13 banks overshoot SME lending targets Thirteen banks have overshot their annual SME loan disbursement targets in just six months in a sign of aggressive lending, which the central bank terms suspicious. They disbursed 105 percent to 242 percent of their annual targets in January-June this year, Bangladesh Bank data
Read MoreMost banks post moderate earnings in Q3 Most banks have reported moderate earnings in the third quarter of the current year thanks to higher incomes from share market investments and credit growth. Of the 30 listed with Dhaka Stock Exchange (DSE), 19 banks made healthy earnings per share (EPS) compared
Read MoreRemittance rebounds Remittance rebounded in October after hitting a seven-year low the previous month, bringing a sigh of relief for the government. The Bangladeshi diaspora sent home $1.16 billion last month, up 14.85 percent from a year earlier and 35.83 percent from the previous month, according to data from the
Read MoreBB approves changes in SIBL top brass hurriedly Bangladesh Bank has hurriedly approved the newly elected board members and managing director of Social Islami Bank following Chittagong-based S Alam Group’s move to tighten its grip on the private commercial bank. The BB on Monday evening approved the appointment of new
Read MoreSocial Islami Bank faces ‘hostile’ takeover After the top-level management of Islami Bank Bangladesh Ltd (IBBL) was removed, forcibly according to critics, on January 5 this year, Social Islami Bank Ltd (SIBL) on Monday faced a similar series of drastic changes to its upper echelon. SIBL Chairman Major (Retd) Dr
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