Bank deposits slow in Feb, yet stay higher YoY at 10.43% Bangladesh’s banking sector experienced a slight drop in deposit growth in February this year, yet it continues to maintain year-on-year growth driven by rising interest rates and remittance inflows. According to data from the central bank, total deposits reached
Read MoreBangladesh Bank gets five merger proposals from banks The central bank got five merger proposals from banks and now plans not to receive any more applications for the time being before the completion of the initial bids. Under the five proposals, state-run Sonali Bank wants to acquire Bangladesh Development Bank
Read MoreBanks to get policy support, regulatory relaxations for mergers The banking companies merging with weak banks will enjoy regulatory relaxations from the Bangladesh Bank and policy support from the government. The central bank issued a circular on Thursday introducing guidelines for mergers, both voluntary and compulsory. Under the guidelines, one
Read MoreThe Government to procure 3 cargoes LNG, 1.60cr litres edible oil The government today (3 April) approved separate proposals for procuring some 3 cargoes of LNG, 1.60 crore litres of edible oil, 30,000 tonnes of fertiliser and 10,000 tonnes of lentil to meet the growing demand of the country. the
Read MoreExports top $5b for fourth straight month Bangladesh’s merchandise exports stayed above $5 billion for the fourth consecutive month in March, giving much-needed breathing space to an economy struggling to keep its head above water amid the persisting foreign exchange crisis. Exporters shipped goods worth $5.10 billion last month, an
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