Social Islami Bank Ltd (SIBL) has launched five new deposit schemes for women and old age people recently. The schemes are: Subranalata, Subarnare- kha, Sobuj Chaya, Sobuj Sayanha and Sonchita.

 Credit exposure to small- and medium-enterprises (SMEs) has created about five-lakh fresh jobs in the country, during January 2010 to March 2011. However, the number of female entrepreneurs and employment for women are much less than men.

Bangladesh entered into the ear of mobile-banking yesterday when Dutch-Bangla Bank Ltd (DBBL) introduced the service for the first time in the country with the support of mobile phone operators Banglalink and Citycell. The aim of the service is to bring more people under the umbrella of banking s...

Officials of NCC Bank Securities and Financial Services Ltd attended at the three day long Bangladesh Capitat Market Fair held in London recently. A total of 23 Bangladeshi merchant bankers and stock brokers attended the fair organised by Curry Life events, said a press release.

AB Bank entered into an agency agreement with MoneyGram, one of the leading money transfer companies from USA having branches all over the world. Under the deal, effective from March 30, will foster inflow of foreign remittance from the Bangladeshi expatriates and migrant workers from all parts ...

The other day an esteemed client and a leading businessman asked me -- how far will the dollar go against the taka? For him, the import cost is going up. Added to this is dollar liquidity shortfall in the market, thereby impacting timely settlement of import liabilities.

Bank Asia declared 40 percent stock dividend for the year 2010 at the 12th annual general meeting held at Officers’ Club in the city yesterday. In the 7th extra ordinary general meeting (EGM) the bank proposed to issue 25 percent right shares, which will later be approved subject to the consent o...

The Islami Bank Limited yesterday celebrated its 28th founding anniversary with elaborate programmes at its branches across the country. To mark the day, a function was organised at Mohammad Younus Auditorium of Islami Bank Tower in the city.

A number of international microfinance organisations and civil society groups in Italy, Peru, Philippines and Pakistan have issued statements expressing support in solidarity with Prof Muhammad Yunus and Grameen Bank. Mario Baccini MP, President of the Italian Committee for Microcredit, Prof Luis...

Bangladesh Bank Governor Dr Atiur Rahman has called upon the government to allocate more funds in the national budget for making the local government more functional.The BB governor said the formation and implementation of ‘Democratic Decentralisation Policy’ is essential to establish a self-admi...