The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.

Social Islami Bank Ltd (SIBL) today appointed Belal Ahmed as acting chairman for its board of directors after Md Mahbub Ul Alam resigned from the post on January 26.

Social Islami Bank’s Chairman Md Mahbub Ul Alam and Additional Managing Director Abu Reza Md Yeahia resigned from their respective posts last week.

The banking sector should go through holistic reforms to strengthen the country’s financial base in order to become an upper middle-income nation by 2031, Asian Development Bank’s Country Director Edimon Ginting said.

The central bank yesterday allowed Rupali Bank Ltd to carry out its operations as a primary dealer regularly, according to a notice yesterday.

Bank Asia Limited has won a “Remittance Award 2022” conferred by the Centre for Non-Resident Bangladeshis (NRB) for outstanding contribution in collecting remittance for 2022.

Leading non-governmental organisation Buro Bangladesh is going to raise funds of Tk 150 crore by issuing zero coupon bond.

The Bangladesh Securities and Exchange Commission today approved the initial public offering of Trust Islami Life Insurance to raise funds of Tk 16 crore.

The Dhaka Chamber of Commerce & Industry (DCCI) has called for substantial reforms to the Arbitration Act 2001, the Bankruptcy Act 1997 and the Companies Act 1994 in order to attract investments from both local and foreign investors. 

Leading mobile financial service provider bKash has once again been ranked as the number one ‘Employer of Choice’ across all sectors for the third consecutive year, according to the results of the ‘Campus Track Survey B-school: 2022’ conducted by NielsenIQ.

The Bangladesh Bank has ordered private-run National Bank not to disburse more than Tk 10 crore in loans as the lender is going through uncertainties after the resignation of its Managing Director Md Mehmood Husain. 

Reaching the financial inclusion goal would take 200 years for Bangladesh if the country keeps working at the current pace in the area, said Shah Md Ahsan Habib, a professor at the Bangladesh Institute of Bank Management (BIBM), today. 

At least 60 per cent of sub-branches will have to be in areas located outside city corporations and top-tier municipalities, according to a Bangladesh Bank notice yesterday.    

Bank Asia has signed an agreement with Tech One Global (Pvt) for e-archiving of account opening forms through a document management system, enabling faster customer service delivery and safe document storage. 

Standard Chartered Bangladesh has signed an agreement with Evercare Hospital Chattogram, enabling its “Priority Grande” clients to avail an annual complimentary executive health check-up package. 

Eastern Bank has appointed M Khurshed Alam as the new chief risk officer with effect from January 8.

Brac University signed an agreement with Infrastructure Development Company Limited (Idcol) yesterday for a term loan facility.

The Bangladesh Bank will commence a campaign tomorrow to popularise an interoperable QR code across the capital city in a move to bring millions of small businesses such as street vendors and lower-income groups under the digital transaction system.

Finance Minister AHM Mustafa Kamal today requested China-led Asian Infrastructure Investment Bank (AIIB) to extend more budget support and ease loan conditions the way the World Bank has done for Bangladesh.

Bangladesh Bank yesterday unveiled a wishy-washy monetary policy for the next six months that will prove to be ineffective in tackling the headwinds passing through the economy.