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
September 14, 2023
Fire only left my misfortune: jewellery shop owner
"I couldn't get anything out of the shop. Some of the gold and silver that I had burned and melted. The fire took everything. What it left is just my misfortune," said Ashraf Uddin, the owner of a jewellery shop.
August 17, 2023
Universal Pension Scheme: All you need to know
The government rolled out the much-anticipated universal pension scheme today with an aim to bring all citizens aged above 18 under the coverage. Here are some of the key issues regarding the pension scheme.
July 7, 2023
IBBL, Agrani, Al-Arafah top remittance recipient banks in FY23
Islami Bank Bangladesh Ltd (IBBL) retained the top spot among the lenders bringing remittance to the country in the just-concluded fiscal year, data from the central bank showed.
June 28, 2023
Barishal home to highest portion of recipients
The percentages of households and people getting support from the government’s Social Security Programmes (SSP) in Barishal are the highest among the country’s eight divisions, according to the Household Income and Expenditure Survey (HIES) 2022.
June 27, 2023
Remittance rebounds
Remittance rebounded in Bangladesh in the outgoing financial year, extending some breathing space to an economy struggling to keep its head above water amid the lingering crisis at home and abroad.
June 26, 2023
Remittance hits 3-month high
Remittance flows to Bangladesh rose to a three-month high in June as expatriates sent home $1.79 billion in the first 23 days of the month to help their families celebrate Eid-ul-Azha.
June 21, 2023
Resilient Growth of Bangladesh’s Tiles Industry: A Promising Journey
The tiles industry in Bangladesh has emerged as a resilient and dynamic sector, demonstrating remarkable growth since its inception and successfully overcoming various challenges.
June 1, 2023
Tk 761,785 crore budget unveiled
The proposed budget will be 15.2 per cent of the Gross Domestic Product (GDP), according to the budget speech of the finance minister.
May 11, 2023
Grameen UNIQLO to wind up operations in Bangladesh
Grameen UNIQLO, a clothing brand, has said it is going to close all of its outlets in Bangladesh, more than a decade after it began its journey in the country.
April 15, 2023
‘I risked my life but couldn’t save anything from fire’
“I risked my life to enter my shop despite the fire but could not save anything,” said Md Babul, a seller of baby cloth items at the New Super Market.
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