The crisis of US dollar is intensifying in the inter–bank market that pushed the exchange rate of the greenback to Tk 81.30 on Thursday, sources at the inter-bank money market said. To overcome the crisis, the Bangladesh Bank (BB) initiated to tighten monitoring over the local kerb market as t...

A new call money market -- Islamic Interbank Fund Market (IIFM) -- will be introduced for the sharia-based banks in Bangladesh .Transactions will be based on profit instead of interest. Bangladesh Bank Governor Atiur Rahman yesterday approved the proposal for formation of the market. BB Exe...

Bangladesh Bank has increased the special repo rate by 1 percentage point in an effort to contain high inflation. The central bank hiked the rate to 10.25 percent on Tuesday from 9.25 percent before, a BB official said. The central bank usually increases the repo rate to contain inflation. ...

Yasmeen Haque, director of Mutual Trust Bank, inaugurates the 75th branch of the bank on Shah Mokdum Avenue in Dhaka recently. Anis A Khan, managing director, was also present.

Muklesur Rahman, deputy managing director of Eastern Bank, inaugurates the 59th branch of the bank in Rangpur town yesterday.

Wakar Hasan has recently been promoted as the deputy managing director of IFIC Bank, the bank said in a statement yesterday. Prior to the promotion, he was the senior executive vice president and head of the credit risk management division.

It is known to all that majority of our population live in the rural areas. Their primary source of earning is from crop production and other farming related activities. Thus, attainment of real and sustainable GDP growth of the national economy warrants developing a vibrant rural economy to ensu...

After years of sky-rocketing credit growth to finance development, Vietnam’s banking system is now weighed down by toxic loans that have forced the communist nation to launch tough reforms. The Southeast Asian country’s financial sector consists of about a hundred banks—either state-owned, privat...

Banks took a huge 489 billion euros at the European Central Bank’s first ever offering of three-year funding on Wednesday, raising hope a credit crunch can be avoided and that the money may be used to buy Italian and Spanish bonds. A total of 523 banks borrowed money at the tender with demand way...

Islami Bank Bangladesh Limited (IBBL) opened its 264th branch at Trishal in Mymensingh. Chairman of the bank’s Executive Committee Eskander Ali Khan formally inaugurated the branch recently, said a press release. Mayor of Trishal Municipality ABM Anisuzzaman and former director of the bank ...