has taken an initiative to draw up a policy to shield farmers from high-cost farm loans disbursed by microfinance
3 December 2018

Scams, failures skipped, dev highlighted

The Bangladesh Bank has published a report on the banking sector development over the last 10 years ahead of the national elections,
25 November 2018

Provide loan info to ROs

Bangladesh Bank yesterday asked all banks to submit to returning officers the loan statements of the defaulters seeking to contest the December 30 national polls.
22 November 2018

BB's intervention fails to stabilise exchange rate

The foreign exchange market has been going through volatility because of the widening demand-supply gap of US dollars amid high
5 November 2018

Most listed banks' profits tumble in Q3

As many as 60 percent of the banks listed on the stock exchanges have seen their profits tumble in the third quarter of the year
3 November 2018

Four new banks to get licence

Giving in to pressure from government high-ups, Bangladesh Bank has set in motion the process of giving licences to four proposed commercial banks.
28 October 2018

Ethical leaders in banks are a must

We appreciate the candour with which a senior official of Bangladesh Bank (BB) spoke about the problems affecting our banking sector at a seminar organised by the Bangladesh Institute of Bank Management (BIBM) on October 22.
23 October 2018

HC orders probe on BB publication

The High Court yesterday directed the finance secretary to immediately form a probe committee to find out the people responsible for distorting history in a book titled “Bangladesh Bank-er Itihas (History of Bangladesh Bank)”.
2 October 2018

Janata now goes for auction

Saddled with Tk 8,300 crore loans to two business groups, most of which have gone bad, Janata Bank has moved to auction property and goods of one -- Crescent Group.
30 September 2018

Banks' deposit base expands slightly

Banks' aggressive drive for funds has finally pushed up the deposit growth, easing the cash crunch that has crippled the banking
24 September 2018

Seven banks in 'red zone'

The central bank is concerned about seven banks, including three state-run lenders, for their deteriorating financial health stemming largely from rising default loans and declining capital and profits.
22 September 2018

Loans for farmers to be cheaper

The central bank has moved to slash the lending rate on farm loans by one percentage point to 8 percent as most banks have cut the
18 September 2018

Banks' toxic loans rise 20pc in six months

Banks' nonperforming loans rose by 20.23 percent, or Tk 15,037 crore, in the six months to June this year owing to poor lending
10 September 2018