Large foreign banks operating in Bangladesh took a hit in 2021 as their profits plunged due to the impacts of the coronavirus pandemic and the lower interest rate regime.

Western Union in collaboration with Bank Asia Ltd and Social Islami Bank Ltd (SIBL) launched outbound remittance services for the first time in Bangladesh at an event at Westin Dhaka recently.

Banks in Bangladesh will remain open from 9.30am to 4pm in every working day in the month of Ramadan.

The Bangladesh Securities and Exchange Commission (BSEC) has requested several banks to inject fresh funds in the stocks for the sake of stock market development.

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) in the country to refrain from spending to collect deposits from people and organisations.

Eight business entities and a government app were crowned at the 2nd HSBC Business Excellence Awards for their role in promoting Bangladesh and contributing to the sustainable growth of the economy during the challenging time brought on by the coronavirus pandemic.

Have you ever bought a national prize bond? If you have, then please match your bond numbers with the draw results again as you could be one of those lucky few who are yet to claim their prize despite winning the lottery.

Bangladesh Bank today asked non-bank financial institutions (NBFIs) to refrain from making extra spending to collect deposits from people and organisations.

Ten years past the advent of mobile financial services (MFS), over 11 crore account holders now conduct 2 crore transactions through it per day.

The Bangladesh Bank today asked banks to fulfil their lending target under the stimulus package dedicated to the cottage, micro, small and medium enterprises (CMSMEs) within the deadline this fiscal year.

Bangladesh’s current account deficit hit an all-time high of $10 billion in just the first seven months of the ongoing fiscal year due to the escalation of trade deficit and dwindling remittances.

BRAC Bank will host the 14th annual meeting of the Global Alliance for Banking on Values, a network of the most environmentally progressive and socially inclusive banks in the world.

Non-performing loans (NPLs) in the country’s banking sector increased 16.38 per cent year-on-year to Tk 103,274 crore in 2021 despite a relaxed loan classification policy taken by the Bangladesh Bank.

Remittances declined 16 per cent year-on-year to $1.49 billion in February, the lowest in the past 22 months, creating a further risk of widening the trade imbalance in the face of surging import bills.

The Bangladesh Bank today asked banks to draw up a recovery plan so that they can take a time-befitting move to resolve any downside risk emanating from default loans, liquidity crisis and some other factors.

The Islamic Development Bank (IsDB) is set to provide $56 million to Bangladesh for an inclusive sanitation and hygiene programme.

Bangladesh Bank yesterday gave a remedy to the defaulters of non-bank financial institutions (NBFIs), saying the borrowers could get a waiver of 50 per cent on their interest amount if they repay loans within a year.

From now on, no charges or fees can be imposed on customers before the activation of credit cards, Bangladesh Bank said in a notice yesterday.

Bangladesh Bank today gave a remedy to the defaulters of non-bank financial institutions (NBFIs), saying the borrowers could get a waiver of 50 per cent on their interest amount if they repay loans within a year.

Bangladesh Bank today fixed the instruments which will be considered as stock market investment for non-bank financial institutions.