Islami Bank Bangladesh Ltd (IBBL) has recently promoted its three officials to deputy managing director, the bank said in a statement yesterday. The three officials are: Muhammad Abul Bashar, head of information communication and technology division; Syed Abdullah Mohammed Saleh, head of corporat...

Non-resident Bangladeshis (NRB) should be the majority shareholders of the planned NRB Bank to attract more investment into the country, said an NRB living in the United Kingdom. Labour London Assembly Member Murad Qureshi said: “It goes without saying that if in practice it is to be an NRB Bank,...

Lending rates by banks are expected to come down by June-July once the import of capital goods and food grains cools down, said Bangladesh Bank Governor Atiur Rahman in New Delhi yesterday. Talking to a group of journalists, Dr Rahman made it clear that the banking regulator would not allow a hi...

The widely talked about Expatriate Bank is set to launch its operation from Wednesday with Taka 100 crore as paid up capital in a mission to finance intending migrant workers of the country and ensure safe transaction of their remittances. Prime Minister Sheikh Hasina is expected to inaugurate th...

Funds have become costlier as banks have hiked their lending rates overnight in the wake of a significant rise in deposit rates and the central bank's lifting of the lending rate cap on some sectors. Businessmen said a sudden hike in lending rates will have a negative impact on their businesses....

Bangladesh Bank (BB) on Sunday introduced Environment Risk Management (ERM) guidelines to assist the financial sector in assessing environmental risks before making credit decisions. The ERM guidelines were inaugurated by the central bank’s Governor Atiur Rahman. Atiur was chief guest at the se...

Islami Bank Bangladesh Limited (IBBL) has distributed Tk 3.10 billion in Cox’s Bazar and its adjoining areas to develop local economic sectors. Zobaer Azam Helali, assistant vice president and manager of the Cox’s Bazar branch of IBBL, disclosed it in a meeting at Cox’s Bazar press club on Friday.

The remittance flow is losing its momentum as the exchange rate of the dollar against the taka has gone up in the informal market, Bangladesh Bank said in a report.Among other causes of the diminishing flow, the report cited low interest rates in case of expatriates investing their money in vario...

The special credit programme of Rajshahi Krishi Unnayan Bank (RAKUB) for boosting fish production has started gaining popularity everywhere in the country’s northwest region for the last couple of years. The bank has been operating the special loan programme styled “RAKUB fisheries village” for e...

Eastern Bank Limited (EBL) with Grameenphone and GPIT Ltd have recently launched Express Card, an innovative cash solution for their employees working across the country.