Eastern Bank Limited to get USD 40.0 million loan from DEG, FMO Development banks of Germany DEG and of Netherlands FMO will provide a term loan of USD 40 million to Eastern Bank Ltd (EBL), a leading private sector bank of the country, said a statement. Ali Reza Iftekhar, Managing
Read MoreBanks asked to give NRBs door-to-door services for remittance Bangladesh Bank on Sunday asked the top 20 remittance receiving banks to provide door-to-door services to non-resident Bangladeshis by appointing agents abroad to increase the inflow of remittance through the banking channel. The BB directive came after the country’s inward remittance
Read MorePrivate sector credit flow rises in December after three months Private sector credit growth increased slightly in December 2016, after experiencing a falling trend in the previous three consecutive months, due to higher trade financing for settling import payment obligations, bankers said. The growth in credit flow to private sector
Read MoreRemittance inflow rebounds onto upturn, crosses USD 1.0 billion in January A drive across the country and abroad to plug the holes began to remedy recent remittance downturn, boosting monthly turnover above USD 1.0 billion again in January. As part of the moves, a research group is now working to
Read MoreMonetary Policy Statement (MPS) silent on NPL, capital flight Country’s apex trade body, FBCCI, said the just-announced monetary policy statement (MPS) is devoid of direction over major financial flaws like non-performing loans (NPLs) and capital flight. Some other staggering issues like undisclosed money and cuts in the rates of interest
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