Move to rid Banks of NPL burden The central bank has moved to form an asset management company to deal with the growing non-performing loans (NPLs) of banks, as part of its efforts to perk up the ailing sector. The development comes following recommendation from a six-member committee formed two
Read MoreBangladesh second fastest growing economy: IMF Bangladesh is among the three fastest growing economies in the world, according to the International Monetary Fund (IMF) — in yet another thumping endorsement of the country’s extraordinary growth momentum. The economy will grow at 7.3 percent this year, which will be second highest
Read MoreBangladesh remains 9th highest remittance receiver: WB According to a World Bank report, Bangladesh remained the ninth highest remittance receiving country in 2018 with the total inflow rising to $15.5 billion from $13.47 billion of 2017. India, like the past year, retained the top position with $ 78.60 billion remittance
Read MoreBanks, NBFIs given extended facility to get JICA-assisted fund Bangladesh Bank on Monday extended refinancing facility for banks and non-bank financial institutions from the Japan International Cooperation Agency-assisted foreign direct investment promotion project. BB’s foreign exchange investment department, also the FDIPP-implementation unit, issued a circular on the day with a
Read MoreExports exceed target, fetch $30.9b in nine months Earnings from the country’s merchandise exports in the first nine months of the current fiscal year (FY), 2018-19, increased to US$ 30.90 billion, registering a modest growth of about 13 per cent over the same period of the previous fiscal. The country
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