Bangladesh Bank (BB)
Custodian to manage Beximco assets
The Bangladesh Bank (BB) took three major decisions yesterday, including the appointment of a custodian, officially termed as a receiver, at troubled Beximco Group in order to prevent its fall and protect the interests of investors, employees and lenders.
Islamic banking to be off limits to regular banks
A bank will not be able to do Islamic banking business along with conventional banking at the same time, according to the draft ‘Islami Bank Company Act-2024’, as the central bank looks to level the playing field for Shariah-based banks.
Banks get higher target for lending to green, sustainable ventures
Bangladesh Bank has revised the lending target for green and sustainable ventures as banks in the country recently achieved the previous benchmark in this regard..As such, banks will have to disburse more loans for green and sustainable initiatives from next year as Bangladesh aims to redu
BB to hike policy rate in two phases to fight inflation
The Bangladesh Bank will increase the policy rate twice and interest rate once by October to tame double-digit inflation, central bank Governor Ahsan H Mansur said at a press briefing yesterday.
Five crisis-hit banks secure BB guarantee for liquidity
Five crisis-hit banks have obtained a Bangladesh Bank (BB) guarantee to avail liquidity support from the inter-bank money market, according to central bank officials.
Three banks seek BB guarantee for Tk 6,800cr liquidity support
National Bank, Islami Bank Bangladesh and Social Islami Bank have applied to the Bangladesh Bank (BB) for its guarantee to avail a total of Tk 6,800 crore in liquidity support through the inter-bank money market for a period of three months.
Arif Quadri resigns as UCB managing director
Arif Quadri, managing director and CEO of United Commercial Bank (UCB), formally resigned from his post today. He had been absent from office ever since the Sheikh Hasina-led Awami League government was ousted by a mass uprising on August 5
Can we change the story of our ailing banks?
Restoring trust in the banking sector is crucially important
Central bank not blocking any business accounts: Governor
BB is not blocking or interfering with the accounts of any businesses, regardless of their political affiliations, said BB Governor Ahsan H Mansur
Custodian to manage Beximco assets
The Bangladesh Bank (BB) took three major decisions yesterday, including the appointment of a custodian, officially termed as a receiver, at troubled Beximco Group in order to prevent its fall and protect the interests of investors, employees and lenders.
Islamic banking to be off limits to regular banks
A bank will not be able to do Islamic banking business along with conventional banking at the same time, according to the draft ‘Islami Bank Company Act-2024’, as the central bank looks to level the playing field for Shariah-based banks.
Banks get higher target for lending to green, sustainable ventures
Bangladesh Bank has revised the lending target for green and sustainable ventures as banks in the country recently achieved the previous benchmark in this regard..As such, banks will have to disburse more loans for green and sustainable initiatives from next year as Bangladesh aims to redu
BB to hike policy rate in two phases to fight inflation
The Bangladesh Bank will increase the policy rate twice and interest rate once by October to tame double-digit inflation, central bank Governor Ahsan H Mansur said at a press briefing yesterday.
Five crisis-hit banks secure BB guarantee for liquidity
Five crisis-hit banks have obtained a Bangladesh Bank (BB) guarantee to avail liquidity support from the inter-bank money market, according to central bank officials.
Three banks seek BB guarantee for Tk 6,800cr liquidity support
National Bank, Islami Bank Bangladesh and Social Islami Bank have applied to the Bangladesh Bank (BB) for its guarantee to avail a total of Tk 6,800 crore in liquidity support through the inter-bank money market for a period of three months.
Arif Quadri resigns as UCB managing director
Arif Quadri, managing director and CEO of United Commercial Bank (UCB), formally resigned from his post today. He had been absent from office ever since the Sheikh Hasina-led Awami League government was ousted by a mass uprising on August 5
Can we change the story of our ailing banks?
Restoring trust in the banking sector is crucially important
Central bank not blocking any business accounts: Governor
BB is not blocking or interfering with the accounts of any businesses, regardless of their political affiliations, said BB Governor Ahsan H Mansur
Interest rate spread rises to highest level since 2003
The spread between interest rates on deposits and loans rose to 6.03 percent, the highest in two decades, indicating that banks are making money at the expense of depositors and borrowers.