Banking

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    Barclays bank rebounds into quarterly net profit

    | Updated at 10:51pm on October 23, 2020

    Barclays said on Friday that it rebounded into profit in the third quarter after a vast mis-selling charge a year earlier, but cautioned over the...

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    Mohsin elected NCC Bank chair, Bashar vice-chair

    Business Desk | Updated at 10:45pm on October 23, 2020

    The board of directors of NCC Bank has recently elected SM Abu Mohsin as chairman and Md Abul Bashar as vice-chairman of the Bank. SM...

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    Akramul Haq elected PLFL chair, Nargis vice-chair

    Business Desk | Updated at 10:43pm on October 23, 2020

    AZM Akramul Haq has been elected chairman and Nargis Anwar vice-chairperson of Premier Leasing & Finance Limited at the company’s board of directors meeting held...

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    Bankers stress need for training to promote ‘open account’

    Staff Correspondent | Updated at 10:34pm on October 23, 2020

    Bankers on Friday at a webinar underlined the need for conducting training and other awareness programmes to promote ‘open account’ meant for boosting exports. The...

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    Call money rate drops below 3pc

    HM Murtuza | Updated at 10:28pm on October 23, 2020

    The weighted average call money rate in the country’s banking system has remained below 3 per cent for the last one-and-a-half months mainly due to...

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    MFS interoperability service to launch from October 27

    Staff Correspondent | Updated at 10:04am on October 23, 2020

    Bangladesh Bank on Thursday announced the launching of the much-awaited interoperability service for the mobile finance services on October 27 comprising of four MFS operators...

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    IFC gives $35m loan to Prime Bank to help COVID-hit cos

    Business Desk | Updated at 11:06pm on October 22, 2020

    The International Finance Corporation will provide $35 million in loan to Prime Bank Ltd to support small and medium enterprises and companies affected by the...

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    Farm credit posts 32pc growth in Q1, lags behind target 

    Staff Correspondent | Updated at 11:01pm on October 22, 2020

    Farm loan disbursement by banks increased by 31.78 per cent or Tk 1,129.63 crore in the first quarter of the current fiscal year 2020-2021 compared...

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    Interoperability  goes live Oct 27

    HM Murtuza | Updated at 11:00pm on October 22, 2020

    The Bangladesh Bank on Thursday announced that the much-awaited interoperability service for the mobile financial service would be launched on October 27 involving four MFS...

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    MTB’s banking transactions to remain suspended for 6 days

    Staff Correspondent | Updated at 08:15pm on October 22, 2020

    The Bangladesh Bank has allowed Mutual Trust Bank to suspend all of its banking activities for six days to upgrade its core banking system. The...

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