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.
Reaching financial inclusion goal to take 200 years at current pace
Reaching the financial inclusion goal would take 200 years for Bangladesh if the country keeps working at the current pace in the area, said Shah Md Ahsan Habib, a professor at the Bangladesh Institute of Bank Management (BIBM), today.
60% sub-branches of banks must be outside city corporations: BB
At least 60 per cent of sub-branches will have to be in areas located outside city corporations and top-tier municipalities, according to a Bangladesh Bank notice yesterday.
Brac University gets Tk 450cr loan from Idcol
Brac University signed an agreement with Infrastructure Development Company Limited (Idcol) yesterday for a term loan facility.
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.
SIBL’s chairman, AMD resign
Social Islami Bank’s Chairman Md Mahbub Ul Alam and Additional Managing Director Abu Reza Md Yeahia resigned from their respective posts last week.
‘Reform banking sector to be a middle-income country by 2031’
The banking sector should go through holistic reforms to strengthen the country’s financial base in order to become an upper middle-income nation by 2031, Asian Development Bank’s Country Director Edimon Ginting said.
Rupali Bank appointed as primary dealer
The central bank yesterday allowed Rupali Bank Ltd to carry out its operations as a primary dealer regularly, according to a notice yesterday.
Bank Asia wins Remittance Award 2022
Bank Asia Limited has won a “Remittance Award 2022” conferred by the Centre for Non-Resident Bangladeshis (NRB) for outstanding contribution in collecting remittance for 2022.
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.
Trust Islami Life’s Tk 16 crore IPO gets nod
The Bangladesh Securities and Exchange Commission today approved the initial public offering of Trust Islami Life Insurance to raise funds of Tk 16 crore.
DCCI for major reforms to arbitration, bankruptcy, company acts
The Dhaka Chamber of Commerce & Industry (DCCI) has called for substantial reforms to the Arbitration Act 2001, the Bankruptcy Act 1997 and the Companies Act 1994 in order to attract investments from both local and foreign investors.