Bangladesh Bank (BB) has introduced rules for banks to facilitate import trade into free trade zones (FTZs), aiming to support trade flows by allowing manufacturers to import raw materials and other items and store them for up to 60 months

The Bangladesh Bank has returned Al-Arafah Islami Bank PLC (AIBL) to its former owners and shareholders, reconstituting the board of directors to include 14 directors drawn from the bank’s original sponsor-entrepreneurs.

The circular also allows outstanding borrowings to be converted into equity subject to existing regulations

Bangladesh Bank (BB) has extended a legal exemption allowing defaulter Shinepukur Ceramics Ltd to continue opening letters of credit (LCs) for importing raw materials, aiming to keep the company's production running and protect jobs

Banks are now trading the US dollar between Tk 122.70 and Tk 123.75

He will replace Deputy Governor Zakir Hossain Chowdhury as the government has cancelled Zakir's remaining tenure

Bangladesh Bank (BB) has relaxed a provision of the Bank Company Act, 1991 until June 30, 2027 in favour of defaulter Abdul Monem Sugar Refinery Ltd (AMSRL), allowing it to open import LCs (letters of credit)

Cash incentives will be available for 43 specified export items, with rates ranging from 0.30% to 10%

The order will take effect immediately, according to a central bank circular issued today.

The framework will allow electronic submission, transmission, and verification of trade documents across approved international trade corridors

BB banks on legal reforms, tighter supervision and global standards

Sarwar will take up the post after voluntarily retiring from his current position as executive director

A four-pillar plan aims to bring down NPLs, which stood at over 32 percent in March

The Bangladesh Bank (BB) has lowered its private sector credit growth target to 6.8 percent by the end of December this year, against the backdrop of sluggish demand

July-Dec MPS set to be unveiled today

Interest-free facility will be in force till Dec 31

The one-time facility allows defaulting borrowers to clear bad loans in a single payment without interest

The decision was taken to ensure that borrowing costs remain reasonable for businesses and productive sectors

Emergency support is helping banks repay depositors, he says

In a circular issued on June 24, the central bank said it had recently received complaints from customers regarding difficulties in purchasing savings certificates through banks.