A two-day ‘Indian Ocean/South Asia Mobile Payments and Banking Summit 2012’ will begin in Colombo on January 31, aiming to address the challenges, strategies and regulatory frameworks to step up mobile payments infrastructure in South Asia. The upcoming summit will tackle the unique prospects and...

The judge-in-chamber of the appellate division Thursday issued an order for re-instating 11 directors of Social Islami Bank Ltd. in their posts. The High Court earlier Monday restricted functions of the SIBL directors for allegedly holding the offices for 16 years defying the law.

Country’s public and private sector banks and non-bank financial institutes have received a total of US $ 249.83 million as remittance in the first week of the current month of January. Among the private sector commercial banks, Islami Bank Bangladesh Ltd (IBBL) has received the highest amount...

Bangladesh Bank (BB) yesterday for the first time released data on interest-rate spread to increase competition among banks and help consumers get services at a lower cost. The interest-rate spread is the difference between lending and deposit rates. An increase in the spread means the banks g...

Thevakumar Kandiah, country director of the Asian Development Bank, retired from ADB services yesterday. Kandiah had a 35-year professional career in development banking, including more than 28 years at the ADB focusing on transport and energy infrastructure development, financing and implemen...

One Bank Limited signed a master facility agreement under Investment Promotion and Financing Facility (IPFF) with Bangladesh Bank (BB) at BB’s head office on Wednesday, says a press release. Farman R Chowdhury, managing director of One Bank, and S K Sur Chowdhury, executive director of Bangladesh...

Big Wall Street and European banks are looking to slash budgets across Asia, as the emerging market promise is trumped by an urgent need to control costs. From taxi and air fares and year-end parties to entire operational divisions and new country offices, little is sacred. The age of headquarte...

As part of its Corporate Social Responsibility, Islami Bank Bangladesh Ltd. (IBBL) has donated Tk 30 lakh to the Committee of Action for Research, Extension and Services (CARES) for development of education and research. IBBL chairman Prof Abu Nasser Mohammad Abduz Zaher handed over the cheque fo...

Finance Minister AMA Muhith Wednesday said he was optimistic about a favourable decision coming from the World Bank (WB) on the release of its committed fund for the Padma Bridge at the end of the current month. The decision of WB in disbursing the pledged fund is now pending with its Presiden...

First Security Islami Bank Limited (FSIBL) signed a remittance agreement with SuperX10 Global Money, Australia at the bank’s head office recently, says a press release. Foiz Ahmed, senior vice-president and head of international division, FSIBL and Dr Rashid Raashed, managing director of SuperX10...