Banking

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    Pre-Eid interbank lending thru REPO rises three-fold

    Staff Correspondent | Updated at 12:00am on June 02, 2019

    Banks’ borrowing through the inter-bank repurchase agreement increased more than three times in May this year ahead of Eid-ul-Fitr, one of the biggest religious festivals...

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    Dilwar elected Bank Asia audit committee chair

    Business Desk | Updated at 12:00am on June 01, 2019

    Dilwar H Choudhury has been elected chairman of Bank Asia’s audit committee recently, said a press release.He has a banking experience of long 35 years,...

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    Private sector credit growth hits 57-month low in April

    Staff Correspondent | Updated at 12:00am on June 01, 2019

    Private sector credit growth hit a 57-month low in April this year amid rising liquidity crisis in the country’s banking sector due to poor deposit...

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    Pound set for biggest monthly loss against euro in two years

    Reuters . London | Updated at 08:53pm on May 31, 2019

    The pound was on track for its biggest monthly loss against the euro in two years on Friday, also losing ground against the dollar as...

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    Banks asked to ensure business centres’ cyber security during Eid holidays

    Staff Correspondent | Updated at 12:00am on May 31, 2019

    Bangladesh Bank on Thursday asked all the scheduled banks to ensure cyber security of their respective business centres during the upcoming Eid-ul-Fitr holidays.Along with ensuring...

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    WB to help improve 4 large neighbourhoods in Dhaka

    United News of Bangladesh . Dhaka | Updated at 11:03pm on May 29, 2019

    The government of Bangladesh on Wednesday signed a $100.5 million financing agreement with the World Bank to improve liveability of four large neighbourhoods in Dhaka...

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    Top 3 borrowers’ default could lead bank sector to capital crisis

    Staff Correspondent | Updated at 12:00am on May 29, 2019

    Country’s banking sector would suffer from an intense capital inadequacy if three largest borrowers in the sector fail to repay loans, according to the financial...

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    Credit issuance to EPZ, EZ, HTP units eased

    Staff Correspondent | Updated at 12:00am on May 28, 2019

    Bangladesh Bank on Monday eased rules on loan sanction from banks’ offshore banking units for the entities located in the export processing zones, economic zones...

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    Habibur joins as UCBL DMD

    Business Desk | Updated at 12:00am on May 27, 2019

    Habibur Rahman has joined United Commercial Bank (UCB) as deputy managing director recently, said a press release.Prior to his joining UCB, he was senior executive...

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    BB limits banks’ investments in non-listed cos

    Staff Correspondent | Updated at 12:00am on May 27, 2019

    Bangladesh Bank on Sunday set the banks’ investment limit in non-listed securities at 5 per cent of the banks’ sum of paid up capital, share...

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