Dhaka, Dec 27: United Commercial Bank Limited (UCB) opened its 104th branch at Tejgaon, Dhaka on Monday. The Chairman of UCB M A Hashem inaugurated the new branch as the Chief Guest. Vice-Chairman of the bank Kazi Enamul Hoque and Director Qamrun Nahar were also present in the opening ceremony.

The board of directors of Islami Bank has decided to enhance authorised capital of the Bank from Tk 10.00 billion to Tk 20.00 billion subject to approval of shareholders in the Extra General Meeting (EGM).

IFC, a member of the World Bank Group, will work with the Bangladesh Bank Training Academy to train local bankers on managing credit risks and to encourage adoption of best practices.

Pubali Bank Limited has inaugurated its 393rd branch at Dania, Dhaka recently with online facilities. Chairman, board of directors of Pubali Bank Ltd Hafiz Ahmed Mazumder MP

The employees of the Bangladesh Bank (BB) can draw their salaries from the automated teller machine (ATM) booths of Dutch-Bangla Bank Limited (DBBL), replacing the old token system for salary drawing that led the officials to stand in long queues. BB Governor Dr Atiur Rahman formally inaugurated ...

The central bank has detected a case of sending a fake circular to different banks using the name of Bangladesh Bank. The central bank has alerted the banks to the fraud case. The fake circular “directed” the banks to take the subscription fees paid to international news agency Reuters by differe...

The booming shipbuilding industry may get a Tk 200 crore refinancing fund, as the Bangladesh Bank (BB) will review the scheme tomorrow at its board meeting. The central bank is keen to start funding the industry under the scheme, said an official of the central bank yesterday.

DHAKA, DEC 26: Chowdhury Mohammad Kayes Sami, former managing director of The Oriental Bank Limited, has been appointed as managing director (MD) of the newly founded bank Expatriate Welfare Bank (Probashi Kallayan Bank) on contract basis for two years. The establishment ministry issued a circul...

DHAKA, Dec 25: Bangladesh Bank (BB) will adopt a more flexible monetary policy next year to cope up with the increasing inflation, food prices and boost rural resources in both farm and non-farm sectors. The new monetary policy, scheduled for mid-January, will put the target for taming inflation,...

Rejaul Karim Byron The default loans recovery remains poor, despite drives from the central bank and state-owned banks. Bangladesh Bank data shows only 12 percent achievement of the Tk 388 crore bad debt recovery target from top 20 defaulters in 2010. During January-September, state commercial ...