In a fresh move to discourage lavish house financing and import of luxury goods, Bangla-desh Bank on Sunday issued new loan guidelines for all commercial banks and financial institutions. Banking Rules and Policy Department (BRPD) of the central bank issued a circular in this regard and asked ...

Bangladesh Bank has directed the scheduled banks and financial institutes to follow the credit margin of ratio of 70:30 for all housing loans under the consumer financing service. The Banking Rules and Policy Department (BRPD) of the central bank made the directive yesterday through a circular.

The opportunity for opening letter of credits (LCs) for the businessmen of both Bangladesh and Myanmar has ushered in a new chapter in strengthening of trade relations between the two neighbouring countries, experts said. Although businesses had been taking place between the two countries sinc...

Three state-run commercial banks opened letters of credit worth US$336 million for Bangladesh Petroleum Corporation for importing fuel oils as of January 22 this year, officials said yesterday. A senior official of the central bank also said no banks have expressed unwillingness to open LCs fo...

Bangladesh Bank yesterday tightened loans to buy cars and homes in an effort to rein in credit to the unproductive sector. The BB has made car loans dearer by raising the buyer's portion to 70 percent from the previous 50 percent, according to a statement released yesterday. It means a would-b...

The 1st Managers’ Conference-2012 of Dutch-Bangla Bank Limited (DBBL) was held recently to review the bank’s last year’s performance and discuss the business plan for the year 2012. Branch managers from 111 branches attended the conference in the city recently with KS Tabrez, managing director...

National Bank Limited (NBL) held its ‘Executives and the Managers Annual Conference – 2012’ at Bangabandhu Intern-ational Conference Center (BICC) in the city recently. Zainul Haque Sikder, sponsor-director and chairman of the bank, inaugurated the conference as chief guest, says a press relea...

Al-Arafah Islami Bank Limited (AIBL) arranged a day-long workshop on ‘Islamic Money Market’ at the bank’s Training and Research Acadamy yesterday. SK Sur Chowdhury, executive director of Bangladesh Bank formally inaugurated the workshop as chief guest, said a press release.

The City Bank Limited and the International Finance Corporation (IFC) recently signed a deal to facilitate investment in the global spectrum of the bank. Under this arrangement, IFC will undertake necessary arrangement to enlist City Bank under its Global Trade Finance Programme and provide it...

Renowned economist Dr AB Mirza Azizul Islam on Saturday said rebuilding the banking sector based on ethics has emerged as a big challenge globally and emphasised avoidance of ‘unethical practice’ in the sector. “Many countries have faced economic disasters due to unethical activities by banks,” t...