Brac Bank achieved a milestone of setting up its 750th agent banking outlet when they inaugurated the Pobnartek Agent Banking Outlet in Ashulia on May 16.

Bangladesh Bank yesterday further relaxed the rules for availing loans from its pre-shipment refinance scheme to the tune of Tk 5,000 crore in a bid to help exporters smoothly produce their goods.

Ensuring good governance and easing liquidity sourcing are necessary to bring back the good days for the non-bank financial institutions (NBFI), said experts yesterday.

Bangladesh Bank officials and employees will not be able to make any kind of foreign trips from now on except for some emergency purposes as part of the central bank’s efforts to prevent the foreign currency reserves from sliding further. 

Volatility in the country’s foreign exchange market yesterday intensified further amid scarcity of the greenbacks, forcing travellers to buy a US dollar at up to Tk 102, the highest in Bangladesh, in open markets.

Iftekharul Islam has been re-elected the vice-chairman of Uttara Bank.

Jamuna Bank promoted its Deputy Managing Director Md Abdus Salam to the post of additional managing director in May, according to a press release.

Rumee A Hossain has been re-elected as chairman of the Executive Committee of the Board of Directors of Bank Asia Ltd at the bank’s 473rd board of directors meeting held recently.

Standard Chartered Bangladesh has been named “Market Leader for Trade Finance” in Bangladesh as part of surveys in 2022 of Euromoney Trade Finance and Asiamoney Trade Finance.

Islami Bank Bangladesh has won Bangladesh Bank’s remittance award for 2019 and 2020.

Romo Rouf Chowdhury has been re-elected as vice-chairman of Bank Asia at the 473rd meeting of the bank’s board of directors recently.

Brac Bank and Blue-Wealth Assets have signed an agreement for the bank to provide custodial services to the latter such that they can operate a “Blue-Wealth 1st Balanced Fund”, a new open-ended mutual fund.

Mohd Safwan Choudhury has been re-elected vice-chairman of Bank Asia at the 473rd meeting of the board of directors of the bank recently.

Bangladesh Bank today instructed banks to take up to 75 per cent of payments in advance from businesses during opening of letters of credit for import of luxury and non-essential goods.

Rupali Bank, the only listed state-run lender, is lacking in its capital adequacy ratio, said its audit report for 2021.

Brac Bank has launched 39 real-time cash deposit machines (RCDMs) in Dhaka, Gazipur, Chattogram, Sylhet, Rajshahi, Khulna, Rangpur, Bogura, Jashore and Pabna in the first phase.

Md Nurul Amin, former senior secretary, has been appointed as chairman of Karmasangsthan Bank last month.

A Rouf Chowdhury has been re-elected as chairman of Bank Asia at the 473rd meeting of the board of directors of the bank held recently.

Brac Bank last week signed a memorandum of understanding (MoU) with Ace Autos, the authorised distributor of China-based Great Wall Motor Company’s Haval sport utility vehicles (SUVs) in Bangladesh.

Sonali Bank signed an agreement with the Ministry of Liberation War Affairs on the latter’s premises on Thursday over the disbursement of government allowance for freedom fighters.