Banking

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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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    UCB steps into 37th year

    | Updated at 11:27pm on June 29, 2020

    United Commercial Bank stepped into its 37th year on June 29, 2020, said a press release. Incepted in 1983, UCB is one of the progressive...

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    BRAC Bank retains Moody’s Ba3 rating

    Business Desk | Updated at 11:16pm on June 29, 2020

    BRAC Bank has once again achieved the Ba3 rating, the highest for any Bangladeshi bank, rated by Moody’s Investor Service, said a press release. This...

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    Mercantile Bank launches Islamic banking services

    Business Desk | Updated at 11:15pm on June 29, 2020

    Mercantile Bank has launched a Shariah based Islamic banking service called TAQWA, said a press release. The bank’s chairman, Morshed Alam MP, inaugurated the...

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    NRBC Bank removes Shahid from board

    Staff Correspondent | Updated at 11:10pm on June 29, 2020

    NRB Commercial Bank has removed its vice-chairman Shahid Islam MP, now detained in Kuwait on charge of money laundering, from the bank’s board. The board...

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    MFS transactions dip 27pc in April on pandemic

    Staff Correspondent | Updated at 11:08pm on June 29, 2020

    Money transactions through mobile financial services dropped by 27 per cent in April compared with that of the previous month mainly due to the imposition...

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    Only two banks apply for loan in two months of launch

    Staff Correspondent | Updated at 10:44pm on June 29, 2020

    The Bangladesh Bank has received only two applications for the low-cost refinance loan in two months of the formation of Tk 25,000-crore funds to support implementation...

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    NRBC Bank’s 100th board meeting held

    | Updated at 11:02pm on June 28, 2020

    NRB Commercial Bank held its 100th board of directors meeting on Saturday, said a press release. Marking the occasion of its 100th board meeting, a...

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