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Category Archives: Banking News

Al-Arafah Islami Bank Board meet held Hafez Md Enayet Ullah, Chairman of Al-Arafah Islami Bank Limited, presided over its 566th EC Meeting of the Board of Directors at the bank’s head office in the city on Thursday. Salim Rahman, Vice Chairman, Badiur Rahman, Abdul Malek Mollah, Nazmul Ahsan Khaled, ANM Yeahea, Members of the Committee and Md Abdul Jalil, Managing Director (Current Charges) of the ... Read More »

Mercantile Bank organize training Mercantile Bank Training Institute organized a two-day Training Course on “Fundamentals for Decision on Credit Matters” at Bank’s Training Institute in the city recently. Officials working at credit desks of different branches attended the Training Course. Mati-Ul-Hasan, Deputy Managing Director of the bank inaugurated the program. Javed Tariq, Principal of the Training Institute was present among others. Read More »

Pubali Bank Managers conference held

Banking Desk Md Abdul Halim Chowdhury, Managing Director and CEO of Pubali Bank Limited, presided over its 1st Managers’ Conference-2017 of Dhaka Central as chief guest at the bank’s head office in the city recently. Safiul Alam Khan Chowdhury, Additional Managing Director, Mohammad Ali, Deputy Managing Director and Sayed Saiful Islam, General Manager and RM of Dhaka Central Region of ... Read More »

BB loosens rules over borrowing for “A” type industries in EPZs , EZs Bangladesh Bank (BB) has loosened short term foreign currency borrowing for Type “A “industries in Export Processing Zones (EPZs) and Economic Zones (EZs). Under the relaxed rules, type A industries in EPZs and EZs are allowed to obtain short term foreign currency loans from overseas banks and financial institutions, according to a BB circular issued on Sunday. “They (Type ... Read More »

BD to publish NY Fed heist probe report after retrieving money from Philippines

Finance Minister AMA Muhith has said he will publish the probe report on the central bank cyber heist after retrieving all the money from the Philippines, reports   He was talking to journalists at his office after a meeting with a World Bank delegation led by Bangladesh country director. The minister had spoken of a number of deadlines to ... Read More »

GDP growth on an elevated path : Citibank Bangladesh economy managed to grow at an impressive rate of 7.11 percent in 2015-16 financial year (FY16) signifying strong macroeconomic fundamentals, the US-based Citibank said in its annual update on Bangladesh economy and market. Both industrial and service sector registered higher growth in the FY16 compared to FY15 registering 11.09 and 6.25 percent growth respectively, the update, released today, ... Read More »

BB gets 66 proposals involving $403.63m for long term financing Bangladesh Bank (BB) has already got 66 project proposals involving US$ 403.63 million through different private banks to facilitate long term financing under the World Bank funded Financial Sector Support Project (FSSP). “We have already approved 19 proposals with $90.26 million, of which $12.02 million has been disbursed, rest of the approved amount is under the process of disbursement,” ... Read More »

Islami Bank will run professionally: Arastoo Khan Newly- appointed chairman of Islami Bank Bangladesh Ltd Arastoo Khan said on Thursday that the bank will not accept any direct political involvement as they want professionals in the bank.  ” I have already said that none of the employees of the bank will lose their job. But anybody’s direct involvement in politics will not be accepted. We want ... Read More »

Foreign partners compelled Islami Bank to make changes: Muhith The sudden changes at Islami Bank Bangladesh were made due to mounting pressure from the lender’s foreign partners, Finance Minister AMA Muhith said yesterday. “Many changes came as a consequence of the pressures from the foreign partners,” he told reporters at his secretariat office. His comments came two days after the country’s largest bank brought wholesale changes to its ... Read More »

IBF get new chairmen

Economic Reporter Former Secretary Syed Monjurul Islam has been elected the Islami Bank Foundation chairman. He elected chairman in a meeting of the Board of Directors of the bank in a city hotel on Thursday, said a bank press release. The newly elected Chairman of IBF, Syed Monjurul Islam former Secretary, Ministry of Health and Family Welfare and Ministry of ... Read More »