Banking

BB stands by small depositors

Bangladesh Bank yesterday instructed banks to impose account maintenance fees on small depositors once a year.
Banking hours extended as people rush to branches

The central bank yesterday extended the banking hours by half an hour after clients rushed up to branches to withdraw cash as the country is set to go into a strict lockdown from April 14 to tame the raging coronavirus.
Online Account Opening: More banks jump on the bandwagon

People can open bank accounts from anywhere as an increasing number of lenders have made digital options available, helping customers avail financial services without visiting branches during the coronavirus pandemic.
Bank Asia gets new director

Bank Asia has recently witnessed the appointment of a new director.
An avenue for small savers

After paying rent, buying daily necessities and providing educational expenses for the children, most of the salary of an average professional is gone.
Dutch dev bank invests $50m in Brac

Dutch development bank FMO has invested $50 million in Brac to accelerate innovations that impact the lives of underserved and marginalised people.
Banks can declare highest 30% dividend for shareholders

Banks can now declare a maximum of 30 percent dividend including 15 percent cash for shareholders after meeting the compliance requirements of Bangladesh Bank.
Mamoon Mahmood Shah Made New Managing Director & CEO of NRB Bank Limited

A postgraduate in Accounting from the University of Dhaka, Mr. Mamoon Mahmood Shah started his banking career as Probationary Officer of IFIC Bank Ltd. Mr. Mahmood joined NRB Bank Limited as Additional Managing Director in 2019. He has to his credit a wide range of banking experience of more than 30 years which includes serving in key positions in a number of both local and multinational banking institutions such as EBL, HSBC, Standard Chartered, ANZ Grindlays, etc. He also held the position of MD & CEO of ICB Islamic Bank, National Finance Ltd., and GSP Finance.
Govt alerts banks about cyberattack threat

The government has alerted banks about the threat of a cyberattack, instructing them to put in place precautionary measures to prevent hackers from stealing money.
Govt alerts banks about cyberattack threat

The government has alerted banks about the threat of a cyberattack, instructing them to put in place precautionary measures to prevent hackers from stealing money.
Banks to continue suspended ATM operations for 6-8hrs at night

Most of the banks are keeping their ATM (automated teller machine) booth operation suspended for 6-8 hours at night following a hacking alert issued by the Bangladesh Bank in late August.
City Bank joins growing list of lenders issuing international debit card

City Bank has introduced a dual currency debit card, joining a growing list of lenders that are offering the facility to lure in the progressively global-minded customers in the country that are averse to using credit cards.
Eastern Bank’s profits rise on higher loan recovery, low NPL

Eastern Bank’s profits grew at a handsome rate in 2019 thanks to a higher recovery from written-off and classified loans, new client acquisition and deeper penetration both in retail and SME segments despite it being a challenging year for almost every financial institution.
Banking sector’s stressed asset figure, once unveiled annually, is now under wraps

The central bank has stopped publishing the figure of stressed assets in its annual financial stability report with a view to painting a rosy picture of the banking sector at a time when lenders are facing one of their worst crises in living memory.
Social Islami Bank launches ‘dual prepaid’ card

Social Islami Bank has launched a “dual prepaid” card with a number of features which would make daily activities of its users “more comfortable than ever”.
Kabir reappointed BB governor after much ado

The government yesterday finally reappointed Fazle Kabir as the governor of the central bank for two more years as it looks for an old hand to steer the financial sector during its most challenging period yet.
AB Bank asks over 100 employees to resign

AB Bank has asked more than 100 of its employees to resign as part of its efforts to restructure operations.
Dhaka Bank shapeshifting with pandemic

When the majority of banks are struggling to survive from the ongoing financial meltdown brought on by the coronavirus pandemic, Dhaka Bank has introduced a novel banking product that will help clients open their account from home.
Banks’ looming salary cuts: far-sighted or self-seeking?

Opportunism. That is what comes to mind when one hears of the move by the Bangladesh Association of Banks (BAB), an organisation of sponsors of private banks, to usher in salary cuts for their staffs.
SIBL targets low-cost deposits

Social Islami Bank has rolled out a new campaign to rope in more customers and widen the customer base by offering Tk 100 in instant cash bonus for opening any new accounts, in a move that can give a boost the central bank’s financial inclusion agenda.
EBL introduces export factoring solution

Eastern Bank (EBL) yesterday rolled out a novel export factoring solution -- just the day after the central bank issued the guideline for it -- as part of its efforts to reduce the risks that Bangladeshi exporters face when it comes to collecting their goods’ worth.
Bangladesh Bank orders disbursal of stimulus funds by next month

The Bangladesh Bank yesterday cracked the whip on banks for their foot-dragging in implementing the stimulus packages for businesses, ordering them to disburse all funds within the next month.
Listed banks bleed in H1. But the market is not too fussed.

Most banks’ operating profits declined 20 to 30 per cent in the first half of 2020 because of the paralysed economy but the fall did not reflect properly in their stock prices owing to the floor price.
Borrowers get interest rebate for Apr-May

The Bangladesh Bank yesterday drew up a policy to rebate interest for borrowers for the April-May period as part of its move to give a breathing space to them from the ongoing economic fallout.
Businesses should use funds from stimulus packages properly

Businesses should use the funds from the stimulus packages properly to make a turnaround from the ongoing economic fallout, or else they will collapse into a bad state of affairs, said a top banker.
BB driving with its eyes closed amidst the economic tempest

Without data, companies are deaf and blind, it is often taught in business schools.
BB almost doubles funding for SMEs’ refinance schemes

The central bank almost doubles the volume of funding of three refinance schemes for small and medium enterprises (SMEs) in order to protect the marginal entrepreneurs from the ongoing economic fallout from the coronavirus pandemic.
Sonali Bank branch locked down after official tests Covid-19 positive

Sonali Bank has locked down its Shilpa Bhaban Corporate branch in Dhaka after an official of the branch tested positive for Covid-19.
Nimble-footed Reserve Bank of India shows Bangladesh Bank the way

Adversity brings out the best in man, William Shakespeare once said.
BB extends banking operations nationwide

The Bangladesh Bank decides to extend the banking operation across the country during the ongoing shutdown.