Distressed loans soar to a record Tk 4.75 lakh cr
Distressed loans at banks totalled over Tk 4.75 lakh crore at the end of 2023 – a revelation that makes for a sobering read of the actual health of this vital sector of the economy.
5d ago
Minimum 2% shareholding for board membership a reason behind banking sector ills
Referring to the legal provision requiring a 2 percent shareholding in a commercial bank to become a director, Abdul Mannan, chairman of First Security Islami Bank (FSIB), said this has driven away seasoned banking leadership from boardrooms and allowed infamous individuals like S Alam into banking leadership roles.
1w ago
Beximco seeks extension of loan tenure by 10 years
Beximco has sought support from the government to extend the repayment period of its liabilities to Janata Bank over the next 10 years, including a two-year moratorium.
1w ago
Forex market on the mend as remittances rebound
After a prolonged period of crisis, the foreign exchange market in Bangladesh, especially the interbank forex market, is showing signs of recovery, driven by a rebound in remittance receipts and key policy interventions by the central bank.
2w ago
Salman loses grip on IFIC Bank
The Bangladesh Bank yesterday constituted a new board of directors at IFIC Bank after dissolving the previous board, effectively bringing an end to Salman F Rahman’s grip on the private commercial bank.
1m ago
Islamic bank deposits grow despite irregularities
The country’s Islamic banking sector registered growth in deposits in June although several Shariah-based lenders are facing widespread scams and irregularities.
1m ago
Remittances jumped 39% in August
Remittances sent by Bangladeshis living abroad soared nearly 39 percent year-on-year to $2.2 billion in August, which is likely to ease pressure on the foreign exchange reserves to some extent.
1m ago
Orion Pharma’s Tk 132cr loan rescheduled with special approval
Orion Pharma Ltd, a pharmaceutical company of Orion Group, has been provided a rescheduling facility on a forced/demand loan by state-run Agrani Bank with special approval from the Bangladesh Bank.
1m ago
December 13, 2023
Bangladesh to become 2nd-fastest economy among 46 nations: Mastercard
GDP of Bangladesh is expected to grow 6.3 percent in 2024 whereas India’s expected growth is 6.4 percent
December 6, 2023
Costly USD, higher inflation hurting dairy industry
Says Simon Stevens, executive vice-president (international) of Arla Foods
December 6, 2023
14 individuals, 12 firms on top taxpayers' list for 8th straight year
It comes as the NBR unveiled the names of 141 individuals and companies as the highest taxpayers for the assessment year of 2022-23.
November 15, 2023
Transactions thru credit cards drop 7.73%
Bangladeshi credit cardholders spent twice as much abroad as foreign nationals did within Bangladesh in September, according to the Bangladesh Bank (BB).
October 15, 2023
Use of credit cards in departmental stores on the rise
The use of credit cards in Bangladesh is increasing sharply, bolstered by growing spending on daily essentials at departmental stores amid higher inflation.
October 10, 2023
BSTI mark mandatory for 36 more products
The use of the Bangladesh Standards and Testing Institution’s (BSTI) standardisation mark has been made mandatory for 36 new products, including LPG cylinders, pressure cookers, microwave ovens and sweetmeats.
October 7, 2023
Capital base up for state-run banks, down for private lenders
The capital base of state-owned commercial banks rose while it fell for private lenders at the end of the fourth quarter of 2022-23, Bangladesh Bank data showed.
October 6, 2023
Private coal power plants to avail tax exemption till 2039
Although the country saw a huge year-on-year rise in the amount of foreign loans pledged from abroad in the first two months of the current fiscal year, their disbursements have slightly dropped, showed government data.
September 17, 2023
Female participation through agent banking rising
Bangladesh Bank data finds
September 16, 2023
Credit card use dips in July
Money spent through credit cards fell by 2.96 percent in July compared to the previous month, showed data from the Bangladesh Bank (BB).
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