Banking | The Daily Star
  • Citi holds forum on Belt and Road Initiative

    Citibank NA Bangladesh has recently hosted a forum on the Belt and Road Initiative (BRI) underlining the bank's commitment to support Bangladesh, global clients and investors with the opportunities offered by the programme launched by China.

  • Increase bank branches to reach out to poor: Muhith

    Banks should increase their number of branches to give a boost to financial inclusion, said Finance Minister AMA Muhith yesterday.

  • No rate cut on savings tools this year

    The interest rate on savings instruments will remain unchanged for the time being, in a development that can be termed an about turn for Finance Minister AMA Muhith, who only a couple of days ago indicated it would be lowered.

  • MTB Unit Fund declares 13.25pc cash dividend

    MTB Unit Fund's trustee committee has declared a cash dividend of 13.25 percent per unit for fiscal 2017-18, says a press release.

  • HSBC gets new head of retail banking

    Ahmed Saiful Islam has been appointed as the head of retail banking at HSBC in Bangladesh with effect from August 2.

  • Bangladesh Bank gold error

    RESERVE HEIST: BB to file lawsuit in NY court by January

    The central bank is going to file a damage claim with a New York court by January next year to recover its reserve money stolen through one of the biggest cyber crimes in the world in February 2016.

  • City Bank launches online supply finance chain

    City Bank yesterday launched a digital “Supply Chain Finance and Distributor Finance Facility” through which suppliers will get paid whenever invoices are approved while buyers will enjoy increased liquidity and improved working capital.

  • City Bank's consolidated half-yearly earnings decrease

    City Bank's consolidated earnings per share for January-June 2018 declined to Tk 1.51 against Tk 2.18 for the same period a year ago.

  • 40pc bankers dislike working in internal audit: BIBM survey

    Around 40 percent of the bankers do not want to work in the internal audit departments due to the huge work pressure, a survey found.

  • Banking stocks rebound

    Shares of banks on the Dhaka Stock Exchange rose strongly yesterday, putting a halt to their frequent fall this year.

  • Brac Bank's profit rises 13pc

    Brac Bank's consolidated profit after tax rose 13 percent year-on-year to Tk 272.8 crore in the first half of 2018.

  • Rupali Insurance re-elects chairman

    Mostafa Golam Quddus has recently been re-elected chairman of Rupali Insurance Company Ltd.

  • State banks' escalating bad loans a threat: BB report

    The rising default loans in the eight state banks, which accounts for 57.53 percent of the total classified loans in the banking sector, have become a threat to the sector's stability, according to the Bangladesh Bank's Financial Stability Report.

  • City Bank, bKash team up to serve each others' clients

    City Bank and bKash, the country's largest mobile financial services provider, yesterday joined hands to allow their customers to avail a number of services from each other's platforms, in what can be described as a first-of-its-kind partnership for the country's financial sector.

  • HSBC launches 8th export awards

    The Hongkong and Shanghai Banking Corporation Ltd in Bangladesh yesterday launched the eighth edition of the HSBC Export Excellence Awards to recognise the contribution of the country's exporters.

  • ADB doubles commitment for next three years

    The Asian Development Bank is ready to lend $8.01 billion to Bangladesh over the next three years, almost the double the amount it had committed in the previous three years.

  • Money market unstable due to banks' problems

    Bangladesh's money market has been volatile due to the deepening problems in the banking sector, analysts said yesterday.

  • Bangladesh Bank gold error

    BB keeps on injecting dollar into market

    Bangladesh Bank has continued its practice of injecting dollars into the market this fiscal year to cool down exchange rate volatility, with $62 million being pumped in just the first 17 days of the month.

  • Agent banking bringing in deposits for banks: experts

    Agent banking is becoming a major source of deposits for banks thanks to its reach to remote population who are being encouraged to park their funds with formal institutions, analysts said yesterday.

  • Bangladesh Bank gold error

    'Gold in BB vault is all right'

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

  • Mistrust towards banks an 'ominous sign'

    A slight mistrust towards the country's banking sector has recently emerged in people's minds, which is an “ominous sign” for banks, said Bangladesh Bank Governor Fazle Kabir yesterday.

  • State banks' loss-making branches shrink

    State-run banks saw a significant decline in the number of loss-making branches last year as Bangladesh Bank's plan to reinvigorate the institutions is at long last bearing fruit.

  • Farmers Bank fails to pay import bills

    Farmers Bank is now under pressure to settle its overdue payments for import, with a number of foreign missions dangling the threat of blacklisting the troubled lender if it does not pay back immediately.

  • ‘Mistrust over banking sector an ominous sign’

    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.

  • New DMD for Premier Bank

    Premier Bank has recently appointed Md Abdul Hai as its deputy managing director.

  • New DMD for Dhaka Bank

    AKM Shahnawaj has recently been promoted as deputy managing director of Dhaka Bank.

  • Private banks made to work harder for deposits

    Despite intense efforts to attract funds private banks are experiencing a slowdown in deposit growth due to a lack of confidence of depositors following a series of reports of loan scams.

  • Contactless credit cards near rollout

    The central bank yesterday gave the green light to the rollout of contactless credit cards, ushering in an exciting new era of payment system in Bangladesh.

  • Pubali Bank gets new AMD

    Pubali Bank has recently appointed Muhammad Mijanur Rahman Joddar as an additional managing director.

  • Lowering lending rate overnight difficult: Muhith

    Finance Minister AMA Muhith yesterday said it is difficult to bring down the lending rate of banks to single-digit overnight.

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