Banking

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    FY20 remittance hits record $18.2b, reserve crosses $36b

    HM Murtuza | Updated at 10:41pm on July 02, 2020

    The country’s remittance earnings hit record $18.21 billion in the just concluded fiscal year 2019-20 with the country’s foreign exchange reserve exceeding the $36 billion-mark...

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    NRB Bank, Trans-Fast sign deal on remittance disbursement

    | Updated at 10:52pm on July 01, 2020

    NRB Bank Limited signed an agreement with Trans-Fast Remittance LLC for disbursing foreign remittance throughout the country, said a press release. NRB Bank managing director...

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    Community Bank’s 15th board meeting held

    | Updated at 10:51pm on July 01, 2020

    The 15th board meeting of Community Bank Bangladesh was held at the Police Headquarters in Dhaka on Tuesday, said a press release. The meeting was...

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    Tariqul joins SBAC Bank as MD, CEO

    Business Desk | Updated at 10:46pm on July 01, 2020

    Tariqul Islam Chowdhury has been appointed the managing director and chief executive officer of South Bangla Agriculture and Commerce Bank, said a press release...

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    BB allows exports under open account credit terms with guarantee

    Staff Correspondent | Updated at 10:45pm on July 01, 2020

    The Bangladesh Bank has allowed exports on sales contracts under open account credit terms with external payment guarantee. On Tuesday, the central bank issued a...

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    COVID-19, rate cut hit banks’ H1 operating profits

    HM Murtuza | Updated at 10:34pm on July 01, 2020

    Most of the banks witnessed a fall in operating profits in the first half of 2020 due mainly to the implementation of the single-digit lending...

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    SBAC Bank declares 10pc stock dividend

    | Updated at 11:21pm on June 30, 2020

    The board of directors of South Bangla Agriculture and Commerce (SBAC) Bank Limited has recommended 10 per cent stock dividend for the shareholders for the...

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    NSC sales turn negative Tk 621cr in Apr amid shutdown

    Staff Correspondent | Updated at 10:54pm on June 30, 2020

    The net sales of national savings certificates turned negative in April this year amid the outbreak of coronavirus in the country and subsequent imposition of...

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    Loan default by top 3 borrowers to affect 20 banks

    Staff Correspondent | Updated at 10:47pm on June 30, 2020

    Defaults on loans by top three large borrowers of the banks would result in failure of 20 banks in maintaining minimum capital adequacy, according to...

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    AIBL recommends 13pc cash dividend for 2019

    | Updated at 11:31pm on June 29, 2020

    Al-Arafah Islami Bank Limited has recommended 13 per cent cash dividend for the year ended on 31st December 2019 subject to the approval of the...

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