Bangladesh Bank (BB)

Gold in Bangladesh Bank vault is all right, says MA Mannan

State Minister for Finance and Planning MA Mannan today said the gold in the Bangladesh Bank vaults is "alright".
18 July 2018

Bank's shady foreign exchange dealings

The Bangladesh Bank (BB) has found that a state-owned bank is openly skirting rules when it comes to foreign exchange transactions. Several major business houses which have been allowed to open letters of credit (LC) and transfer funds abroad, have not submitted bills of entry, which is a proof of goods entering country.
17 July 2018

Nothing serious, just 'error in records'

Bangladesh Bank yesterday refuted the allegation that one of the gold bars kept in its highly secure vault by the customs department was adulterated.
17 July 2018

Gold scam in BB vault a sign of govt’s plundering: BNP

BNP Standing Committee Member Khandakar Mosharraf Hossain strongly condemns the government for the reported gold scam in the Bangladesh Bank’s vault saying it is another sign of plundering by the government.
17 July 2018

Mistrust over banking sector an ominous sign: BB governor

A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.
14 July 2018

Legality of bitcoin in Bangladesh

Bitcoin is a cryptocurrency invented in 2009 by a software developer allegedly named Satoshi Nakamoto with a goal to create “a new electronic cash system” that was “completely decentralised with no server or central authority.
9 July 2018

BB asks all banks to ensure proper use of loans

The Bangladesh Bank asks all scheduled banks to strengthen monitoring of their disbursed loans with a view to ensuring the intended use of funds.
5 June 2018

Bangladesh Bank to release new notes from June 3

Bangladesh Bank (BB) is set to release new currency notes for Taka 10, 20, 50 and Taka 100 in the market ahead of Eid-ul-Fitr from June 3.
27 May 2018

3-wheelers to be taxed: NBR in pre-budget talks

CNG-driven auto-rickshaws and other engine or battery-driven three-wheelers will be brought under the tax scheme in the upcoming budget, National Board of Revenue (NBR) says.
19 April 2018

Online fund transfer to any bank from June

Fund transfer to any Bangladeshi bank account through online banking will become possible from June, in a development that promises to be a great timesaver for bank customers.
18 April 2018

Banks now to get cheaper BB funds

Bangladesh Bank has made funds cheaper for all banks by reducing its repo rate by 75 basis points to 6 percent.
3 April 2018

Bad loans soared 20pc in 2017

Banks' default loans surged 19.51 percent in 2017, as the Bangladesh Bank's efforts to rein in bad loans are going to vain.
15 March 2018

BB move to cheer up stocks as well

The central bank's move to extend the deadline for lowering the banks' loan-deposit ratio will give a boost to the stock market,
21 February 2018

BB to sue Rizal bank over heist

Bangladesh Bank has decided to sue the Rizal Commercial Banking Corporation of the Philippines for its role in the cyber heist of $81
7 February 2018

BB to sue Manila-based RCBC

Bangladesh Bank decides to sue the Manila-based Rizal Commercial Banking Corporation against its role in stealing $81 million from the BB's account at the New York Fed more than two years ago.
7 February 2018

BB cuts credit-deposit ratio by 1.5 percentage points

Bangladesh Bank slashes loan-deposit ratio by 1.5 percentage points to 83.5 percent in a bid to tighten bank’s capacity to lend.
30 January 2018

‘BB probing loss of $75 billion for trade misinvoicing’

State Minister for Finance and Planning M Abdul Mannan tells the parliament that the government has instructed the Bangladesh Bank to investigate into the allegation of losing $75 billion due to trade misinvoicing and other unrecorded outflows between 2005 and 2014.
3 May 2017

Bangladesh Bank raises SME loan ceiling

The Bangladesh central bank raises the ceiling of loan facilities to small and medium enterprises (SME), micro and cottage type industries to facilitate financing to help boost trade.
3 April 2017

Bangladesh unlikely to extend FireEye contract for heist probe

Bangladesh's central bank is unlikely to extend the contract of US cyber security firm FireEye to investigate the electronic theft of $81 million of its money, sources at the bank say, citing high costs as one of the factors.
22 June 2016

The Immediate Tasks at Hand

More than three months have passed since the Bangladesh Bank (BB) heist, and in the interim much water has flown down the Padma, Meghna,
16 May 2016