Midland Bank Ltd recently signed a memorandum of understanding (MoU) with Dream Square Resort.

Premier Bank recently signed a participation agreement with the Financial Sector Support and Strategic Planning Department of the Bangladesh Bank to avail refinance facility in US dollar

The bad loans rose by Tk 24,419 crore in the last three months to June

It hit $4.31 billion in September

$1.34 billion came in September, lowest since April of 2020

The banks are: Social Islami Bank, Al-Arafah Islami, Mercantile, Modhumoti, Midland, Brac, Exim, Premier, Shahjalal Islami and Trust.

Credit markets are often affected by market failures, which makes them prone to government interventions. While there are many ways in which governments can intervene in financial markets, a common method is through state-owned banks.

Standard Chartered Bangladesh recently launched a joint initiative with the Center for Natural Resource Studies (CNRS) to boost the availability and accessibility of high-quality fish spawn, specifically Generation 3 Rohu, for 2,000 aquaculture farmers residing along the southern coast of the country.

Brac Bank recently signed a memorandum of understanding (MoU) with Stamford University Bangladesh to augment transactional banking services.

Mercantile Bank PLC recently organised a conference on “Prevention of Money Laundering and Combating Financing against Terrorism” for agent outlets’ owners in Noakhali, Lakshmipur and Chandpur regions.

Prime Bank’s Neera, an initiative for women clients of the bank, has recently signed an agreement with Moshal Mental Health, a mental health organisation in Bangladesh..Nazeem A Choudhury, deputy managing director of the bank, and Maria Mumu, founder and president of the mental health orga

The Bangladesh Bank will not be making any drastic policy changes ahead of the national election scheduled for January, putting all its focus on tackling the depleting foreign exchange reserves and refraining from printing money to give loans to the government.

The duo has so far defaulted on loans of Tk 904 crore given by different banks

22-carat gold will be Tk 99,960 a bhori from tomorrow

The reserves hit $21.15 billion on Sep 26

NRBC Bank PLC has achieved the certification of the Payment Card Industry Data Security Standard (PCI DSS) version 3.2.1.

The forward forex rate will be Tk 113.85 a US dollar

The Bangladesh Bank (BB) is yet to receive any official communication neither from the US authorities nor from the Asian Clearing Union (ACU) regarding restriction on processing payments linked to the ACU.

One Bank Ltd signed a memorandum of understanding with United Property Solutions Ltd, a concern of United Group, recently offering the latter’s customers financial products, including home loans. .Md Kamruzzaman, head of the lender’s retail banking division, and Sheikh Md Faruk Hossain,

SM Mainul Kabir recently joined United Commercial Bank (UCB) PLC as deputy managing director (DMD).