Most banks make robust operating profits in 2017 Operating profits of most of the scheduled banks increased significantly in the just-concluded year of 2017 amid rampant credit disbursements by the banks, said senior bank officials. Out of 28 banks, data of which were available till Sunday, operating profits of 27
Read MoreBB eases financing process of EDF Bangladesh Bank (BB) has eased the process of Export Development Fund (EDF) to facilitate access to financing in foreign exchange for input procurements by manufacturer-exporters, reports BSS. “To bring ease in operations of EDF, revised operational procedure prepared through compilation of existing instructions,” said
Read MoreBank transactions to remain closed on Sunday Transactions of all banks will remain closed on Sunday (tomorrow) as it is the last day of 2017. “Banking transactions will be closed. But we will perform our official activities,” said Abdul Baten Chowdhury, head of the principal branch of the Southeast Bank
Read MoreBangladesh Bank sells $45m more to three banks The central bank of Bangladesh has sold US$45 million more to three commercial banks to meet the growing demand for the greenback in the market. “We’ve sold the foreign currency to the banks on Wednesday at market rate to settle outstanding letters
Read MoreImport orders double in five months Overall import orders almost doubled in the first five months of this fiscal year as opening letters of credit (LC) for bulk purchase for Rooppur Nuclear Power Plant (NPP) gave a spurt. By official count, the opening of LCs, generally known as import orders,
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