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Category Archives: Banking News

24 European banks fail EBA stress test

BBC Online Twenty-four European banks have failed stress tests of their finances, the European Banking Authority has announced. The banks now have nine months to shore up their finances or risk being shut down. They include nine Italian banks, three Greek banks and three Cypriot banks. The health check was carried out on 123 EU banks by the EBA to ... Read More »

HuJi planed to attack in Oct

Banned Islamic outfit Harkatul Jihad (HuJi) had a plan to launch simultaneous attacks in different important places in the country in this month (October). The detained four suspected members of the outfit have given this confessional statement after primary interrogation, Dhaka Metropolitan Police (DMP) Joint Commissioner Monirul Islam told a press briefing in the capital`s DMP Media Centre on Saturday ... Read More »

Central bank to make provision against use of CSR funds in terrorist financing Bangladesh Bank would incorporate a provision in its corporate social responsibility policy now being prepared to prevent banks from diverting CSR funds to terrorist or militant financing. A directive in this regard was issued during the third meeting of the Anti-Militant Financing Task Force at the home ministry last month. The central bank also explained at the meeting as ... Read More »

Bangladesh, 21 Asian countries sign MoU to set up AIIB Bangladesh and 21 other Asian countries on Friday signed the intergovernmental Memorandum of Understanding (MOU) to establish the Asian Infrastructure Investment Bank (AIIB). Representatives of the 22 nations signed the MoU at the Great Hall of the People in the heart of Beijing, according to media reports. Bangladesh was represented by state minister for finance and planning MA Mannan, ... Read More »

Prime Insurance Company organised seminar on banking business protection, insurance Prime Insurance Company Limited has arranged a Seminar on Banking Business Protection and Insurance on October 15, 2014 at Pan Pacific Sonargaon Hotel. S K Sur Chowdhury, Deputy Governor of Bangladesh Bank was present at the  seminar as a Chief Guest and delivered his valuable speech in this seminar. This seminar started with the welcome speech of Mr. ... Read More »

BB issues guideline for Shariah-based green financing Bangladesh Bank (BB) has issued a guideline for financing eco-friendly green projects, including renewable energy initiatives, by Shariah- based banks and non- banking financial institutions. The central bank on Sunday in a circular asked all the Islamic banks and NBFI to finance renewable energy initiatives and other environment-friendly projects from the Shariah-based refinancing scheme of the BB. Currently, seven ... Read More »

BB introduces refinancing scheme for Shariah-based funding Bangladesh Bank (BB) has introduced a refinancing scheme for Shariah-based funding with the particular aims of creating jobs in rural areas by helping existing agro-based industries and creating new entrepreneurs. The size of the fund had not been finalized yet, but it would be between Taka 100 crore and Taka 500 crore, depending on the demand, general manager of ... Read More »

End of Swiss banking secrecy in sight by 2018

GENEVA: Switzerland’s embattled banking secrecy could be dealt a final death blow in 2018, after the government decided yesterday to launch talks with other nations on the automatic exchange of account details.In a statement, the government said it had “adopted definitive negotiation mandates for introducing the new global standard for the automatic exchange of information in tax matters with partner ... Read More »

BB post observer after detecting Tk 1,500cr loan irregularities in NBL

5 members of chairman’s family run NBL ! Bangladesh Bank (BB) has appointed an observer for National Bank Ltd (NBL) to monitor the activities and ensure oversight at the private bank following detection of irregularities in loan disbursement, officials said.BB, the apex bank of the country, issued an order in this regard on Wednesday, posting its General Manager of ... Read More »

Bill Gates lauds BD’s mobile banking Lauding highly the mobile banking services in Bangladesh, the iconic inventor in the world of information technology, Bill Gates, said banking on digital technology would bring financial services to the world’s poor. “Rich people take for granted loans, insurance, banking and other financial services that poor people have little access to,” Gates said in an interview with the ... Read More »