Default loans continued to rise in the second quarter -- by Tk 643 crore or 2.66 percent -- due to sluggish activities in the industrial sector and unhealthy competition among some private banks. On June 30, banks recorded default loans of Tk 24,384 crore of their outstanding loans, up from Tk 2...

Janata Bank chief executive officer and managing director SM Aminur Rahman visited Bangladesh Leather Service Centre (BLSC) project at Paiti in Demra in the city recently. BLSC, a sister concern of Bangladesh Leather Sector Business Promotion Council (LSBPC), produces and exports high quality sh...

Bangladesh Bank (BB) will gradually circulate 395 crore new notes of different denominations with the portrait of Bangabandhu Sheikh Mujibur Rahman. It will also issue 60 crore such new coins of Tk 5 denomination.

A daylong workshop on “collection and distribution of foreign remittance and increase of remittance business” was held in the Pubali Bank head office, organised by its Information Technology Division recently, says a press release. Managing director of Pubali Bank Helal Ahmed Chowdhury was presen...

Eastern Bank Limited (EBL) has recently opened its 50th branch at the Chittagong Export Processing Zone (CEPZ). Customers of the bank will avail a wide range of banking services at the branch as it is equipped with ultra-modern baking facilities, said a press release.

Dutch-Bangla Bank Limited (DBBL) has opened its 101st branch at Ambarkhana in Sylhet recently. Customers of the bank will avail most up-to-date online banking facilities at the branch like other branch network of the bank, said a press release.

City Bank has declared 30 per cent stock dividend for its share holders for the year 2010. The board of directors of the bank approved the dividends at its 28th Annual General Meeting (AGM) at Bashundhara Convention Center in the

National Bank Limited (NBL) has arranged a five-week training programme for its newly recruited officers in the city. Neaz Ahmed, Ma- naging director and chief executive officer of the bank, formally inaugurated the training programme titled ‘Foundation Course for Probationary Officers’ at the ba...

The credit-deposit ratio (CDR) of commercial banks came down to a safe limit in June, as the surplus inter-bank deposits were included in total deposits. The banks increased deposits and reduced credit, trimming the CDR further, said an official of the Bangladesh Bank.

Dhaka Bank Limited recently signed a participation agreement with Bangladesh Bank under refinance scheme for setting up agro-processing rural industries in the country.