- Bangladesh-China ties reach new heights: FM
- Milon orders installation of CCTV cameras in every HSC exam hall
- A Call for Objective Assessment and Accountability of the Interim Government
- Zahid calls for integrated effort to build sustainable organ transplant system
- Bangladesh-China trade could drop to 24 hours via Myanmar corridor
- Govt. takes project to bring special children under health coverage: Muhit
- Proposed budget outlines roadmap for reviving devastated economy: Altaf Chowdhury
- 'New taxes could cripple the housing sector'
- JS unanimously adopts motion thanking PM Tarique Rahman for China, Malaysia visits
- 7 more child deaths push measles toll to 709
- Every child with disabilities will be under Govt healthcare: Muhit
- Bangladesh calls for development-centred WTO reform
- Injured Leckie and Italiano ruled out as Australia prepare for Egypt clash
- 'PM’s China, Malaysia visits set benchmark for Bangladesh’s global engagement'
- 'Roid' released across 31 US cities
- PM offers ‘Munajat’ at parents' graves on returning home
- BGB foils BSF's push-in attempt at Habiganj border
- US stocks trim losses as oil falls and investors buy the dip
- US Embassy issues new warning to nonimmigrant visa holders
- Belgium into World Cup last 32 with New Zealand rout
Japan's MUFG Bank interested in opening branch in Bangladesh
MUFG Bank, a Japan-based financial institution, has expressed interest in establishing a branch in Bangladesh, while also voicing concerns over the countrys non-performing loan (NPL) situation. MUFG Bank is the principal commercial banking subsidiary of Mitsubishi UFJ Financial Group (MUFG),...
World Bank Approves $450 Million to Strengthen Bangladesh’s Banking Sector
The World Bank has approved $450 million in financing for Bangladesh to strengthen its banking sector and support broader economic stability, job creation, and growth. The funding under the Financial Sector Support Project II will focus on improving financial sector resilience by strengthening...
BB allows expatriates to open offshore taka accounts
In a move aimed at attracting expatriate investment and boosting remittance utilisation, Bangladesh Bank (BB) has introduced a facility allowing non-resident Bangladeshis (NRBs) to open Non-Resident Taka Accounts (NRTAs) through Offshore Banking Units (OBUs). The central bank issued a circular...
Bangladesh set to receive $1.5b from World Bank this month
The World Bank board is expected to approve $1.5 billion in budget support for Bangladesh this month through three separate loan programmes, a move that could ease pressure on the countrys strained public finances amid the ongoing Middle East conflict. Of the total package, around $800 million...
Banking sector capital adequacy turns negative
The banking sector in Bangladesh is currently facing an alarming level of capital shortfall. Capital adequacy is one of the most important indicators used to assess a banks financial strength. It determines how well a bank can withstand potential risks, particularly financial stress arising from...
BB extends Tk 2,500 crore special loan to Islami Bank
Bangladesh Bank (BB) has provided a special loan of Tk 2,500 crore to Islami Bank Bangladesh PLC to help ease its ongoing liquidity crisis. The central bank disbursed the support on Sunday to assist the Shariah-based lender amid growing financial pressure. Islami Bank has been facing a severe...
BB unveils framework for alternative trade finance mechanisms
Bangladesh Bank (BB) has introduced a comprehensive policy framework aimed at expanding the use of alternative trade finance mechanisms, marking a significant step toward aligning the countrys trade financing practices with evolving global standards. The initiative seeks to provide greater...
Amnesty accuses Israel of ethnic cleansing of West Bank
Amnesty International accused Israel on Wednesday of an ethnic cleansing campaign against Bedouin and herding communities in the occupied West Bank, AFP reported. A new report by the rights group found that the campaign was aimed at accelerating the annexation of the Palestinian territory, with...
BB assigns observer to oversee Islami Bank
Bangladesh Bank (BB) on Wednesday appointed its Executive Director Mohammad Ashraful Alam as an observer of Islami Bank as it is exposed to an operational and liquidity crisis amid chaos over the appointment of its new chairman. According to a BB statement Ashraful Alams appointment under the...
Islami Bank is not Islam, past irregularities to be investigated: Home Minister
Home Minister Salahuddin Ahmed on Tuesday said Islami Bank Bangladesh PLC and Jamaat-e-Islami should not be equated with Islam, stressing that wrongdoing cannot be justified in the name of religion. Speaking during a discussion under Rule 68 in the budget session of the 13th Jatiya Sangsad, he...
Sammilito Islami Bank gets new chairman, MD
The government has appointed Quazi Shairul Hassan as chairman and Abedur Rahman Sikder as managing director (MD) and chief executive officer (CEO) of the newly formed Sammilito Islami Bank PLC. The appointments were made through two separate notifications issued by the Financial Institutions...
BB launches Tk 3,000cr refinance scheme to boost export diversification
Bangladesh Bank (BB) on Sunday launched a Taka 3,000 crore export diversification refinance scheme aimed at strengthening production capacity and expanding the countrys export base beyond the ready-made garments (RMG) sector, reports BSS. The Sustainable Finance Department of the central bank...
