Banking

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    New ADB president takes office

    Business Desk | Updated at 10:05pm on January 19, 2020

    Masatsugu Asakawa assumed office as the 10th president of the Asian Development Bank on Friday, said a press release. Asakawa succeeds Takehiko Nakao, who stepped...

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    Eight entities win 1st HSBC business excellence awards

    Business Desk | Updated at 10:03pm on January 19, 2020

    The Hongkong and Shanghai Banking Corporation in Bangladesh has recognised the contributions of eight business entities to the country’s economic growth by awarding them the...

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    Bangladesh Bank assures BMBA of stock market-friendly policies

    Staff Correspondent | Updated at 10:01pm on January 19, 2020

    Bangladesh Bank governor Fazle Kabir on Sunday assured a delegation of the Bangladesh Merchant Bankers’ Association of capital market supporting policies with a view to...

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    Bangladesh Bank targets rise in money supply in H2 to boost pvt sector, stocks

    Staff Correspondent | Updated at 09:54pm on January 19, 2020

    The Bangladesh Bank has revised its monetary policy for the second half of the fiscal year 2019-2020, raising the target of broad money supply by...

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    Govt borrows from banks at above 9pc, belies its rate stance

    HM Murtuza | Updated at 12:00am on January 19, 2020

    The government is borrowing funds from banks at more than 9 per cent interest rates against treasury bills and bonds, which contradicts its move to...

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    Govt’s bank borrowing exceeds entire FY’s target in six months

    HM Murtuza | Updated at 12:32am on January 18, 2020

    The government has exhausted its net borrowing target for the fiscal year of 2019-20 from the banking system in just six months (July-December) with the...

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    Obaidul joins Bank Asia as DMD

    Business Desk | Updated at 12:00am on January 17, 2020

    Md Obaidul Haque has recently joined Bank Asia as deputy managing director, said a press release. Prior to joining the bank, Obaidul was the senior...

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    Rashed becomes Standard Bank MD, CEO

    Business Desk | Updated at 12:00am on January 16, 2020

    Khondoker Rashed Maqsood has been appointed managing director and CEO of Standard Bank Limited, said a press release. Prior to joining SBL, he was the...

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    Sajjad becomes AB Bank AMD

    Business Desk | Updated at 12:00am on January 16, 2020

    Sajjad Hussain has recently been promoted as additional managing director (AMD) of AB Bank, said a press release. Sajjad joined the bank in 2014 as...

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    Lebanon banks in tatters after angry night-time demos

    Agence France-Presse . Beirut | Updated at 12:00am on January 16, 2020

    Cleaners in crisis-hit Beirut swept away shattered glass outside banks on Wednesday after angry nighttime protests over informal capital controls that left dozens of people...

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