The government's hefty borrowing from banks and a poor flow of foreign aid have emerged as a double setback to the economy. “If the government continues to spend without getting foreign aid, the situation may worsen further,” a senior Bangladesh Bank (BB) official told The Daily Star yesterday.

Bangladesh Bank will announce its monetary policy today for the second half of the current fiscal year with a further tightening approach. A high official of the central bank said the main target of the policy will be to achieve the targeted GDP (gross domestic product) growth and contain high...

The government’s borrowing from the banking system declined slightly, according to the central bank statistics. Bangladesh Bank (BB) data show government’s borrowing came down to Tk. 15,664.25 crore, as of January 22, from Tk. 18,000 crore on January 4. The budgetary target of borrowing from ban...

The 1st Managers’ Conference – 2012 of Dutch-Bangla Bank Limited (DBBL) was held recently to review bank’s performance for the year 2011 and to discuss the business plan for the year 2012.

Social Islami Bank Limited (SIBL) launched a new campaign - “United we stand” to uphold the image and popularity of the bank through united and coordinated efforts of its employees.

Citibank, NA, Bangl- adesh recently donated 1200 blankets to the Bangladesh Red Crescent Society (BDRCS) for distributing to cold-hit people. The blankets will be distributed among the cold heated people of the northern and north-western region part of our country, said a press release.

Islami Bank Bangladesh Limited (IBBL) recently organised a clients’ gathering at Mohammad Younus Auditorium of Islami Bank Tower in the city. The function was arranged as part of the bank’s “100 days of Building Bridge” programme aims at ensuring banking service for all the people of the count...

The newly appointed Deputy Governors of the Bangladesh Bank (BB) took over their charges on Tuesday. BB Governor Dr Atiur Rahman, its Deputy Gover-nors and senior Consultants sat in a meeting in the morning where the Governor greeted the new DGs and also shared several relevant issues with them.

Md Abdul Haque and Mohammad Naushad Ali Chowdhury, general managers of Bangladesh Bank, were promoted to Executive Directors. The central bank on Monday announced the promotion. Md Abdul Haque joined the central bank as Assistant Director in July 1981. After joining he worked in many departmen...

Md Abdul Haque and Mohammad Naushad Ali Chowdhury, general managers of Bangladesh Bank, were promoted to Executive Directors. The central bank on Monday announced the promotion. Md Abdul Haque joined the central bank as Assistant Director in July 1981. After joining he worked in many departmen...