Credit card spending rose 14% in September
Credit card transactions within Bangladesh in September rose 14.42 percent to Tk 2,668 crore compared to that in August.
2d ago
Govt to devise plan to retrieve Tk 873cr climate fund from Padma Bank
The interim government is going to formulate a specific roadmap to recover funds of the Bangladesh Climate Change Trust (BCCT), amounting to Tk 873.82 crore, that have been held up in Padma Bank since 2016.
1w ago
A third of NBFIs hold over 73% of bad loans
Twelve non-bank financial institutions (NBFIs) out of a total 35 are holding nearly 73.5 percent of the sector’s bad loans, according to Bangladesh Bank data, reflecting a precarious situation at those entities.
1w ago
IMF team due in Dec to review fourth tranche of $4.7b loan
The International Monetary Fund (IMF) is sending a team within the first week of December to review whether Bangladesh qualifies for the fourth tranche of a $4.7 billion loan programme.
2w ago
Trust distinguishes MTB from other banks
In the competitive local banking landscape, Mutual Trust Bank PLC (MTB) differentiates itself by offering trust to its customers, says Syed Mahbubur Rahman, managing director and chief executive officer (CEO) of the bank.
3w ago
Bangladesh Bank expands inflation battle with rate hike
The central bank raised the key policy rate by 50 basis points to 10 percent yesterday, making borrowing costlier for the 11th consecutive time to tame inflation as spiralling prices remain a headache for the interim government.
3w ago
Cash outside banks keeps rising
The volume of cash outside the banking sector of Bangladesh has been increasing since the start of the year due to persistent inflation, the loss of consumer confidence in the sector due to the presence of ailing lenders, and the prevailing situation following the recent political changeover.
1m ago
Amid liquidity crunch, banks offer high rates to lure depositors
Amid a persistent liquidity crunch, some lenders are desperately trying to increase their deposit base by offering higher interest rates to attract customers.
1m ago
November 15, 2024
Credit card spending rose 14% in September
Credit card transactions within Bangladesh in September rose 14.42 percent to Tk 2,668 crore compared to that in August.
November 7, 2024
Govt to devise plan to retrieve Tk 873cr climate fund from Padma Bank
The interim government is going to formulate a specific roadmap to recover funds of the Bangladesh Climate Change Trust (BCCT), amounting to Tk 873.82 crore, that have been held up in Padma Bank since 2016.
November 6, 2024
A third of NBFIs hold over 73% of bad loans
Twelve non-bank financial institutions (NBFIs) out of a total 35 are holding nearly 73.5 percent of the sector’s bad loans, according to Bangladesh Bank data, reflecting a precarious situation at those entities.
October 28, 2024
IMF team due in Dec to review fourth tranche of $4.7b loan
The International Monetary Fund (IMF) is sending a team within the first week of December to review whether Bangladesh qualifies for the fourth tranche of a $4.7 billion loan programme.
October 24, 2024
Trust distinguishes MTB from other banks
In the competitive local banking landscape, Mutual Trust Bank PLC (MTB) differentiates itself by offering trust to its customers, says Syed Mahbubur Rahman, managing director and chief executive officer (CEO) of the bank.
October 23, 2024
Bangladesh Bank expands inflation battle with rate hike
The central bank raised the key policy rate by 50 basis points to 10 percent yesterday, making borrowing costlier for the 11th consecutive time to tame inflation as spiralling prices remain a headache for the interim government.
October 17, 2024
Cash outside banks keeps rising
The volume of cash outside the banking sector of Bangladesh has been increasing since the start of the year due to persistent inflation, the loss of consumer confidence in the sector due to the presence of ailing lenders, and the prevailing situation following the recent political changeover.
October 15, 2024
Amid liquidity crunch, banks offer high rates to lure depositors
Amid a persistent liquidity crunch, some lenders are desperately trying to increase their deposit base by offering higher interest rates to attract customers.
October 13, 2024
Inward remittance through MFS hits 5-year high in August
Bangladesh’s migrant workers sent home Tk 1,101.8 crore in remittances through mobile financial service (MFS) providers in August, marking the highest monthly receipts through digital channels in the past five years.
October 11, 2024
Card transactions hit 27-month low in August
Transactions through debit, credit and prepaid cards dipped to a 27-month low in August this year, owing to a lack of cash in ATM booths amidst security concerns and people curtailing spending for political uncertainties..Overall transactions through the cards in August amounted to Tk 33,9
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