Improve fiscal health by slashing classified loans The central bank has asked the four state-owned commercial banks (SoCBs) to improve their financial health immediately through reducing the volume of classified loans. The instructions were given at a meeting, held at the Bangladesh Bank (BB) headquarters in the capital on Thursday
Read MoreFSSL rebranded as NRB Equity Management First Securities Services Limited (FSSL), one of the leading merchant banks in Bangladesh, has recently been renamed as NRB Equity Management Limited to rebrand itself. Half a dozen of Non-Resident Bangladeshis (NRBs), some established businessmen and seasoned professionals are now working for the company
Read MorePlan to borrow from forex reserves Export earnings from service sector dropped more than 6.0% to USD 488.0 million in the first two months of the current fiscal year, according to the Export Promotion Bureau data released yesterday. The earnings amounted to USD 531.48 million in the same period last
Read MoreCity Bank to set up new subsidiary company The City Bank Ltd has informed that the Board of Directors has decided to set up a new subsidiary Company in Hong Kong and obtain money lender license. This is subject to approval from Bangladesh Bank and regulator in Hong Kong. City
Read MoreBB asks banks to install auto-lock in all branches Bangladesh Bank on Sunday asked scheduled banks to install auto-lock system at all of their branches to strengthen security. The BB issued a circular to managing directors and chief executive officers of all banks asking them to set up the auto-lock
Read More