The Asian Development Bank (ADB) is likely to provide concessional loan for capital market development in 2012 under its ‘Country Operations Business Plan for Bangladesh, 2011-2013’. “Such projects are in line with ADB’s long-term strategic framework (Strategy 2020), through which ADB commits to ...

Management efficiency, use of technology and reduction in bad loans helped banks minimise their operating costs in the past decade. Private and foreign commercial banks operating here were more efficient in managing their expenditure than the state-owned commercial and specialised banks, a centra...

Bangladesh Bank (BB) Governor Dr Atiur Rahman said the central bank would provide cooperation and support to the commercial banks if they ensured transparency and took step against irregularities in a bid to establish discipline in the banking sector. “We assure the banks of providing all-out sup...

The Institute of Chart-ered Accountants of Bangladesh (ICAB) awarded Eastern Bank Limited (EBL) has received for its annual report for the year 2009. EBL was awarded the second prize at the 10th ICAB National Awards for the best published accounts and reports which was held in the city recently, ...

Bank Asia opened its 49th branch at Jagannathpur, unamganj from on Thursday. Mohd Safwan Choud-hury, Vice Chairman of the bank inaugurated the branch. Erfanuddin Ahmed, president and managing director of the bank was present on the occasion, said a press release.

Speakers at a workshop said that the banking industry can not run its business without prudent risk management. They were speaking at a workshop on “Stress Testing, VaR and Basel II,” organised by City Bank at a hotel in the city recently.

Bangladesh Bank (BB) will take necessary steps to restore stability in the stock market. BB will take stock market friendly initiates on adjusting over exposure of banks and financial institutions as the call money market has already been stabilised through immediate steps taken by the central ba...

The central bank (Bangladesh Bank) has warned banks against awarding depositors any interest higher than the rate announced.

Banks will introduce an electronic fund transfer system on February 24 to speed up transactions and payment, the central bank said yesterday. The system will be introduced under the central bank's automated clearinghouse project.

Grameen Bank has been appointed by a Chittagong-based packaging company as their managing agent in a deal, dating back 20 years, giving the poor borrowers' bank a job having nothing to do with its core business. Muhammad Yunus signed the deal for Grameen Bank, granting the microlending entity all...