Loan disbursement by non-bank financial institutions (NBFIs) surged 46 per cent year-on-year in the April-June quarter thanks to a recovery in demand after the reopening of the economy in the second half of last year.

Despite diverse challenges, the banking sector is evolving faster than ever before, and such changes are expected to happen even quicker in the coming years.

Prime Bank is going to raise a staggering syndicated term loan of Tk 500 crore for Sajida Foundation to disburse for the latter’s microfinance programme.

Exim Bank has appointed Mohammad Firoz Hossain as its new managing director and chief executive officer with effect from September 16.

Premier Bank has achieved an international organisation for standardisation (ISO) certification for the implementation of an information security management system. 

Eastern Bank is going to issue non-convertible, unsecured and fully-redeemable floating rate subordinated bond worth Tk 500 crore. 

Brac Bank conducted a training with technical assistance from Bangladesh Bank for 50 promising entrepreneurs. 

Bangladesh Bank yesterday said local banks would be able to maintain accounts in Chinese yuan or renminbi with their corresponding lenders or branches abroad so as to help local businesses settle transactions for foreign trade using the currency. 

Bangladesh Bank has once again asked all to refrain from doing trading of any kind of virtual coin or cryptocurrency in the country.

Bangladeshi banks can now maintain account in Chinese Yuan Renminbi (CNY) with their correspondent lenders or branches abroad to help local businesses settle foreign trade with that currency.

Businesses can now repay their loans taken from the Export Development Fund (EDF) in three instalments.

Bangladesh Immigration Police has barred FAS Finance and Investment’s former managing director, Pritish Kumar Sarker, from leaving the country because of his alleged involvement in financial scams.

Eastern Bank is going to issue a non-convertible unsecured floating rate fully-redeemable subordinated bond worth Tk 500 crore.

The Bangladesh Bank yesterday sold $40 million to banks at Tk 96 each, a rate that contradicts its own efforts aimed at embracing a floating exchange rate since it is far lower than the market rate.  

Bank notes of 10 and 20 with the signature of new Bangladesh Bank Governor Abdur Rouf Talukder will be issued from the central bank’s Motijheel office from September 15.

Islami Bank Bangladesh Ltd (IBBL) yesterday launched five new products in Dhaka.

Bangladesh has to explore and formulate a long-term plan to overcome possible difficulties and trade challenges past the United Nations status graduation from a least developed to a developing country, said experts at a discussion. 

The Bangladeshi taka today depreciated against the US dollar, hitting Tk 96 on the interbank platform after the Bangladesh Bank had decided last week to allow the market forces to set the exchange rate of the local currency.

Brac Bank signed a memorandum of understanding (MoU) with the Directorate of Secondary and Higher Education (DSHE) in Dhaka recently.

Muhammad Saifullah has been elected chairman of the shariah supervisory committee of Standard Bank at the 363rd meeting of the board recently.