Cross-border payments are inefficient, often slow, opaque and expensive. Worldwide businesses did $23.5 trillion cross-border transactions in 2020, which is equivalent to 25 per cent of global GDP.

Financially weak banks should consider mergers in a bid to reduce the pressure of default loans, according to Salman F Rahman, the prime minister’s adviser on private industry and investment.

In an upsetting development, default loans in the banking sector in Bangladesh have surpassed Tk 1 lakh crore after more than one and a half years despite a relaxed loan classification policy adopted by the central bank.

Default loans in the Bangladesh’s banking sector has gone past Tk 1 lakh crore despite relaxed loan classification policy taken by the central bank.

Social Islami Bank Ltd has celebrated its 26th Anniversary today.

Masihul Huq Chowdhury has recently been reappointed as the managing director of Community Bank Bangladesh Ltd for the second consecutive term, which will be effective from December 1.

The wait for an interoperable digital transaction system is soon going to be over as the government is launching it early next year.

Progoti Systems Ltd was awarded with the payment service (PSP) provider licence by Bangladesh Bank today.

In an ominous sign, the central bank has flouted its own rules when it permitted Aviva Finance Ltd to open five more branches although the financial health of the non-bank financial institution has been in a bad shape.

The Bangladesh Bank has introduced an electronic dealing system for banks and non-bank financial institutions (NBFIs) such that they will lend and deposit on short-term basis with each other through a digital platform.

The share of AB Bank topped the gainers’ list today although there was no good news from the financial institution for the investors.

Shamima Nargis has joined as the chairman of the board of directors of state-owned Bangladesh Development Bank Limited (BDBL).

Up until July this year, firms had been able to borrow at unprecedented lower interest rates as the cost of funds declined amid business slowdown. 

Bangladesh Krishi Bank recently promoted three general managers to deputy managing directors.

The Bangladesh Bank today decided to postpone upcoming two recruitment tests that are scheduled to be held under the responsibility of Ahsanullah University of Science and Technology (AUST).

Banks in Bangladesh are less keen on giving out loans under the second round of stimulus packages as many clients are in trouble to pay off their current debts, a development that may hurt the economic recovery.

The International Monetary Fund will inquire about Bangladesh’s progress in reforming the local banking and subsidy sectors as well as ongoing vaccination drive as it is set to hold its first dialogue with the government since the coronavirus outbreak.

The Bangladesh Bank has imposed a fine of Tk 10 lakh on Southeast Bank for breaching rules by making an excessive amount of investment in a single company in the stock market.

As inflation soars to its highest level in three decades in Germany, Simon and Lena Wendland, parents of newborn twins, say that their lives have become more uncertain.

The European Central Bank needs to issue a digital euro as yielding the space entirely to private sector initiatives like stablecoins could endanger financial stability and weaken the role of the central bank, ECB executive board member Fabio Panetta said.