In a rare move, the government is not rushing into a $3-billion loan offer from the International Monetary Fund (IMF) as Bangladesh has received a huge amount of budget support from multilateral lenders to fight the impacts of the coronavirus pandemic.

Thengamara Mohila Sabuj Sangha (TMSS) recently signed an agreement with bKash enabling its members to both receive microfinance loans and pay monthly instalments through the mobile financial service provider. 

Transactions through mobile financial services in Bangladesh grew more than 50 per cent year-on-year to Tk 62,230 crore in August, central bank data showed.

State banks in Bangladesh are maintaining an elevated level of loan concentration among a handful of clients, putting their own financial health and the interest of depositors at grave risk.

City Bank Limited has partnered with Mastercard to integrate Mastercard Payment Gateway Services (MPGS) that enables a range of value-added services for customers. 

The Bangladesh Bank yesterday ordered four state banks to speed up cash recovery from defaulters as their record in realising delinquent loans has remained dismal.

The Bangladesh Bank today ordered four state banks to speed up their cash recovery programme from defaulters as they showed a lacklustre performance to realise delinquent loans.

Standard Chartered Bank today launched Standard Chartered Saadiq Sadaqah Account for clients to donate profits generated by the account to a charity of their choice.

Nearly three months after the merger proposal given by Padma Bank, the Bangladesh Bank said financial health of state lenders now faces “several problems” due to the excessive default loans.

Midland Bank Limited has recently witnessed the reelection of its chairman and vice-chairman at the 115th meeting of its Board of Directors.

Bangladesh Bank yesterday relaxed rules regarding banks’ investment in Treasury bills and bonds in order to help them avoid generating lower-than-expected profits in the secondary bond market.

Bangladesh’s economic growth will rebound to 7.2 per cent in the current fiscal year, riding on domestic consumption, global recovery, steady flow of remittance and rising exports, said Standard Chartered yesterday.

Standard Chartered Bangladesh has announced the launch of expat banking services, through which expatriates residing in Bangladesh will enjoy access to a full range of banking services, seamlessly integrating their banking experience across Bangladesh and their home countries.

Moody’s Investors Service has changed the outlook to “stable” from “negative” and affirmed issuer rating at B1 for City Bank Limited. 

The Bangladesh Financial Intelligence Unit (BFIU) has frozen the bank accounts of Foster Payments due to its alleged involvement in money laundering.

The foreign exchange regime has made an about-face in the last two months as the Bangladesh Bank continues to inject US dollars (USD) into the market to halt the depreciation of the local currency and meet the growing appetite of the economy.

Brac Bank has created employment opportunities for transgender people and people with physical challenges in its fleet as coworkers.

Prime Bank Limited has introduced a digital loan disbursement system for the garments workers- the move, the bank claimed, is the first of its kind in the banking industry in Bangladesh.

The Bangladesh Bank yesterday renewed the interim licence of Nagad for another six months as the Bangladesh Post Office (BPO) has failed to form a subsidiary to run the mobile financial service.

The Bangladesh Bank yesterday fined two more banks and warned four others for investing in the stock market breaching rules.