NCC Bank recently signed an agreement with Millennium Information Solution for the supply and implementation of “NCC Islamic Banking Solutions” software. 

Islami Bank Bangladesh Ltd has received consent from the Bangladesh Securities and Exchange Commission (BSEC) to raise Tk 800 crore by issuing subordinated bonds.   

Kazi Khurram Ahmed has been elected vice-chairman of Standard Bank at a meeting of the board of directors recently. 

Standard Chartered Saadiq Bangladesh has been recognised as the “Islamic Banking Window of the Year” at the 7th Islamic Finance Forum of South Asia Awards for its customer-centric ethos, dynamic range of shariah-compliant products and contributions to the growth of Islamic banking, both locally and globally.

Meghna Bank launched an end-to-end digital service titled “Meghna Access” for corporate payment solution and real time distributed cash collection solution.

Bank Asia has arranged a discussion meeting and dua mahfil to observe the 14th anniversary of its Islamic banking services at the bank’s corporate office in Paltan, Dhaka on December 26.

Brac Bank signed a memorandum of understanding (MoU) with online platform Go DESHi to jointly work for developing women entrepreneurs in Bangladesh. 

Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.

Social Islami Bank gets nod to raise funds of Tk 600 crore by issuing non-convertible, unsecured, mudaraba subordinated floating rate bond.

The Bangladesh Securities and Exchange Commission (BSEC) has approved an open-ended mutual fund named Grameen Bank AIMS First Unit Fund.

Bangladesh Bank has printed a commemorative note of Tk 50, marking the launch of the country’s first metro rail tomorrow, the central bank said today.

Bangladesh Securities and Exchange Commission (BSEC) has approved Islami Bank’s fourth subordinated bond worth Tk 800 crore.

Social Islami Bank gets nod to raise funds of Tk 600 crore by issuing non-convertible, unsecured, mudaraba subordinated floating rate bond.

Pubali Bank has got go-ahead to raise Tk 700 crore through its third subordinated bond.

Trust Bank has got a go-ahead for a non-convertible, unsecured and floating rate subordinated bond worth of Tk 400 crore.

United Commercial Bank (UCB) will issue a non-convertible, unsecured, fullly redeemable subordinated bond worth Tk 1,000 crore.

Banks can show interest receivables for 2022 as income on their books on the term loans that have been extended a relaxed repayment facility up to December, said the central bank yesterday.   

The Bangladesh Bank today asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for lubricant and engine oil in order to run the operation of industries smoothly.

Banks can show interest receivables for 2022 as income on their books on the term loans that have been given a relaxed repayment facility up to December, the central bank said yesterday.

The Bangladesh Bank yesterday relaxed its term loan repayment policy for non-bank financial institutions (NBFIs), days after it extended more time to the borrowers of banks to pay back loans.