Bangladesh's commercial banks following Shariah-based principles will continue their phenomenal growth as elsewhere in the world as the system deals with 'real economy and real commodity', the head of Islamic Development Bank (IDB) Group said. In Bangladesh, there are now seven Islamic banks that...

Islamic Development Bank has selected four nongovernmental organisations to implement the $130 million (more than Tk 900 crore) Fael Khair programme for victims of Cyclone Sidr, IDB President Ahmad Mohamed Ali said yesterday. The NGOs are: Islami Bank Foundation, Muslim Aid, Voluntary Organisatio...

Standard Chartered Bank and Intraco Group have signed an agreement through which the Credit Cardholders of the Bank will enjoy special InstaBuys at 0 per cent Interest offers at Intraco CNG Ltd and Intraco Renewable Energy Ltd says a press release. Under this agreement, Standard Chartered Credit ...

Jamuna Bank Limited has approved 22 per cent stock dividend in its 10th annual general meeting held on Bangabandhu Intemational Conference Centre, in the city recently. Md Belal Hossain, chairman of the bank presided over the meeting, says a press release. Besides, Nur Mohammed, chairman of Jamu...

The 25th annual general meeting (AGM) of Rupali Bank Limited was held at the Institution of Engineers in Dhaka recently. Dr. Ahmed Al-Kabir, chairman, board of directors of the bank presided over the meeting, says a press release. Apart from that M. Farid Uddin, managing director, and all memb...

Bangladesh Bank governor, Dr Atiur Rahman, on Tuesday urged the managements of banks engaged in Islamic banking in the country to remain alert against terrorism financing. "I would like to remind you all about the need of due alertness against aiding extremists and abetting terrorism," Dr Atiur t...

The Asian Development Bank (ADB) in its strategic country plan for Bangladesh pledged to provide U$$ 3.715 billion fund for 2011-14 to develop the country's weak infrastructure, power and energy sector and the capital market. The multilateral development agency planned to provide around $1.40 bil...

Premier Bank Limited focused more on the SMEs in recent years in a bid to help flourish the sector's growth. "We believe SMEs are emerging as a potential segment of the country's economy in the backdrop of the global economic crisis and collapse of renowned financial institutions have added new u...

The government Tuesday signed a US$140 million loan agreement with the Islamic Development Bank (IDB) to finance the Padma Multipurpose Bridge Project. Finance Minister A M A Muhith and visiting IDB President Dr Ahmad Mohamed Ali signed the deal at the Ministry of Finance (MoF).

The central bank has alerted mobile phone users about fake SMS that offers big financial rewards. Bangladesh Bank, in a circular issued on Monday, said it has been noticed that Grameenphone (GP) subscribers were receiving fake and fraud SMS (short message service) reading ““From: BngldshBank: