Three new banks on the horizon Approval for three new commercial banks is in the works at a time when the country’s banking sector is handicapped by financial irregularities and bad loans. Bangladesh Bank (BB) has completed the primary process for issuing licences to two new private banks — Bengal
Read MoreBailout fund for scam-hit state-owned banks again The government is likely to set aside Tk 1500 crore in the upcoming national budget in bailout fund for scam-hit state-owned banks despite opposition from experts, think-tanks and right groups. The proposed allocation is, however, Tk 500 crore less than the bailout fund
Read MoreAgrani Bank’s net profit jumps 197% Agrani Bank Ltd achieved a net profit of BDT 6.76 billion in 2017 with a growth rate of 197%. At the end of 2017, Return on Equity (ROE) stood at 17% from a negative ROE of 19% of the previous year. ROE increased by
Read MoreLoan Rescheduling – National, Islami in desperate bid National Bank and Islami Bank Bangladesh went on a loan reschduling spree in 2017, in what can be viewed as a stunning example of financial engineering to cover up their ailing financial health. Of the BDT 191.20 billion rescheduled by the 57
Read MoreBB okays manual for issuing new treasury bond The central bank has approved a manual for the floating rate treasury bond (FRTB), paving the way for issuing such a debt instrument in the country. The government had earlier decided to issue such a bond pursuant to rule-4 of the Public
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