Banks’ capital base weaker than regional peers

The capital base of the banking industry in Bangladesh is much weaker than its peer countries in South Asia, which indicates their fragile financial health and poor brand image in the outside world.
15 August 2021, 18:00 PM

BB rates Brac Bank as one of top 10 sustainable banks

Brac Bank has been named one of the top 10 sustainable banks of Bangladesh based on its performance during the pandemic last year. 
14 August 2021, 18:00 PM

Unrealised rescheduled loans threat to banks

Unrealised rescheduled loans might create a challenging situation for the profitability and solvency of banks in the coming days, the Bangladesh Bank has warned.
14 August 2021, 18:00 PM

BB won’t budge on deposit rate order

The Bangladesh Bank yesterday refused to revisit its instruction that asked banks to set a higher interest rate on fixed deposits than the inflation rate despite pleas from lenders.
11 August 2021, 18:00 PM

Prime Bank retains credit ratings

Prime Bank has retained its credit ratings for the long and short terms.  Emerging Credit Rating provided the “AA” and “ST-2” ratings respectively, valid till June 30, 2022, terming the associated outlook “stable”.
10 August 2021, 18:00 PM

Al-Arafah bank gets new chairman, vice-chairman

Al-Arafah Islami Bank (AIBL) has recently witnessed the election of a chairman and vice-chairman. 
10 August 2021, 18:00 PM

Trade deficit hits all-time high

Bangladesh’s trade deficit hit an all-time high of $22.27 billion last fiscal year due to a rise in commodity prices in the global market.
10 August 2021, 18:00 PM

HSBC Bangladesh ‘International Retail Bank of the Year’

HSBC Bangladesh has been named “International Retail Bank of the Year, Bangladesh” at the Asian Banking and Finance Retail Banking Awards 2021. 
9 August 2021, 18:00 PM

Regular banking hours from tomorrow

Banks and the stock market will return to their normal activities from tomorrow as the government looks to partially reopen the economy despite a surge in coronavirus infections.
9 August 2021, 18:00 PM

BB not sticking to its words

Bangladesh Bank yesterday showed little interest in mopping up excess liquidity from the banking system as it withdrew only 38 per cent of funds attracted from banks through an absorbent instrument.
9 August 2021, 18:00 PM

Brac Bank named for UN fund

Brac Bank has been named as one of the 10 recipients of a Women Enterprise Recovery Fund in the Asia-Pacific region recently. 
8 August 2021, 18:00 PM

Bank bonuses rise as profits rebound

Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the Covid-19 pandemic and rebounding bank profits.
8 August 2021, 18:00 PM

Deposit interest shouldn’t go below inflation rate: Bangladesh Bank

Bangladesh Bank (BB) yesterday asked banks not to set interest rates on fixed term deposits below the inflation rate as it yields negative returns for savers.
8 August 2021, 18:00 PM

Brac Bank gets ‘Best Cash Management’ award

Brac Bank has recently been named for a Best Cash Management Bank Award 2021. 
5 August 2021, 18:00 PM

Bank locker: an option to protect valuables

Iqbal Hossain Shaon works at a multinational company in Dhaka. He has to go out of the capital frequently for official purposes.
5 August 2021, 18:00 PM

Banks to remain closed on Aug 8

Bangladesh Bank yesterday decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.
5 August 2021, 18:00 PM

BB set to rein in excess money supply

The Bangladesh Bank yesterday decided to mop up excess liquidity as it is hurting banks, savers and small borrowers and threatening to create instability in the economy through asset bubbles.
5 August 2021, 18:00 PM

Bangladesh on cusp of industrial revolution

Bangladesh is on the cusp of an industrial revolution as incomes rise and technology plays an ever-increasing role in the economy, according to HSBC.
4 August 2021, 18:00 PM

Savers, small borrowers pay price as banks run after high profit

With the financial sector being weighed down by huge excess liquidity, banks have cut the interest rates on deposits at a faster pace than on loans, penalising savers and, to some extent, small borrowers.
4 August 2021, 18:00 PM

9 banks join Brac pandemic campaign

A total of nine private banks have joined Brac to provide cash support and healthcare services across Bangladesh during the pandemic’s new wave. 
4 August 2021, 18:00 PM