After around 20 years of legal battle, the finance ministry and Eastern Bank Limited (EBL) are going to pay back Tk 614 million to the Saudi Bangladesh Industrial and Agricultural Investment Company (Sabinco).

Introduction by Dr Atiur Rahman The Bangladesh story is a well kept secret. Most of all, it is a story of entrepreneurship. In the early 1970s, there was very little expectation that we would become such a big exporter, or that, in effect, every Bangladeshi would become an entrepreneur. In fact,...

Kazi Towhidul Alam joined Al-Arafah Islami Bank as deputy managing director on Saturday, the bank said in a statement yesterday.

A move is underway to bring operations of subsidiaries of banks and illegal banking activities in the name of cooperative societies under the strict surveillance of the Bangladesh Bank (BB) to ensure discipline in the financial sector, a top central bank official said.

A senior official of the HSBC Holdings PLC's Bangladesh operations said on Tuesday that the bank was not exiting any markets in Asia, denying a report from the Financial Times that it was planning to sell or close retail operations in Bangladesh and several other weaker Asian countries.

In a recent article published in The Daily Star (Safeguarding citizen's money, published on August 18, 2011), I provided a fairly detailed review of the pros and cons for the licensing of new banks.

Bank Asia has opened its 62nd branch at Lal Dighirpar in Sylhet recently. Anisur Rahman Sinha, former Chairman of the bank formally inaugurated the branch, said a press release.

Food and Disaster Management Minister Abdur Razzak said the government should not cancel the World Bank’s finance for construction of much-talked-about Padma Bridge.

Xiaoyu Zhao, Vice President (operations one) of the Asian Development Bank (ADB) arrives in Dhaka today on a two-day official visit.

The government has constituted a two-step loan fund for the development of the Small and Medium Enterprises (SME) under the central bank’s ‘Financial Sector Project for the development of Small and Medium Sized Enterprises’.