Doha Bank opens in Bangladesh Doha Bank has formally opened a representative office in Bangladesh, the first bank from the Gulf region to do so. The office has been launched to support Bangladeshi investors and their investment in the Gulf region. R Seetharaman, chief executive officer of Doha Bank, made
Read MoreTrade deficit rises to USD 2.8 billion in July-October The country’s trade deficit increased by 12.5% to USD 2.8 billion in the first four months of the current financial year of 2016-17 compared with that of USD 2.5 billion in the corresponding period of FY16. The deficit increased during the
Read MoreQ1 NPLs with industries swell to BDT 240.0 billion Classified loans in the industrial sector swelled by over 18 per cent or BDT 36.94 billion in the first quarter (Q1) of the current fiscal year (FY), proving the recovery drives by banks and financial institutions ineffective, to a great extent,
Read MoreRemittances from major destinations on dive Inward remittances from 13 major countries out of 18 marked a sharp fall so far in the current fiscal year against the corresponding previous period. Officials said the inflow of remittances from six Middle-Eastern countries along with two others dropped more than 15.0% during
Read MoreInterest rate spread falls to 4.7% in October Overall interest rate spread in the country’s banking sector fell further slightly in October, as the commercial banks slashed their interest rates on lending more than on deposits, officials said. The weighted average spread between lending and deposit rates, offered by the
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