The health of the bank has improved for raising the interest rates to 9 per cent and 6 per cent respectively for lending and deposits, Finance Minister AHM Mustafa Kamal said today.

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

Prime Bank has been named “Bangladesh Domestic Cash Management Bank of the Year 2021” by Singapore-based the Asian Banking & Finance Magazine. 

The central bank yesterday asked banks to raise their core capital ratio to 3.25 per cent in 2023 after they failed to put in place enough shareholders’ equity and reserves in line with international standards to absorb unexpected shocks.

The Taliban took over Afghanistan with astonishing speed, but it appears unlikely that the militants will get quick access to most of the Afghan central bank’s roughly $10 billion in assets. 

The Bangladesh Bank yesterday asked non-bank financial institutions to release approved loans to bank accounts owned by genuine borrowers.

Bangladesh Bank yesterday declared a cash incentive on dedicated small and medium enterprise (SME) loan programmes for female entrepreneurs.

Standard Chartered has announced to launch the second phase of re-skilling and employment reintegration programme in partnership with UCEP for those who have lost their livelihoods due to the Covid-19 fallout.

Al-Arafah Islami Bank has recently witnessed the reelection of its risk management committee chairman. 

State-owned Probashi Kallyan Bank (PKB) today signed an agreement with NCC Bank for the disbursement of remittance sent by Bangladeshi expatriates to their beneficiaries in the country.

The Bangladesh Bank yesterday refused to revisit its instruction that asked banks to set a higher interest rate on fixed deposits than the inflation rate despite pleas from lenders.

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to submit account details of five persons, including actor Pori Moni and Helena Jahangir, a former member of the sub-committee on women affairs of Bangladesh Awami League.

South Bangla Agriculture and Commerce Bank (SBAC) debuted on the stock market today and the price of its sharew soared 10 per cent as most of the time there was no seller of the stock.

Prime Bank has retained its credit ratings for the long and short terms.  Emerging Credit Rating provided the “AA” and “ST-2” ratings respectively, valid till June 30, 2022, terming the associated outlook “stable”.

Al-Arafah Islami Bank (AIBL) has recently witnessed the election of a chairman and vice-chairman. 

Bangladesh’s trade deficit hit an all-time high of $22.27 billion last fiscal year due to a rise in commodity prices in the global market.

HSBC Bangladesh has been named “International Retail Bank of the Year, Bangladesh” at the Asian Banking and Finance Retail Banking Awards 2021. 

Banks and the stock market will return to their normal activities from tomorrow as the government looks to partially reopen the economy despite a surge in coronavirus infections.

Bangladesh Bank yesterday showed little interest in mopping up excess liquidity from the banking system as it withdrew only 38 per cent of funds attracted from banks through an absorbent instrument.

HSBC Bangladesh has been honoured with the 2021 Asian Banking and Finance Award for International Retail Bank of the Year – Bangladesh.