SME credit crosses TK 1t in 9 months Aggregate disbursement of credit to the Small and Medium Enterprises (SME) sector crossed Tk 1 trillion (Tk 1,000 billion) during the first nine months of 2016. Statistics available with Bangladesh Bank revealed that the country’s banks and financial institutions disbursed Tk 1011.60
Read MoreMutual Trust Bank arranges preference shares for Star Ceramics The closing ceremony of Issuance of Redeemable Cumulative Preference Shares under syndication of BDT 935.0 million for Star Ceramics Limited was held at a city hotel recently. Mutual Trust Bank Limited (MTB) is the Lead Arranger and Agent & MTB Capital
Read MoreBigger bank board is no guarantee of profitability: Study The size of the board of directors of a bank does not have any impact on its performance both in terms of Return on Equity (RoE) and Return on Investment (RoI), according to a study conducted by the Bangladesh Institute of
Read MoreBangladesh averts being blacklisted in APG report Bangladeshi has averted being blacklisted for money laundering and terrorism financing in the final report of Asia Pacific Group on Money Laundering. They said the country’s diplomatic efforts helped it avoid the risk of being on APG blacklist. The cabinet meeting recently approved
Read MoreCountry moves to import cash dollar The central bank of Bangladesh moves to import cash US dollar through a commercial bank to feed a growing demand for the greenback on the market. Officials said the disclosure was made at a meeting of bankers, held in the central bank headquarters in
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