October 11, 2021
October 11, 2021

StanChart launches profit-donating account

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

October 11, 2021
October 11, 2021

Keep CIB updated on borrowers’ boards

Bangladesh Bank yesterday drew up a set of rules for companies that borrowed from banks and non-banks, requiring them to submit up-to-date information on their board of directors to the Credit...

October 10, 2021
October 10, 2021

State banks themselves are problem-ridden

Nearly three months after Padma Bank submitted its proposal seeking a merger with any state-owned lender, Bangladesh Bank said that state lenders are now plagued by financial health issues due to...

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...

October 7, 2021
October 7, 2021

SBAC Bank suspends 11 officials, including 2 DMDs, over alleged irregularities

South Bangla Agriculture and Commerce Bank (SBAC) has suspended 11 officials, including two deputy managing directors (DMDs), due to alleged irregularities in disbursing loans.

October 6, 2021
October 6, 2021

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. 

October 6, 2021
October 6, 2021

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.

October 6, 2021
October 6, 2021

Bangladesh Bank on dollar selling spree to keep taka steady

The foreign exchange regime has made an about-face in the last two months as the Bangladesh Bank continues to inject US dollars (USD) into the market to halt the depreciation of the local currency...