Bangladesh Bank yesterday withdrew the 13 percent lending cap except on agricultural and industrial term loans. The International Monetary Fund (IMF) and the owners of private banks had long been putting pressure on the government to lift the cap.

Citibank has recently promoted Rashed Maqsood to managing director and Citi country officer for Bangladesh, the bank said in a statement yesterday. Prior to the promotion, he assumed the position of country business manager of the bank in December 2010. He was the head of global transaction servi...

The central bank has sought applications from interested NRB entrepreneurs for setting up the country’s first NRB bank, officials said Tuesday. May 31 has been set as the deadline for submitting applications from eligible and qualified non-resident Bangladeshis (NRBs).

The state-owned banks have so far achieved 46.54 percent target of disbursing special agriculture credit at 2 per cent interest rate in the current fiscal year, although only four months to go. Up to the month of February this year, total disbursement of agriculture loan under a Bangladesh Bank ...

The Ministry of Finance on Monday issued a circular to all commercial banks for preparing the bank statements of all candidates participating at the next union parishad elections starting from March 29 next. The banks have been asked to send the bank statements of the individuals to restrict loan...

Pubali Bank Limited (PBL) sponsored an art competition for the children organised by Potua Kamrul Hasan Art School at the National Museum recently. The competition titled “Pubali Bank Ekushey Children Art Competition” was arranged on the occasion of the international mother language day, said a p...

NCC Bank Training Institute arranged a month-long foundation training course for the officers of NCC Bank. Golam Hafiz Ahmed, additional managing director of the bank inaugurated the course as chief guest at the training institute of the bank in the city recently, said a press release. Depu...

Square Informatix, a leading VSAT firm that provides data communication and internet services allover the country has come to an agreement with Al-Arafah Islami Bank to serve their online banking connectivity requirements.

More than 64 crore people in the world benefitted from microloans in 2009, an all-time high, according to a report released by the Microcredit Summit Campaign yesterday. The loans to about 13 crore poorest families -- five persons per family on average -- positively affected some 64.1 crore pe...

Bangladesh Bank will pump dollars into the state-owned commercial banks to assist country’s foreign trades in opening letter of credits (LC), BB sources said. BB took the decision in a bid to address the prevailing dollar crisis that is hindering country’s export and import business. There is an ...