BASIC Bank organised managers’ conference at Bangabandhu Interna tional Conference Centre (BICC) in the city recently. Sheikh Abdul Hye Bachchu, chairman of the bank, was present at the conference as chief guest. The day-long conference was presided over by Kazi Fakhrul Islam, managing dire...

The government has approved the proposal of borrowing $2 billion hard loan from Islamic Trade and Finance Cooperation (ITFC) for importing petroleum fuels, a senior official said. The hard-term loan committee of the government on Sunday approved the BPC proposal to borrow the loan from ITFC, a...

Normal banking business of primary dealers (PDs) is being seriously hampered due mainly to immense underwriting obligation relating to the government securities. "Our short-term and long-term business growth plans are being hampered seriously due to substantial growth of the government securit...

The annual business conference-2012 of Social Islami Bank Limited (SIBL) was held at the hotel The Cox Today in Cox’s Bazar on Friday. Md. Anisul Haque, chairman of SIBL was present as chief guest while managing director of the bank Muhammad Ali presided over the conference, said a press release.

Bangladesh Bank (BB) is working on introducing online Treasury Chalan Submission and Verification System in June this year. A senior BB official told BSS that they are implementing a central bank strengthening project with assistance from the World Bank (WB), under which an e-payment gateway w...

Bangladesh Bank Governor Dr. Atiur Rahman on Saturday urged the high officials of the central bank to lead the economy for the betterment of the country. He urged the senior officials of the central bank for attaining adequate communication skills so that they could disseminate complex economi...

Two-thirds of loans given to small and medium enterprises are used in trading, which analysts say is a threat to sustainable economic growth. Nearly Tk 25,000 crore or 65 percent of SME loans disbursed in January-September of 2011 went into trading, 29 percent into manufacturing and the rest i...

Bangladesh Bank (BB) has moved to take legal action against the persons and the institutions that are offering people illegal currency trading through internet and electronic trading portals. In a statement last week, the central bank advised people not to involve in this illegal business and ...

Sayem Ahmed, chairman, executive committee of the board of Dutch-Bangla Bank Limited (DBBL), inaugurated the ‘Dutch-Bangla Bank Bridge’ in Kurigram by unveiling a plaque on Friday. The bridge links road from Chatlakanda to Tura via Shoulmari Rowmari upazilla, will ease sufferings of the rural peo...

The country needs more banks since its active population and per capita income have doubled and many new industrial sectors emerged in the past couple of years, a top banker has said. “If new banks concentrate on providing services in the rural areas, they will not only cover the country’s unban...