Private sector credit to grow sans change in policy rates The central bank under the changed management unveiled Tuesday its maiden monetary policy for the first half of the current fiscal year cautiously with key policy rates remaining unchanged. However, the policy expects credit to the private sector to go
Read MoreCumulative written-off bank loans now BDT 414.4 billion Written-off loans continued to rise until March, 2016 as the banks cleaned their balance sheets by reducing default loans, officials said. Cumulative loans, written off by the banks, rose by nearly BDT 2.0 billion to BDT 414.4 billion during the first quarter
Read MoreIBBL holds 14% banking customers of Bangladesh Islami Bank Bangladesh Limited (IBBL)’s customers’ base reached at 11.5 million representing 14 per cent share of Bangladesh’s banking customers and 25 per cent of the global Islamic banking clients. It was disclosed at half-yearly business development conference, held at a local hotel
Read MoreBB issues licence for Shimanto Bank Bangladesh Bank (BB) issued a licence for Shimanto Bank Limited, owned by the Border Guard Bangladesh (BGB) Welfare Trust. The central bank of Bangladesh on Thursday issued the licence to the Shimanto Bank for running their business after complying with all rules and regulations,
Read MoreBB asks banks to submit monitoring report by Oct Bangladesh Bank (BB) has asked the scheduled banks to submit the monitoring report on money laundering and militancy financing issues before the central bank after investigating all branches within October. BB gave the instruction over the last two days to all
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