Banking | The Daily Star
  • Banks' provision shortfall widens

    The banking sector's provisioning shortfall went up 18.33 percent in the second quarter of 2017 from a year earlier thanks to high default loans at state banks.

  • Bangladesh Bank

    BB makes credit card operations cheaper for banks

    The central bank has cut the banks' cost for loans for credit card usage with a view to encouraging digital transaction in the economy.

  • Leading by example: EBL

    Bangladesh has an excess number of banks at present, which has given rise to unhealthy competition, said Ali Reza Iftekhar, managing director of Eastern Bank Limited.

  • City Bank issues Tk 500cr bonds

    City Bank has recently completed the process of issuing coupon bearing subordinated bonds worth Tk 500 crore in Bangladesh, the bank yesterday said in a statement.

  • MTB Unit Fund declares 13pc dividend

    MTB Unit Fund has declared 13 percent cash dividend for the unit holders for fiscal 2016-17. The announcement came at a meeting of the trustee committee of the MTB Unit Fund in Dhaka on Monday.

  • Grameen Bank electoral rules may see changes

    The government may amend the electoral rules of microcredit lender Grameen Bank so that it can pick nine directors from the borrowers by itself -- like it has done since its inception.

  • New AMD for UCB

    Ahsan Afzal has recently joined United Commercial Bank as additional managing director, the bank yesterday said in a press release.

  • Changes in bank law on cards

    The finance ministry has moved to make changes to the Banking Companies Act 1991 that would strengthen the grip of families on private banks.

  • Brac Bank's half-yearly profit grows 39pc

    Brac Bank has diversified its SME financing by branching out across the country to maintain its market-leading position in the segment, its chief executive said yesterday.

  • New additional managing director for UCB

    Mohammed Shawkat Jamil has recently been promoted as the additional managing director of United Commercial Bank, the bank yesterday said in a statement.

  • New chairman for NCC Bank

    Md Nurun Newaz Salim has recently been elected as the chairman of NCC Bank Ltd, the bank yesterday said in a statement.

  • HSBC announces profit increase

    HSBC Holdings PLC on Monday said profit grew 5 percent in the six months through June and announced its third share buyback in a

  • Daily transactions reach Tk 1,000cr

    Mobile transactions reached Tk 30,008 crore for the first time in June, according to Bangladesh Bank.

  • Bank Asia, UNDP team up for social safety net payments

    Bank Asia has recently teamed up with the United Nations Development Programme (UNDP) to provide the village population with easier access to social safety net payments.

  • Banks susceptible to cyber threats: analysts

    Bangladesh's banks remain vulnerable to cyber threats as hackers continue to target financial institutions exploiting modern technology, analysts said yesterday.

  • Home loans rise on falling interest: study

    Bangladesh's banking sector has been seeing a surge in home loans for the last two years due to single digit interest rate and an increase in per capita income.

  • Banks asked to open help desks to boost FDI

    Bangladesh Bank yesterday asked all banks dealing in foreign currencies to set up at least one dedicated help desk in their Dhaka and Chittagong head offices with competent officials to help potential foreigners in making productive investment.

  • Banks can't cut remittance sending costs: bankers

    Banks can do nothing to reduce the cost of bringing remittance to Bangladesh as they do not charge anything at all for channelling the hard-earned money sent by the migrant workers.

  • BB advises banks to help flood victims

    Bangladesh Bank has advised all scheduled banks to distribute relief and financial assistance among the flood-affected people in the country, especially those in the northern areas, under their corporate social responsibility activities.

  • WB to assess progress in VAT digitisation

    A World Bank mission is expected to visit Dhaka next week to assess the progress in digitisation and modernisation of the VAT system in light of the government move to shelve the implementation of the new law for two years.

  • Banks opt for bonds to raise capital

    Banks are opting for bonds to raise their capital in line with Basel III requirements for their cost-effectiveness, instead of floating more shares on the stockmarket.

  • AB Bank in leadership vacuum

    AB Bank has run into a leadership vacuum after its managing director and chief financial officer were among the 16 accused of embezzling Tk 383 crore from the bank by the Anti-Corruption Commission.

  • Bank Asia reelects vice chairmen

    Mohd Safwan Choudhury and AM Nurul Islam Anu have recently been re-elected vice chairmen of Bank Asia.

  • Bank Asia re-elects chairman

    A Rouf Chowdhury has been re-elected as the chairman of Bank Asia.

  • Banks weighed down by bad loans, lack of quality manpower

    Rising non-performing loans (NPL) and the dearth of quality personnel are the major challenges facing the banking sector, said a top banker.

  • Central bankers want more talks, not coordination

    There is no behind-the-scenes pact between powerful central bankers to tighten policy but the potent effect their actions have on

  • Govt urges banks to provide Tk 20,000cr for power projects

    The government has urged banks to channel Tk 20,000 crore into the power sector over the next six months to fast-track quick rental

  • BB updates SME terms

    Bangladesh Bank (BB) has updated its definition of micro, cottage, small and medium enterprises in line with the National Industrial

  • Cyberhacking incidents seen too costly for banks: Kaspersky

    A Russian-based IT security firm said that banks interrupted by cyberhacking also have to deal with data loss, damage to brand reputation and leakage of confidential information.

  • Shahjalal Islami Bank gets new AMD

    M Shahidul Islam has joined Shahjalal Islami Bank as additional managing director, according to the bank.