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Category Archives: Banking News

Prime Bank recommends 12.50 percent dividend

Banking Desk The Board of Directors of Prime Bank on Wednesday recommended 12.50 percent cash dividend for the year ending on December 31, 2013. The Board has also decided to issue “Prime Bank Subordinated Bond-2″ up to Tk. 2,500.00 million for raising Tier-II Capital subject to approval of the Regulatory Authorities, according to DSE website. The Annual General Meeting of ... Read More »

DBBL recommends 40% cash dividend; SB 16% cash, 5% stock dividend The Board of Directors of Dutch-Bangla Bank Ltd on Tuesday recommended 40 percent cash dividend for the General Public Shareholders and Foreign Sponsors/Shareholders for the year ended on December 31, 2013. The Local Sponsors (holding total 122,634,240 shares of Tk. 10.00 each) of the Company will not receive any dividend. The total amount of Tk. 309,463,040.00 (40 percent cash ... Read More »

SC upholds HC order: 8 directors of Pubali Bank illegal

Court Correspondent The Appellate Division of the Supreme Court has uphold the High Court order that declared illegal the posts of eight directors of Pubali Bank Limited. A five-member bench led by Chief Justice Md Muzammel Hussain issued the order on Monday morning after hearing a petition submitted by the bank authorities seeking a stay on the HC order. On ... Read More »

New banks cautious about lending

Banking Desk Most of the nine new banks licensed last year appear to be cautious in lending even as demand for loans is gradually rising. Bangladesh Bank (BB) data showed that only two new entrants are fairly aggressive in lending. “We are going slow, steady and carefully,” said Muklesur Rahman, Managing Director of NRB Bank. The bank’s loan-deposit ratio stood ... Read More »

Preparing sector specific policy for banks is a big challenge: BB governor Bangladesh Bank (BB) Governor Dr Atiur Rahman on Saturday suggested all banks to make their activities more eco- friendly, but alerted them about the associated risks that should be addressed with appropriate policy measures. Addressing the Green Finance Conference 2014 at the Bangladesh Bank Training Academy (BBTA) at Mirpur in Dhaka city, the governor said all banks have their ... Read More »

Tk 142cr fresh scam in Sonali Bank

Banking Desk Sonali Bank has been fallen prey of a fresh scam of Tk.142crore, quoting a audit report of the Bank an Anti-Corruption Commission (ACC) source said. The scam came to light in September last year through a business audit of the Bank. “This amount of money was grabbed away through different lifeless projects and providing loans to the foreigners ... Read More »

1,674 bank branches increased in 5 -yr Bangladesh Bank Governor Dr. Atiur Rahman on Sunday said 1,674 branch of banks in the country are increased in five years while the number of banks increased from 48 to 56. Dr. Atiur Rahman said this while speaking at a program at Mirpur in the capital this morning. “The size and depth of the financial sectors of the economy ... Read More »

New mobile banking tech on the way

BDCOM Online Limited, a Bangladeshi IT service company, is offering new technology-based technical support to a growing number of companies that provide financial services on mobile phones. The company signed a memorandum of understanding with French company eServGlobal on Wednesday to this effect. BDCOM Managing Director Golam Faruk Alamgir Arman and eServGlobal Chief Executive Paolo Montessori signed the deal at ... Read More »

Hackers loot $0.25m from Sonali Bank

Hackers looted at least 0.25 million US dollar from Sonali Bank by the middle of last year using hacking password, a top government official disclosed Saturday. Hackers allegedly broke into the bank`s server and transacted $2.50 lakh to their accounts, M Aslam Alam, Secretary, Bank and Financial Institutions Division (BFID) of the finance ministry, said in presence of Finance Minister ... Read More »

Banks urged to lower lending rates for MFs

Banking Desk Bangladesh Bank (BB) governor Atiur Rahman on Saturday called on banks to lower their lending rates for microfinance institutions. Addressing the inauguration of Dhaka Microfinance Conference 2014, the central governor noted that the interest on deposits has already been lowered by 2 percent and asked why the banks should not lower their lending rate by 1-2 percent. The ... Read More »