Southeast Bank to issue BDT5.0bn subordinate bonds The Bangladesh Securities and Exchange Commission (BSEC) has taken a set of decisions, including approval of non-convertible subordinate bond of Southeast Bank worth BDT 5.0 billion. The approval came a meeting held at the office of the BSEC in capital Dhaka on Tuesday
Read MoreStressed loans stir up worries in Bangladesh Bank A load of rescheduled and restructured loans causes concern for the credit-risk management of country’s banking industry, as it erodes their profitability and shifts the burden on clientele, reveals the central bank. Besides, the FSR cautions, such a situation would increase the
Read MoreBanks to inject BDT 175.5 billion into rural economy anew The country’s commercial banks will disburse BDT 175.5 billion in the countryside this fiscal year under an agricultural and rural credit policy and program announced Sunday. As per the new policy, unveiled by the central bank, all local private commercial
Read MoreBRAC Bank records 75.0% YoY profit growth BRAC Bank Limited recorded a staggering 75% growth in year-on-year after tax profit in the first six months (January-June) of 2016, said a statement. The bank reported a consolidated after tax profit of BDT 1,746 million during January-June 2016 which was BDT 1,000
Read MoreBanks can roll in higher forex The central bank has raised substantially the net open position (NOP) limit for commercial banks to hold higher amounts of foreign exchange. Officials said the measure is meant for keeping the inter-bank foreign exchange (forex) market stable. The NOP has been jacked up by
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