Govt to form banking reform commission to ensure good governance: Information Minister
Information and Broadcasting Minister Zahir Uddin Swapon on Sunday said the government would form a reform commission for the banking sector to ensure good governance and restore public confidence. Speaking at a seminar titled Good Governance and Role of Media in Banking Sector at the Economic...
Foreign currency reserve stands at $34.82b
Bangladeshs foreign exchange reserves stood at $34.82 billion, according to the latest data released by the Bangladesh Bank (BB) on Wednesday, reports BSS. The central bank said that under the International Monetary Funds (IMF) Balance of Payments and International Investment Position Manual...
Defaulted loans increased by Tk 31,488 crore in three months
Default loans in the banking sector have increased by Tk 31,488 crore over the past three months, according to the latest report of Bangladesh Bank (BB). The report shows that at the end of December, total default loans in the banking sector stood at Tk 557,216 crore. By the end of March, the...
IMF, World Bank, IEA chiefs warn of summer fuel scarcity if Hormuz strait remains closed
The heads of the International Monetary Fund, World Bank and International Energy Agency warned on Friday of the risks to fuel security during peak demand summer months if oil shipping through the Strait of Hormuz does not return to normal. Global oil inventories are being drawn down at a record...
Khurshid Alam appointed chairman of Islami Bank
Bangladesh Bank (BB) on Sunday appointed former deputy governor Md Khurshid Alam as independent director and chairman of the board of directors of Islami Bank Bangladesh PLC. The appointment was made under Sections 45 and 47(3) of the Bank Company Act, 1991, according to an official letter...
Islami Bank chairman Zubaidur resigns
Professor M Zubaidur Rahman resigned as chairman of Islami Bank Bangladesh PLC on Sunday, reports UNB. He submitted his resignation letter to Bangladesh Bank, according to central bank sources. The banks Managing Director Md Omar Faruk Khan, who was also on leave, reportedly submitted his...
ADB to provide $1.4bn to Bangladesh
The Asian Development Bank (ADB) will provide Bangladesh with $1.4 billion in financing and assistance for four major projects aimed at strengthening economic management, social protection and infrastructure development in the country. The financing agreement was signed on Sunday between...
Bank's specific branches to remain open till 10pm at Qurbani haats before Eid
Bangladesh Bank has instructed all scheduled banks to keep some specific branches, sub-branches and temporary booths operating until 10pm at designated Qurbani animal markets on the day before Eid-ul-Azha. The directive was issued in a letter sent on Sunday to the managing directors and chief...
BB announces Tk60,000cr stimulus to reopen factories
Bangladesh Bank has announced a Tk60,000-crore stimulus package to revive closed and struggling factories. The package was announced aiming to boost production, strengthen exports, support private sector growth, and create employment amid ongoing economic challenges. Of the total package,...
Bangladesh seeks new IMF loan program worth up to $5 billion
Bangladesh has started discussions with the International Monetary Fund (IMF) on a new loan program worth up to $5 billion, signaling a shift away from the countrys existing IMF arrangement amid disagreements over economic reform conditions. According to Finance Ministry sources, the government...
Foreign currency reserve stands at US$34.54b
Bangladeshs foreign exchange reserves stood at $34.54 billion, according to the latest data released by the Bangladesh Bank (BB) on Friday, reports BSS. The central bank said that under the International Monetary Funds (IMF) Balance of Payments and International Investment Position Manual...
Banks to remain open on Saturday ahead of Eid holidays
All government and private banks in Bangladesh will remain open on Saturday ahead of the Eid-ul-Azha holidays, allowing customers to complete transactions before the extended break. According to sources at Bangladesh Bank, normal banking operations and transaction hours will continue on both...
Cash crunch grips banks ahead of Eid-ul-Azha
A severe shortage of cash has emerged in the banking sector ahead of Eid-ul-Azha, with commercial banks receiving far less money from Bangladesh Bank than required amid rising withdrawal pressure during the festive season. Bankers and central bank officials said some banks have been receiving...
BB releases 3 notes with new governor’s signature
The Bangladesh Bank (BB) on Monday released three different notes carrying the signature of Governor Md Mostaqur Rahman for the first time. The notes of Tk1000, Tk500 and Tk10 were released from BBs Motijheel office, and would be issued from other central bank offices gradually, it said in a...
Banks to remain open May 23-24, closed May 25-31
All scheduled banks across the country will remain open on May 23 and 24 ahead of Eid-ul-Azha, the Bangladesh Bank said. However, all banking operations will remain closed from May 25 to May 31, according to a press release issued by the central bank on Monday. The Bangladesh Bank said...
Probe report in BB reserve heist case on July 2
A Dhaka court on Monday set July 2 for submitting the probe report in the case lodged over the 2016 reserve heist of Bangladesh Bank (BB), reports BSS. Dhaka Additional Chief Metropolitan Magistrate Jashita Islam fixed the new date as the Criminal Investigation Department (CID), the...