The Banking Division has instructed the government-owned banks and financial institutions to remain cautious about the acquisition of bad loans as such practice has created fund problems in the public financial institutions. At a meeting with the Managing Directors and Chief Executive Officers...

The Annual Business Conference 2012 of United Commercial Bank Limited was held Wednesday at Radisson Water Garden Hotel in the city. Chairman of UCB and Chairman of Parliamentary Standing Committee on Ministry of Textiles and Jute Akhtaruzzaman Chowdhury, MP graced the event as the Chief Guest...

Rajshahi Krishi Unnayan Bank ( RAKUB) has disbursed Tk 502.92 crore as loan to boost rural economy as well as create employment through enhancing agricultural and non- agricultural production in the country’s north-western region during the first six months of this current 2011-12 fiscal.

Bangladesh Bank Governor Dr Atiur Rahman inaugurates bKash for GrameenPhone at a city hotel yesterday.

Prime Bank Limited has formed a strategic alliance with Uddipan, a micro finance institution (MFI), to channel remittance to the outlets of Uddipan in rural areas. Md Ehsan Khasru, managing director of Prime Bank and Md Emranul Huq Chowdhury, executive director and CEO of Uddipan signed the de...

Bangladesh's GDP (gross domestic product) growth will slow down in the current fiscal year and stand at 6 percent against the government's target at 7 percent, the World Bank forecast. The growth was 6.7 percent last fiscal year. A WB report -- Global Economic Prospectus: Uncertainties and ...

The World Bank warned developing countries on Wednesday to prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09. In a report sharply cutting its world economic growth expectations, the World Ba...

ONE Bank Limited signed an agreement with Bangladesh Bank (BB) under 'Investment Promotion and Financing Facility (IPFF)' at Bangladesh Bank’s head office recently. Under the deal, ONE Bank Limited will enjoy financing facility from the World Bank, administered by BB, for extending credit faci...

A three-day training course on ‘Regulations in Foreign Exchange and Foreign Trade’ for foreign exchange officers of National Bank Limited concluded in the city recently. A total of 30 foreign exchange desk officers from different branches of the bank attended the training course, said a press ...

Islami Bank Bangladesh Limited (IBBL) arranged its annual business development conference in the city yesterday. Mohammad Abdul Mannan, managing director of the bank, presided over the conference, said a press release. Dr AB Mirza Azizul Islam, former finance advisor of a caretaker governme...