Five state-owned commercial banks (SoCBs) among nine banks facing capital shortfall in Q1 Two more state-owned commercial banks (SoCBs) were included in the list of banks facing capital shortfall in the first quarter (Q1) of this calendar year. With the latest two, the total number of banks facing capital shortfall,
Read MoreBank clients fret over govt move to hike excise duty on deposits Bank clients with relatively small-sized savings are worried as the government is set to hike excise duty on deposits in banks and financial institutions by up to 100 per cent in the national budget for the next fiscal
Read MoreMost banks post better earnings in Q1 Despite increase in defaulted loans, comprehensive earnings per share of most of the listed banks increased during the first quarter of the year 2017 against that in the same period in the previous year. As the country’s banking sector was having a huge
Read MoreRemittance through MFS falls in April Inward remittance through mobile financial services has declined 2.7% to BDT 75.0 million in April from March, according to the latest Bangladesh Bank data. In March the amount of the country’s inward remittance through MFS was BDT 77.0 million. The data shows that the
Read MoreJeddah-based IDB to sell off two-thirds of its Islami Bank shares The Islamic Development Bank is selling off two-thirds of its shares in Islami Bank Bangladesh Limited (IBBL) as part of its tenure strategy to drive maturing institutions. The Saudi-based lender is bringing down its share to 2.1% in IBBL
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