The Bangladesh Bank today asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for lubricant and engine oil in order to run the operation of industries smoothly.

Banks can show interest receivables for 2022 as income on their books on the term loans that have been given a relaxed repayment facility up to December, the central bank said yesterday.

Bank Asia has won gold awards in all three categories among all private sector banks in the region for its Best Presented Annual Reports 2021 at the South Asian Federation of Accountants (SAFA) Awards 2021 in Nepal recently.

The Human Resources Division of Southeast Bank recently won the International Organisation for Standardisation (ISO) 9001:2015 certificate from Bureau Veritas for having successfully implemented human resource management as per international standards.

Bangladesh Bank has given a gold medal to its joint director Mohammad Salauddin Tapadar for his outstanding performance in 2021.

The Bangladesh Bank yesterday relaxed its term loan repayment policy for non-bank financial institutions (NBFIs), days after it extended more time to the borrowers of banks to pay back loans.

The Bangladesh Bank today relaxed its term loan repayment policy for non-bank financial institutions (NBFIs), days after it extended more time to the borrowers of banks to pay back loans.

United Commercial Bank won an award in “Excellence in Automation – Bangladesh” at a 4th edition of UiPath Automation Excellence Awards 2022 organised by UiPath Business Automation Platform in association with The Economic Times. 

Brac Bank has signed an agreement with the country’s private airline, US-Bangla Airlines, over a payment gateway service that will enable the latter to accept payments for ticket purchases by travellers holding VISA and MasterCard through its official website and mobile app.

Bangladesh Bank has extended the period meant for banks to make adjustments to their overexposure in the stock market in a bid to give relief amid existing bearish trends.

South Bangla Agriculture & Commerce (SBAC) Bank has recently appointed a deputy managing director.  

The International Finance Corporation (IFC) is providing a $32.5 million loan to Agrocorp International Pte Ltd, a Singapore-based company that supplies wheat and pulses to Bangladesh, in order to improve food security in the South Asian country.

Bangladesh Bank yesterday re-appointed an observer at Islami Bank and dispatched an observer for the first time at First Security Islami Bank (FSIBL) -- the two Shariah-based lenders where Chattogram-based business giant S Alam Group has significant stakes.

Sonali Bank has appointed a deputy managing director (DMD) recently. 

Two shariah-based banks yesterday borrowed Tk 1,250 crore more under a Bangladesh Bank’s arrangement named “Islamic Bank Liquidity Facility” (IBLF).

Bangladesh Bank yesterday rolled out a Tk 5,000 crore refinance scheme to help borrowers procure environment-friendly capital machinery.

Bangladesh Bank has come up with a new arrangement named “Islamic Bank Liquidity Facility”, under which the country’s shariah-based banks can now take short-term loan, a first of its kind in the banking sector.

Shahjalal Islami Bank yesterday awarded scholarships to 500 meritorious students from around the country who are financially insolvent. 

The interest rate cap for businesses is not coming off anytime soon, said Bangladesh Bank Governor Abdur Rouf Talukder yesterday.

Bangladesh Krishi Bank recently appointed a new deputy managing director.