Banks can show their interest earnings or profits of the current calendar year for realisation of a fourth of the loans payable by borrowers in 2021, said the Bangladesh Bank yesterday.

Meghna Bank Ltd has been awarded the “Fastest Growing Corporate Bank in Bangladesh” title for the year 2021 by The Global Economics Ltd, a UK-based financial publication and a quarterly business magazine.

Standard Chartered Bank has arranged the first green zero-coupon bond in Bangladesh for Sajida Foundation, a non-governmental organisation.

NRBC Bank has won the South Asian Business Excellence Award-2021 at an event in Colombo, Sri Lanka.

Bank Asia Ltd has participated in a human chain programme as a part of its observance of International Anti-Corruption Day 2021, organised by the Anti-Corruption Commission.

Eastern Bank Ltd yesterday set up the EBL Japan Business Desk as part of its efforts to attract Japanese entrepreneurs and make their investment journey to Bangladesh smooth.

Brac Bank Ltd has signed an agreement with Link3 Technologies Ltd recently to deploy the bank’s payment gateway in online platform of the IT solutions provider.

Loans written off by banks in Bangladesh nosedived as lenders’ ability to keep 100 per cent provisioning against delinquent assets has squeezed amid business slowdown caused by the coronavirus pandemic.

Selim RF Hussain, current managing director and chief executive officer of Brac Bank, has had his contract extended by around five more years till March 2026. 

City Bank, one of the oldest banks in Bangladesh, yesterday rolled out its Islamic banking service in all branches and sub-branches throughout the country.

The recovery from default loans has failed to keep pace with escalating delinquent assets in Bangladesh, hitting banks’ income and cash flow.

Most people, especially those from the middle and lower-income brackets, usually choose to buy a ready apartment or flat rather than build their own home.

Eastern Bank Ltd (EBL) yesterday won the title of ‘Bank of the Year 2021’ in Bangladesh awarded by London-based magazine The Banker.

Standard Chartered Bangladesh has won three awards at the “Mastercard Excellence Award 2021” held recently in Dhaka.

HSBC has been voted “market leader” and the “best service” in Bangladesh in the Euromoney Cash Management Survey 2021.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday approved a perpetual bond and a mutual fund.

Bangladesh Bank yesterday decided not to mop up any money from the market as a part of its efforts to ease the ongoing liquidity crunch in the banking sector.

HSBC is a global leader in sustainability space. The bank is also actively working in Bangladesh to support its customers to transition and help achieve their sustainability goals. It has arranged the country’s first sustainability linked loan and is working to raise awareness about sustainability financing. Kevin Green shares more in an email interview with The Daily Star.

Eleven banks faced a capital shortfall of Tk 27,918 crore in September, which exposed their fragile health.

Non-bank financial institutions have demanded postponement of the application of a Bangladesh Bank guideline that is seeking to restore credit discipline in the fragile sector.