Cross-border payments are inefficient, often slow, opaque and expensive. Worldwide businesses did $23.5 trillion cross-border transactions in 2020, which is equivalent to 25 per cent of global GDP.

Financially weak banks should consider mergers in a bid to reduce the pressure of default loans, according to Salman F Rahman, the prime minister’s adviser on private industry and investment.

In an upsetting development, default loans in the banking sector in Bangladesh have surpassed Tk 1 lakh crore after more than one and a half years despite a relaxed loan classification policy adopted by the central bank.

Default loans in the Bangladesh’s banking sector has gone past Tk 1 lakh crore despite relaxed loan classification policy taken by the central bank.

The wait for an interoperable digital transaction system is soon going to be over as the government is launching it early next year.

The tale of the excess liquidity in Bangladesh’s banking sector does not paint the true picture as the majority of the additional fund is concentrated to a few lenders.

Masihul Huq Chowdhury has recently been reappointed as the managing director of Community Bank Bangladesh Ltd for the second consecutive term, which will be effective from December 1.

The Asian Development Bank (ADB) has approved a $150 million loan for Bangladesh to provide financing for cottage, micro, and small enterprises (CMSEs) operated by youths, returning migrant workers and rural entrepreneurs, particularly women, who have been hit hard by Covid-19.

Basudeb, who hails from a remote village in Patuakhali, thought he had carved out a comfortable life for himself and his family in Dhaka.

Bank Asia and MSC Global Consulting Pte Ltd recently signed a memorandum of understanding to ensure resilience and financial health for

Community Bank Bangladesh Ltd has been declared as the winner of the globally acclaimed Infosys-Finacle Innovation Awards 2021 recently.

Bangladesh Bank has asked Sonali Bank to explain why the state lender should not face a penalty for its overexposure in the capital market.

In an ominous sign, the central bank has flouted its own rules when it permitted Aviva Finance Ltd to open five more branches although the financial health of the non-bank financial institution has been in a bad shape.

Bangladesh Krishi Bank recently promoted three general managers to deputy managing directors.

Up until July this year, firms had been able to borrow at unprecedented lower interest rates as the cost of funds declined amid business slowdown. 

Japanese multinational conglomerate SoftBank Group Corporation is going to buy a 20 per cent stake in bKash, which could give a further push to the fast-expanding mobile financial service industry in Bangladesh.

Banks in Bangladesh are less keen on giving out loans under the second round of stimulus packages as many clients are in trouble to pay off their current debts, a development that may hurt the economic recovery.

The International Monetary Fund will inquire about Bangladesh’s progress in reforming the local banking and subsidy sectors as well as ongoing vaccination drive as it is set to hold its first dialogue with the government since the coronavirus outbreak.

The Bangladesh Bank has imposed a fine of Tk 10 lakh on Southeast Bank for breaching rules by making an excessive amount of investment in a single company in the stock market.

As inflation soars to its highest level in three decades in Germany, Simon and Lena Wendland, parents of newborn twins, say that their lives have become more uncertain.