Banking
Plan on cards to introduce $1 billion orange bonds in Bangladesh
Orange bonds are a cross-cutting asset class designed to invest in gender equity and climate action
Don’t withdraw money from banks unless necessary: BB spokesperson
Deposited money is safe in banks, Husnay Ara Shikha says
ERF-Nagad Best Reporting Award 2023 / Star journo Ahsan Habib, 18 others awarded
Habib won the first prize in the private sector category for series reports on "War hit private sector harder than pandemic"
Shahjalal Islami Bank’s profit soars 23% in Q3
However, the cash flow of the Shariah-based lender fell amid increased investments in customer assets.
Bangladesh’s GDP growth slows to 3.91% in Apr-Jun quarter
It is the lowest expansion in the four quarters of 2023-24 fiscal year
Rupali Bank posts Tk 6 crore profit in Q3
The bank also made a profit of Tk 49.80 crore in the January to September period, posting a 16 percent increase year-on-year
Exim Bank suffers a massive Tk 566 crore loss in Q3
The decline in NOCFPS was primarily due to increased investments in customers and a fall in deposits
Tycoons linked to Hasina siphoned $17b from banks, BB chief tells FT
“This is the largest, most significant bank robbery by any international standard,” he said
Mercantile Bank reports a massive 35% rise in profit in Q3
The bank also saw improved cash flow from core operations
SBAC Bank’s profits jump 158% in Q3
Higher investment income and lower expenses drive the bank’s profit growth
Bank accounts of Sikder family members frozen
Transactions in bank accounts of 14 members of the family will remain blocked for 30 days
Bangladesh Bank hikes policy rate to 10% to curb inflation
This is the 11th time since May 2022 the BB hiked the repo rate to make money expensive for banks and tame demand to curb inflation.
BB reduces repo auctions to one day a week
The new measure will be effective from November 1 this year
Forex reserves on the rise: BB Governor assures stability
Bangladesh’s foreign exchange reserves are gradually increasing and stabilising, says Bangladesh Bank (BB) Governor Dr Ahsan H Mansur.