Funds deposited by Bangladeshi citizens and banks with different Swiss banks witnessed a massive rise of 55 percent to 871 million Swiss francs (CHF), about Tk 8,266 crore, in 2021 compared to the previous year.

Bank Asia Ltd, in association with Bangladesh Bank, recently organised a month-long “Entrepreneurship Development Programme” for small-and-medium entrepreneurs in Cox’s Bazar.

The Asian Development Bank (ADB) will provide a $143 million policy-based loan to Bangladesh to improve the volume, efficiency, predictability, and security of cross-border trade in the country.

Bangladesh Bank yesterday asked banks to refrain from procuring goods and services from firms in which directors and high officials of the lenders have ownership, be it direct or indirect. 

Global Islami Bank got the nod to raise funds of Tk 425 crore from the stock market by offloading ordinary shares through an initial public offering (IPO).

Bangladesh Bank yesterday asked banks to seriously look into and resolve complaints of clients over their financial services so that none faces further hassles. 

Islami Bank Bangladesh Ltd (IBBL) recently signed a memorandum of understanding with BRB Hospitals enabling up to 25 per cent discount at the hospital for the bank’s cardholders, officials and their family members.

Midland Bank in collaboration with Usha Foundation, a non-government organisation, disbursed a loan of Tk 1 crore, out of Tk 4.50 crore, among 40 entrepreneurs of Jamdani Cluster in Narayanganj.

Standard Chartered Saadiq Bangladesh has won an award at Digital CX Awards 2022 in the category of digital customer experience across the financial services ecosystem.

Eastern Bank has launched a co-brand credit card with Dhaka Stock Exchange (DSE) and Visa exclusively for the stock market employees and its trading right entitlement certificate (TREC) holder companies.

Ten banks in Bangladesh collectively faced a capital shortfall of Tk 27,051 crore in March, an indication of their fragile health caused by years of irregularities.

City Bank’s credit ratings have recently been upgraded by the Credit Rating Agency of Bangladesh, the long term from AA2 to AA1 and the short term from ST-2 to ST-1.

The provisioning scenario of banks in Bangladesh further deteriorated in the first quarter of this year for an increase in default loans, an indication of the banking industry’s health having worsened. 

Bangladesh Bank has set aside Tk 200 crore to help farmers in six flood-affected districts overcome their losses, according to a Bangladesh Bank circular issued yesterday.

Mercantile Bank Ltd has targeted sustainable long-term business growth as part of its plans to become the top financial institution in Bangladesh in terms of sustainability, said its top executive.

Bangladesh Bank yesterday introduced a Tk 100 crore refinance scheme for “digital nano loan” disbursements with an aim to expand the financial inclusion of marginalised people.

The Bangladesh Bank yesterday provided a fresh waiver to Padma Bank allowing it to maintain a lower amount of mandatory liquid assets in order to enable the crisis-ridden lender to improve its balance sheet and attract foreign investors.

In an effort to stabilise the forex market, Bangladesh Bank has decided to allow the exchange rates of the taka to float against the US dollar for the first time in a decade.

AB Bank recently promoted two officials to the post of deputy managing director.

In spite of the injection of $130 million into the market by Bangladesh Bank, volatility persisted in the foreign exchange market yesterday.