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.

The Bangladesh Bank has further extended the relaxation of its loan classification policy given the ongoing business slowdown brought on by the coronavirus pandemic.

HSBC Bangladesh has recently partnered with Bangladesh Economic Zones Authority (Beza) and Brac to grow mangrove plantations in Mirsarai. 

Building homes or buying other properties require a large amount of funds. But there are many people who can’t afford to pay the entire cost out of their pockets.

After buying a record amount of US dollars last year, Bangladesh Bank has begun selling the American greenback following a decline in remittance and an increase in imports.

The Bangladesh Bank (BB) yesterday said that the highest monthly transaction limit of Tk 2 lakh from person to person through mobile financial services (MFS) would remain unchanged.

The Bangladesh Bank today said that the highest monthly transaction limit of Tk 2 lakh from person to person through mobile financial services (MFS) would remain unchanged.

Bengal Commercial Bank and Credit Rating Information & Services recently signed an agreement at the bank’s head office in Dhaka for the bank’s credit rating

Eastern Bank has recently signed an agreement with Asian Development Bank (ADB) under a trade finance programme.

The Taliban have appointed an acting head of Afghanistan’s central bank to help ease growing economic turmoil, more than a week after the Islamist movement seized the capital Kabul, a statement said on Monday.

When Alexander Graham Bell invented the telephone in 1876, little he did know his invention would be a tool to transform life, society and economy hundred years later.

Bangladesh’s foreign exchange reserve today hit a record high of $48 billion after managing a financial support from the International Monetary Fund (IMF).

IPDC Finance has introduced an emergency loan service to provide financial support for the treatment of Covid-19 patients.

Mercantile Bank Securities has recently witnessed the reelection of its chairman and vice-chairman at its 59th board meeting.

The Bangladesh Bank yesterday decided to roll out a fresh refinance scheme worth Tk 3,000 crore for the agriculture sector.

The Bangladesh Bank today said non-bank financial institutions would not be able to show their fixed deposit receipts (FDRs) as statutory liquidity ratio if they took loans against the funds.

Islami Bank Bangladesh Limited (IBBL) has launched Shari’ah based dual currency Mastercard Titanium, gold debit, world and gold credit and prepaid cards in Bangladesh.

Banks and non-bank financial institutions (NBFIs) should make their data available for clients so that they can verify the actual performance of every lender, analysts said yesterday.

The 9 per cent and 6 per cent interest rates fixed respectively for lending and deposits have helped banks in improving their health, Finance Minister AHM Mustafa Kamal said yesterday.

Default loans in Bangladesh surged in the first half of 2021 as borrowers struggle to pay back due to the business slowdown caused by the coronavirus pandemic.