Banking | The Daily Star
  • AB Bank MD steps down

    AB Bank Managing Director Moshiur Rahman Chowdhury yesterday handed in his resignation 17 months into his three-year term at the helm of the first generation private commercial bank.

  • Too many compliance reports raise costs for banks: paper

    Commercial banks have to submit scores of reports on compliance -- on average 263 a year -- to the central bank, which a new paper says do not reflect the reality but raise costs for the lenders.

  • SIBL gets new AMD

    Kazi Towhidul Alam has recently been appointed as the additional managing director of Social Islami Bank Ltd (SIBL).

  • Bangladesh Bank gold error

    Banks' board meetings should discuss scheduled issues only: BB

    Bangladesh Bank yesterday asked banks' directors not to take decisions in the board meetings on topics not included in the agenda of the day.

  • Savings tools once again trump bank products

    Savers have started to flock back to savings instruments with net sales hitting a six-month high in July as bank deposit products continue to yield underwhelming returns.

  • HSBC felicitates top exporters

    HSBC Bangladesh yesterday recognised six exporters for their leadership in promoting the country and contributing to its sustainable growth.

  • Seven banks in red zone

    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.

  • Midland Bank elects chairman, vice chairman

    Lawmaker Nilufer Zafarullah has recently been elected chairman of Midland Bank.

  • DBBL awards scholarships to 3,031 students

    Dutch-Bangla Bank Ltd (DBBL) yesterday awarded scholarships to 3,031 meritorious and unprivileged students who passed SSC and equivalent examinations this year and are now studying at the higher secondary level.

  • 13 banks face Tk 10,971cr provision deficit

    Thirteen banks faced a combined provisioning shortfall of Tk 10,971 crore in the second quarter of 2018 which not only exposed their worsening financial health but also raised the possibility of lending rate hike.

  • Banking loopholes limit potential of stockmarket

    Bangladesh's stockmarket is being held back from reaching its potential because of the indiscipline in the banking sector, which has spoiled companies' attitude, said M Khairul Hossain, chairman of the Bangladesh Securities and Exchange Commission (BSEC).

  • IFIC Bank gets new DMD

    Md Monitur Rahman has recently been appointed as deputy managing director and chief of operations and information technology at IFIC Bank.

  • Lending thru' agent banking on the rise

    Lending through agent banking grew 12.32 percent to Tk 137.32 crore in April-June compared to a quarter ago with Bank Asia leading the pack.

  • Banks, NBFIs perk up stocks

    The Dhaka bourse continued to gain for the third consecutive day yesterday thanks to the investors' increasing interest on shares of bank and non-bank financial institutions (NBFIs).

  • BB sounds cyber alarm

    The Bangladesh Bank yesterday warned banks to heighten measures to repel cyber attacks after a multinational hacking ring made off with Rs 94.4 crore from India's Cosmos Bank last week.

  • India's Cosmos Bank loses $13.5m in cyber attack

    Cyber criminals hacked the systems of India's Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank tells police.

  • StanChart launches new home loan product

    Standard Chartered Bangladesh yesterday launched MortgageOne, a home financing solution enabling clients to enjoy a reduced interest rate and loan tenure through maintaining deposits with current accounts.

  • Banks can now open clearing accounts in yuan

    The central bank yesterday allowed banks to open foreign currency clearing accounts in yuan in keeping with the soaring trade with China.

  • 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.