Pubali Bank has reached a syndicated loan facility agreement worth $52 million with Bank Muscat.  The facility will help Pubali Bank provide liquidity services to local banks and local import and export businesses and strengthen the country’s economic growth, generating up to $200 million of additional trade every year, says a press release.

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) in the country to not transport any materials through unlicenced courier service companies.

A number of customers of Nagad have alleged that they were facing troubles in carrying out transactions on their accounts as the mobile financial service provider has suspended them on suspicion of unusual transactions with e-commerce platforms.

The Bangladesh Bank has asked banks not to open any trust-cum settlement account (TCSAs) under the name of Nagad Ltd.

The stock market regulator today gave go-ahead to Union Bank to raise Tk 428 crore from the public, which will be the largest initial public offering (IPO) in the banking sector.

Padma Bank had signed a memorandum of understanding with a US based investment company under which the latter will manage a “potential fund” of $700 million as debt and equity capital for the Bangladeshi lender.

Nagad, the mobile financial service (MFS) wing of Bangladesh Post Office, has till date launched 599 service points, with at least one in every upazila of the country, to resolve problems faced by customers. 

IDLC Finance has launched a “digital savings scheme” through bKash accounts at its Gulshan corporate head office recently.

Bangladesh has finally become a member of the New Development Bank (NDB), which was launched in 2015 by Brazil, Russia, India, China and South Africa, collectively known as Brics, according to a statement of NDB.

Bangladesh Bank yesterday said borrowers of non-bank financial institutions (NBFIs) would not become defaulters until December if they pay 50 per cent of their loans’ instalment.

Managements of the state-owned banks are in a state of discomfort after being informed about the Padma Bank’s wish to get merged with a state lender.

Remittance inflow declined 8 per cent year-on-year in August to $1.8 billion, the lowest in the past six months, as money transfers through informal channels such as “hundi ‘’ have increased, according to various experts.

The stock market regulator has dismissed the board of Fareast Islami Life Insurance to protect investors' interest.

Bangladesh Bank today said borrowers of non-bank financial institutions (NBFIs) would not become defaulters until December if they pay 50 per cent of their loans’ instalment.

NRB Bank has recently witnessed the reelection of two vice-chairmen at a board of directors’ meeting. 

Padma Bank, the erstwhile Farmers Bank, in a letter to the finance ministry recently has sought to be merged with any state bank that fits the bill, in what seems to be a desperate effort to avoid further deterioration of its financial health.

Padma Bank, erstwhile Farmers Bank, has sought to merge with the state bank in its desperate effort to avoid further deterioration of its financial health, a finance ministry official said.

Moody’s Investors Service has assigned a Ba3 rating to Brac Bank amidst the ongoing Covid-19 pandemic.  Obligations rated Ba are judged to have speculative elements and are subject to substantial credit risk, according to Moody’s.

Bangladesh Bank has lent $100 million more to Sri Lanka to help the island nation stay afloat tackling a foreign exchange crisis.

The stock market regulator has approved Nagad’s zero coupon bond on condition that some regulatory requirements are fulfilled for raising Tk 510 crore in funds.