Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the Covid-19 pandemic and rebounding bank profits.

Bangladesh Bank (BB) yesterday asked banks not to set interest rates on fixed term deposits below the inflation rate as it yields negative returns for savers.

Brac Bank has recently been named for a Best Cash Management Bank Award 2021. 

Iqbal Hossain Shaon works at a multinational company in Dhaka. He has to go out of the capital frequently for official purposes.

Bangladesh Bank yesterday decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.

The Bangladesh Bank yesterday decided to mop up excess liquidity as it is hurting banks, savers and small borrowers and threatening to create instability in the economy through asset bubbles.

A total of nine private banks have joined Brac to provide cash support and healthcare services across Bangladesh during the pandemic’s new wave. 

Mutual Trust Bank (MTB) has recently been recognised at an Asian Banking and Finance Awards 2021 for contributions in “Core Banking System Initiative of the Year–Bangladesh” and “Banking for Women Initiative of the Year–Bangladesh”. 

The cost of funds for women entrepreneurs has declined as the Bangladesh Bank yesterday said they would be able to borrow at a 5 per cent interest rate under one of its refinance schemes.

Bangladesh is on the cusp of an industrial revolution as incomes rise and technology plays an ever-increasing role in the economy, according to HSBC.

With the financial sector being weighed down by huge excess liquidity, banks have cut the interest rates on deposits at a faster pace than on loans, penalising savers and, to some extent, small borrowers.

Remittance flow to Bangladesh fell to a five-month low of $1.87 billion in July because of the post-Eid effects and fewer working days for banks.

Development spending in Bangladesh rebounded in the last fiscal year although the implementation rate was still one of the lowest in three decades because of the disruption caused by the coronavirus pandemic and structural weaknesses.

Brac Bank has initiated a special CSR programme to stand by the families affected with Covid-19 on August 1. 

HSBC on Monday said it would resume paying dividends to shareholders after first-half profits more than doubled as an ongoing restructuring and pivot to Asia continues to pay off.

IPDC Finance witnessed around 30 per cent growth in profits in the first half of 2021 despite the second wave of Covid-19 infections sweeping across Bangladesh.

Bangladesh Bank plans to form a company for the supervision of e-commerce platforms such that clients can feel secure in purchasing products and services from the digital outlets.

British bank Lloyds said Thursday that first-half net profits surged  on lower-than-expected credit losses as the economy extended its  recovery from the Covid-19 pandemic.

Bangladesh Bank has set a target to disburse Tk 28,391 crore in farm loans this fiscal year, up 8 per cent from that a year ago, aiming to combat the adverse impacts deriving from the Covid-19 pandemic.

Bangladesh Bank once again said yesterday that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country.