Banks
Withdrawals put BASIC Bank in liquidity crisis
BASIC Bank is experiencing a deep liquidity crunch as depositors have been withdrawing money for weeks following news that the state-run lender is going to be acquired by a private commercial bank.
Will BB steps build up reserves? Not so soon
Bangladesh Bank’s steps to boost the country’s foreign currency reserves will not yield any positive results overnight.
More banking reforms, subsidy cuts prescribed
The International Monetary Fund (IMF) emphasised more reforms in the banking sector and tax collections and reducing subsidies to help the economy turn around.
Three difficult choices to heal economy
Bangladesh yesterday made three major decisions to cushion the economy against critical risks such as stubborn inflation and depletion of foreign currency reserves.
POLICY RATE HIKE, FLEXIBLE EXCHANGE RATE / Exporters to win, consumers to bear the brunt
The exporters have already welcomed the central bank's move to devaluate the local currency, which they have long been waiting for.
‘Policy rate hike, flexible exchange rate will be helpful for economy’
PRI Executive Director Ahsan H Mansur says
Prioritise sustainable revenue generation, IMF tells Dhaka
IMF mission concluded its 15-day visit to Bangladesh today
Tk 34,000 crore investment proposals came in Jan-Mar: Bida
302 industries will make the investments
Islami Bank to issue Tk 1,000 crore bond to strengthen capital
Islami Bank Bangladesh, the largest and oldest shariah-based bank in the country, today announced that it would borrow Tk 1,000 crore through the issuance of bonds to improve its capital adequacy in line with Basel-III.
Singer incurs losses in Q1
The home appliance maker counted a loss of Tk 2.1 crore in Jan-Mar quarter
Heidelberg Bangladesh’s sales drop, but profit rises
The company gives credit to fall in administration, distribution costs and selling expenses
Mohammad Abu Jafar, new managing director of Premier Bank
He has 34 years of experience in banking
Deposits safe in banks being merged: BB
Money deposited by individuals and institutions with banks, which have decided to go for mergers, will remain completely safe and secure, Bangladesh Bank said in a statement yesterday.
Inflation, exchange rate stability should get priority: experts
ICMAB organises a pre-budget discussion
Depositors’ money in merged banks will remain completely safe: BB
Accountholders of merged banks will be able to maintain their respective accounts as before
Aziz Mohammad Bhai buys 27 lakh new shares of Olympic Industries
He now holds 17 percent or Tk 499 crore worth of shares of the company
BDBL board okays merger with Sonali Bank
As of December 2023, BDBL had Tk 982 crore bad loans and Sonali Tk 13,150 crore
