Bangladesh Bank (BB)

HC orders probe on BB publication

The High Court yesterday directed the finance secretary to immediately form a probe committee to find out the people responsible for distorting history in a book titled “Bangladesh Bank-er Itihas (History of Bangladesh Bank)”.
Janata now goes for auction

Saddled with Tk 8,300 crore loans to two business groups, most of which have gone bad, Janata Bank has moved to auction property and goods of one -- Crescent Group.
Banks' deposit base expands slightly

Banks' aggressive drive for funds has finally pushed up the deposit growth, easing the cash crunch that has crippled the banking
Seven banks in 'red zone'

The central bank is concerned about seven banks, including three state-run lenders, for their deteriorating financial health stemming largely from rising default loans and declining capital and profits.
Loans for farmers to be cheaper

The central bank has moved to slash the lending rate on farm loans by one percentage point to 8 percent as most banks have cut the
Banks' toxic loans rise 20pc in six months

Banks' nonperforming loans rose by 20.23 percent, or Tk 15,037 crore, in the six months to June this year owing to poor lending
'Gold in BB vault is all right'

State Minister for Finance and Planning MA Mannan today said the gold in the Bangladesh Bank vaults is "alright".
Bank's shady foreign exchange dealings

The Bangladesh Bank (BB) has found that a state-owned bank is openly skirting rules when it comes to foreign exchange transactions. Several major business houses which have been allowed to open letters of credit (LC) and transfer funds abroad, have not submitted bills of entry, which is a proof of goods entering country.
Nothing serious, just 'error in records'

Bangladesh Bank yesterday refuted the allegation that one of the gold bars kept in its highly secure vault by the customs department was adulterated.
Gold scam in BB vault a sign of govt’s plundering: BNP

BNP Standing Committee Member Khandakar Mosharraf Hossain strongly condemns the government for the reported gold scam in the Bangladesh Bank’s vault saying it is another sign of plundering by the government.
‘Mistrust over banking sector an ominous sign’

A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.
Legality of bitcoin in Bangladesh

Bitcoin is a cryptocurrency invented in 2009 by a software developer allegedly named Satoshi Nakamoto with a goal to create “a new electronic cash system” that was “completely decentralised with no server or central authority.
BB asks all banks to ensure proper use of loans

The Bangladesh Bank asks all scheduled banks to strengthen monitoring of their disbursed loans with a view to ensuring the intended use of funds.
BB to release new notes from June 3

Bangladesh Bank (BB) is set to release new currency notes for Taka 10, 20, 50 and Taka 100 in the market ahead of Eid-ul-Fitr from June 3.
3-wheelers to be taxed: NBR in pre-budget talks

CNG-driven auto-rickshaws and other engine or battery-driven three-wheelers will be brought under the tax scheme in the upcoming budget, National Board of Revenue (NBR) says.
Online fund transfer to any bank from June

Fund transfer to any Bangladeshi bank account through online banking will become possible from June, in a development that promises to be a great timesaver for bank customers.
Banks now to get cheaper BB funds

Bangladesh Bank has made funds cheaper for all banks by reducing its repo rate by 75 basis points to 6 percent.
Bad loans soared 20pc in 2017

Banks' default loans surged 19.51 percent in 2017, as the Bangladesh Bank's efforts to rein in bad loans are going to vain.
BB move to cheer up stocks as well

The central bank's move to extend the deadline for lowering the banks' loan-deposit ratio will give a boost to the stock market,
BB to sue Rizal bank over heist

Bangladesh Bank has decided to sue the Rizal Commercial Banking Corporation of the Philippines for its role in the cyber heist of $81
BB to sue Manila-based RCBC

Bangladesh Bank decides to sue the Manila-based Rizal Commercial Banking Corporation against its role in stealing $81 million from the BB's account at the New York Fed more than two years ago.
BB cuts credit-deposit ratio by 1.5 percentage points

Bangladesh Bank slashes loan-deposit ratio by 1.5 percentage points to 83.5 percent in a bid to tighten bank’s capacity to lend.
‘BB probing loss of $75 billion for trade misinvoicing’

State Minister for Finance and Planning M Abdul Mannan tells the parliament that the government has instructed the Bangladesh Bank to investigate into the allegation of losing $75 billion due to trade misinvoicing and other unrecorded outflows between 2005 and 2014.
Bangladesh Bank raises SME loan ceiling

The Bangladesh central bank raises the ceiling of loan facilities to small and medium enterprises (SME), micro and cottage type industries to facilitate financing to help boost trade.
BB unlikely to extend FireEye contract for heist probe

Bangladesh's central bank is unlikely to extend the contract of US cyber security firm FireEye to investigate the electronic theft of $81 million of its money, sources at the bank say, citing high costs as one of the factors.
The Immediate Tasks at Hand

More than three months have passed since the Bangladesh Bank (BB) heist, and in the interim much water has flown down the Padma, Meghna,
BB heist: Govt determined to take steps against all, says Muhith

Finance Minister AMA Muhith says that the government is determined to bring all those involved in stealing money from the central bank’s account with Federal Reserve Bank of New York – be it foreigners and local.
Bangladesh will get stolen funds back: Philippine justice dept

The Department of Justice (DOJ) assures that the money stolen by hackers from the Bangladesh Bank will be returned to its government as soon as possible but procedures have to be followed.
Philippine banks seen to address vulnerabilities vs fraud

Philippine banks are seen to reexamine vulnerabilities to potential fraudsters in order to avoid a repeat of the $81-million money-laundering scandal that has now become a global spectacle.
BB heist: Chinese trader returns $4.34m

Casino junket operator Kim Wong returns another $4.34 million to the Anti-Money Laundering Council (AMLC), which was believed to be part of the alleged $81-million stolen funds from the Bangladesh’s central bank.