The International Monetary Fund said Tuesday it had reached a deal with Egyptian authorities on a 22-month loan totalling some $4.8 billion to help the country overcome economic difficulties.

Unlike the cash-strapped state banks, private commercial banks are sitting on surplus funds to the tune of Tk 20,000-25,000 crore, which indicates a slower demand for loans in the market, according to banks.

The Industry, a financial weekly, awarded ‘Strong Rated Banks Award 2012’ to Al-Arafah Islami Bank Limited as per the international assessment method of capital, asset and management.

Islami Bank Bangladesh Limited organised business development conference for its officials of Khulna Zone in Jessore recently.

First Security Islami Bank Limited opened an ATM Booth at Bohaddarhat, Chittagong recently.

The government will include two ministries in the working committee on National Coordination on Anti-money Laundering to deal with money-laundering issues more efficiently.

A parliamentary watchdog Monday recommended to the central bank to issue proper guidelines for the loan disbursement and recovery in the state- owned commercial banks (SCBs) and specialised banks (SBs) to help save depositors' interest, said a release.

I was lecturing at a training session on `trade risk management'. For the sake of the training, we all had to contain our presentation and discussions with regard to risk associated with 'letters of credit, advising, negotiation, shipping document, bill of exchange, payment, bill of entry, pricin...

The Ministry of Finance (MoF) has agreed to a proposal of the International Monetary Fund (IMF) to give the Bangladesh Bank (BB) the authority to fire managing directors (MDs) of the state-owned banks (SoBs) -- both commercial and specialised ones -- found guilty of any wrongdoing.

Banks' exposure to the stockmarket is now well below the legal limit due to the downward trend of the market and a cautious policy adopted by the banks.