Citi to exit consumer banking in Mexico
Citi announced Tuesday it will exit its Mexican consumer banking business, the latest reorganization effort to steer the US financial heavyweight towards higher-return ventures.
BB delineates CSR fund use
Bangladesh Bank yesterday issued guidelines on how banks and non-bank financial institutions should use corporate social responsibility (CSR) funds, with focus on education, health and climate...
Padma Bank can clean balance sheet on 2 conditions
Bangladesh Bank has allowed Padma Bank, albeit under two conditions, to list its accumulated loss as “intangible loss” so that it does not show up in its balance sheet, thereby enabling it to...
HSBC launches My Calendar App
Hongkong and Shanghai Banking Corporation (HSBC) has recently launched ‘HSBC My Calendar App’ to celebrate its 25-year journey in Bangladesh.
Exim Bank promotes two to deputy MD
Exim Bank has recently witnessed the promotion of two of its additional deputy managing directors to the posts of deputy managing directors.
Stimulus: Tk 500cr rolled out for those who migrated to villages during pandemic
The Bangladesh Bank yesterday rolled out a stimulus package of Tk 500 crore to support people who migrated back to their villages due to the ongoing economic hardship.
China implements new schemes for banks
China’s central bank confirmed on Saturday that it will implement new schemes aimed at encouraging financial institutions to lend to small businesses under pressure due to the impact of Covid-19.
IFIC Bank to sell entire stake in Nepal lender
IFIC Bank is set to sell its more than 40 per cent stake in a Nepalese bank as it no longer sees its business in the Himalayan Kingdom viable.
Banks glowing with paper profit
Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans.
Mercantile Bank opens 35 agent banking outlets
Mercantile Bank launched 35 agent banking outlets across the country yesterday to provide basic banking services to the unbanked population.