1d ago| Banks

MFS transactions surge in Aug

Transactions through mobile financial services in Bangladesh grew more than 50 per cent year-on-year to Tk 62,230 crore in August, central bank data showed.

3d ago| Banks

Banks hold on to a few borrowers despite risks

State banks in Bangladesh are maintaining an elevated level of loan concentration among a handful of clients, putting their own financial health and the interest of depositors at grave risk.

4d ago| Banks

State banks far away from targets

The Bangladesh Bank yesterday ordered four state banks to speed up cash recovery from defaulters as their record in realising delinquent loans has remained dismal.

1w ago| Banks

BFIU freezes bank accounts of payment gateway Foster

The Bangladesh Financial Intelligence Unit (BFIU) has frozen the bank accounts of Foster Payments due to its alleged involvement in money laundering.

1w ago| Banks

Moody’s changes City Bank outlook to stable

Moody’s Investors Service has changed the outlook to “stable” from “negative” and affirmed issuer rating at B1 for City Bank Limited. 

1w ago| Business

Brac Bank includes transgender, physically challenged to its team

Brac Bank has created employment opportunities for transgender people and people with physical challenges in its fleet as coworkers.

October 15, 2021
October 15, 2021

MFS transactions surge in Aug

Transactions through mobile financial services in Bangladesh grew more than 50 per cent year-on-year to Tk 62,230 crore in August, central bank data showed.

October 13, 2021
October 13, 2021

Banks hold on to a few borrowers despite risks

State banks in Bangladesh are maintaining an elevated level of loan concentration among a handful of clients, putting their own financial health and the interest of depositors at grave risk.

October 12, 2021
October 12, 2021

City Bank adopts Mastercard’s value-added services

City Bank Limited has partnered with Mastercard to integrate Mastercard Payment Gateway Services (MPGS) that enables a range of value-added services for customers. 

October 12, 2021
October 12, 2021

State banks far away from targets

The Bangladesh Bank yesterday ordered four state banks to speed up cash recovery from defaulters as their record in realising delinquent loans has remained dismal.

October 11, 2021
October 11, 2021

4 state banks asked for faster recovery of default loans

The Bangladesh Bank today ordered four state banks to speed up their cash recovery programme from defaulters as they showed a lacklustre performance to realise delinquent loans.

October 10, 2021
October 10, 2021

StanChart launches special account for clients to donate account profits

Standard Chartered Bank today launched Standard Chartered Saadiq Sadaqah Account for clients to donate profits generated by the account to a charity of their choice.

October 9, 2021
October 9, 2021

State banks too weak to entertain Padma's merger proposal: BB

Nearly three months after the merger proposal given by Padma Bank, the Bangladesh Bank said financial health of state lenders now faces “several problems” due to the excessive default loans.

October 8, 2021
October 8, 2021

Midland Bank reelects chairman, vice chairman

Midland Bank Limited has recently witnessed the reelection of its chairman and vice-chairman at the 115th meeting of its Board of Directors.

October 8, 2021
October 8, 2021

BB relaxes banks’ investment rules

Bangladesh Bank yesterday relaxed rules regarding banks’ investment in Treasury bills and bonds in order to help them avoid generating lower-than-expected profits in the secondary bond market.

October 8, 2021
October 8, 2021

StanChart forecasts 7.2pc GDP growth

Bangladesh’s economic growth will rebound to 7.2 per cent in the current fiscal year, riding on domestic consumption, global recovery, steady flow of remittance and rising exports, said Standard...