3h ago| Banks

Loan write-offs decline as banks lose strength

Loans written off by banks in Bangladesh nosedived as lenders’ ability to keep 100 per cent provisioning against delinquent assets has squeezed amid business slowdown caused by the coronavirus...

1d ago| Banking

Selim RF Hussain to lead Brac Bank for 5 more years

Selim RF Hussain, current managing director and chief executive officer of Brac Bank, has had his contract extended by around five more years till March 2026.

2d ago| Banks

Poor recovery from default loans new headache for banks

The recovery from default loans has failed to keep pace with escalating delinquent assets in Bangladesh, hitting banks’ income and cash flow.

1w ago| Banks

NBFIs seek deferral of BB rules seeking to restore discipline

Non-bank financial institutions have demanded postponement of the application of a Bangladesh Bank guideline that is seeking to restore credit discipline in the fragile sector.

1w ago| Banks

Credit card spending keeps growing as virus recedes

Spending through credit cards maintained an upward trend in September as people kept flocking to online sites in the tourism and hospitality sector as the coronavirus crisis continues to wane.

1w ago| Banks

New law lists bankers’ digital books as legal evidence

Parliament yesterday passed the Bankers’ Book Evidence Bill 2021, defining digitally recorded documents used in the ordinary business of banks as legal evidence admissible in court.

November 30, 2021
November 30, 2021

Md Masud Biswas, new head of BFIU

Bangladesh Bank Executive Director Md Masud Biswas has been appointed as the head of the Bangladesh Financial Intelligence Unit (BFIU) in status of deputy governor on a contractual basis.

November 29, 2021
November 29, 2021

11 banks weighed down by Tk 27,918cr capital shortfall

Eleven banks faced a capital shortfall of Tk 27,918 crore in September, which exposed their fragile health.

November 28, 2021
November 28, 2021

LankaBangla Finance gets $21m foreign loans

LankaBangla Finance has recently received $21 million in foreign currency loans from two companies with prior approval from Bangladesh Bank. 

November 28, 2021
November 28, 2021

Prime Bank wins bronze at Efma-Accenture Banking Innovation Awards 2021

Prime Bank has won a bronze at an Efma-Accenture Banking Innovation Awards 2021 in an analytics and artificial intelligence category.  

November 28, 2021
November 28, 2021

New Covid scare sparks rate rethink in markets

Risks of a new Covid hit to economic activity are clobbering expectations for rate hikes next year from the world’s major central banks, a potential setback for the dollar and other currencies...

November 28, 2021
November 28, 2021

Responsible banking: new dimension of green banking

With the culmination of climate change and its adverse impact, we are all concerned about our habitat, economy, life-style and future generation.

November 28, 2021
November 28, 2021

New law lists bankers’ digital books as legal evidence

Parliament yesterday passed the Bankers’ Book Evidence Bill 2021, defining digitally recorded documents used in the ordinary business of banks as legal evidence admissible in court.

November 28, 2021
November 28, 2021

Credit card spending keeps growing as virus recedes

Spending through credit cards maintained an upward trend in September as people kept flocking to online sites in the tourism and hospitality sector as the coronavirus crisis continues to wane.

November 28, 2021
November 28, 2021

NBFIs seek deferral of BB rules seeking to restore discipline

Non-bank financial institutions have demanded postponement of the application of a Bangladesh Bank guideline that is seeking to restore credit discipline in the fragile sector.

November 27, 2021
November 27, 2021

Bank Asia celebrates 22nd anniversary

Bank Asia Ltd celebrated its 22nd founding anniversary today.