Five-Bank Merger: Depositors Face Deep Financial Haircut
In a sweeping move to rescue five failing Sharia-based lenders, Bangladesh Bank has implemented a mandatory “haircut” on the returns …
Banking
Banking
Central bankers and bank CEOs back Powell amid Trump pressure.
January 13 (Reuters) – A remarkable show of support for Federal Reserve Chair Jerome Powell emerged on Tuesday as global …
Hallmark Debt Recovery Boosts Sonali Bank Profits
In a significant triumph for the country’s banking sector, Sonali Bank PLC, the largest state-owned commercial lender in Bangladesh, has …
Finance Adviser Targets Auditors Over Bank Liquidity Crisis
The interim government has launched a sweeping investigation into the financial reporting standards of five prominent private banks, with Finance …
Sharia-compliant loans now at Expatriates’ Welfare Bank: Asif Nazrul
Probashi Kallyan Bank is set to launch Sharia-compliant loans tailored specifically for overseas citizens. The announcement was made by Dr …
Central Bank Purchases Significant Dollar Amount
On Monday, 12 January, the Bangladesh Bank acquired USD 81 million from ten commercial banks through a scheduled auction, officials …
Osman Ershad Takes Charge as Dhaka Bank MD
Dhaka Bank PLC has appointed Osman Ershad Fayez as its new Managing Director, marking a significant leadership transition at one …
Bangladesh Bank to Regulate New Microfinance Institutions
In a transformative move for the nation’s financial landscape, the interim government has finalised a framework to establish specialised Microfinance …
The government has taken a loan from Sammilito Islami Bank: 100 billion Taka.
The Government of Bangladesh has announced plans to secure a substantial loan of BDT 10,000 crore through the newly formed …
Sonali Bank Charts Path to Robust Profitability
State-owned Sonali Bank has successfully navigated the financial shocks caused by high-profile loan defaults, including those linked to the Hall-Mark …