Islami Bank Bangladesh Limited won 1st prize among the participating banks in remittance fair on the occasion of International Migrants Day-2013.

Islami bank now under regulatory scanner after allegations of terrorist financing

Finance Minister AMA Muhith yesterday played down the US concerns about Grameen Bank, saying the government is doing nothing against the Noble winning microcredit organisation.

Two commercial banks have defaulted repayment of foreign loans against letters of credit (LCs), creating a cause of concern that Bangladesh’s credit rating might deteriorate as well as the LC confirmation cost would

Bangladesh Bank (BB) in a circular has ordered scheduled bank to maintain cash reserve requirement (CRR) and statutory liquidity ratio (SLR) separately from February 1, 2014.

The guideline will be ensuring safety and soundness of the proposed delivery channel to permit banks to be engaged in agent banking

Bangladesh Bank has re-fixed minimum period for term-deposits to financial institutions at three months. Previously, the minimum period for the deposits was six months. The re-fixing comes to prevent funding crisis in the financial institutions, said a Bangladesh Bank circular issued on Sunday.

Jamuna Bank plans to issue subordinated debt bonds worth Tk2bn to strengthen its capital base, which aligns with the regulatory requirement. Subordinated debt is a hybrid (debt and equity) financial instrument which is treated as a component of capital.

When many business houses in Bangladesh have a tendency not to repay bank loans on time, Standard Group stands out. And banks will continue supporting this trusted client. “The Group is a wonderful client. We are ready to support their business,” said Ehsan Khasru, managing director of Prime Bank.

BRAC Bank Limited recently distributed warm clothes to more than 26,000 poor people in the northern region of the country. Country’s northern region is hit hard by severe cold spell every winter. People of the area became highly happy for receiving warm clothes well ahead of the winter season. M...