The World Bank has extended its support by one year for the Central Bank Strengthening Project (CBSP) to December 2012. The project, which was scheduled to end on December 31, 2011, supports the overall strengthening of Bangladesh Bank, the World Bank said in a statement.

The National Board of Revenue (NBR) plans to introduce e-payment system by March to make income tax and other revenue payments easy and hassle-free. "We're hopeful of introducing the e-payment system from March this year. It will bring a revolutionary change in tax payment system as taxpayers ...

M Shahjahan Bhuiyan, the managing director of United Commercial Bank Limited (UCBL), has said that the bank has sustained growth in both profit and operation. This has been possible mainly because of the highest level of compliance of banking laws. Another healthy factor is “low level” of interf...

The state-run banks are becoming a lacklustre option for export financing despite the fact that they offer lower interest rates and have better access to funds, exporters say. Exporters nowadays are rather opting for private commercial banks, which provide fast and well-organised service, while ...

AB Bank Limited recently opened its 4th solar powered ATM booth at Sandwip, Chittagong. The ATM machine and all its components, the Uninterrupted Power Supply (UPS) equipment, two air conditioners, and other necessary system have been set up on the roof of the ATM site, said a press release.

NBL Money Transfer (Maldives) Pvt Ltd, a subsidiary exchange company of National Bank Limited, was inaugurated at Male, Maldives recently. Parveen Haque Sikder, chairperson of executive committee of board of directors of NBL attended the inaugural ceremony as the chief guest, said a press rele...

Asian Development Bank (ADB) has agreed to provide US$ 250million to Bangladesh for upgrading 110 kilometers of highway to four lanes from Joydevpur-Tangail-Hatikumrul. ADB country director Thevakumar Kandiah conveyed the news during a meeting with Communications Minister Obaidul Kader at his ...

The crisis of US dollar in the inter-bank market has taken the exchange rate of the greenback to all-time high at Taka 83.50 on Tuesday, market sources said. The rate of US dollar has increased by Tk 1.25 in a span of five days due to huge pressure on the local currency Taka, a senior official...

Md Ahsan-uz Zaman has recently been promoted as the additional managing director of Mutual Trust Bank, the bank said in a statement yesterday. Prior to the promotion, he was the deputy managing director of the bank. Zaman joined the bank in 2009.

As a part of corporate social responsibility programme, First Security Islami Bank Limited (FSIBL) has donated 3,000 blankets for cold hit distressed people of Panchagarh and Fulbari Upazila of Dinajpur. In this connection a programme was held on Monday at a local hotel where an ambulance was a...