No minimum deposit for micro-merchant accountholders now
Small merchants who have personal retail accounts will not have to maintain any minimum deposit and face any account maintenance fee, according to a central bank notice.
Banks to pay 4% penal interest for unpaid EDF loans
Currently, the volume of the EDF is $6 billion and the interest rate on EDF loans is 4.5%
Brac Bank to recruit 500 female sales officials to serve women entrepreneurs
Brac Bank has set this unique example on the eve of International Women's Day by appointing an all-women sales team.
Standard Bank gets new MD
Standard Bank has recently appointed a new managing director (MD) and chief executive officer.
Bangladesh Bank sells US dollar at Tk 101 for first time
Bangladesh Bank has sold US dollar at Tk 101 each to banks for the first time, giving indication that it is likely to devalue the local currency to reflect the market reality.
Buro Bangladesh to issue Tk 150 crore bond
Leading non-governmental organisation Buro Bangladesh is going to raise funds of Tk 150 crore by issuing zero coupon bond.
Default loans rises nearly 17%
Habitual defaulters' reluctance to repay the funds fuelled the amount to reach Tk 120,656 crore
President-elect Shahabuddin resigns from Islami Bank’s board
Shahabuddin was made IBBL director in June 2017 after the change of ownership of the bank
Deutsche Bank opens representative office in Dhaka
The leading global bank joins over 70 other German companies already present in Bangladesh
Banking diploma made mandatory for bankers' promotion
Bangladesh Bank has made securing the banking diploma mandatory for bankers to get promoted to senior officers and above
New window to be introduced for Islamic banks’ liquidity support
The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.
Service exporters to get forex retention quota facility
The central bank has instructed banks to provide exporters' retention quota (ERQ) account services to service exporters to help them carry out international transactions.
Standard Bank gets new MD
Standard Bank has recently appointed a new managing director (MD) and chief executive officer.
Bangladesh Bank sells US dollar at Tk 101 for first time
Bangladesh Bank has sold US dollar at Tk 101 each to banks for the first time, giving indication that it is likely to devalue the local currency to reflect the market reality.
IMF releases $476.27 million as first loan instalment for Bangladesh
The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.
Belal Ahmed, now SIBL’s acting chairman
Social Islami Bank Ltd (SIBL) today appointed Belal Ahmed as acting chairman for its board of directors after Md Mahbub Ul Alam resigned from the post on January 26.