Bangladesh forex slips Bangladesh’s foreign exchange reserves edged down to USD 28.8 billion at the end of May from a record high of USD 29.1 billion in the previous month. But it was up 21.0% from a year earlier, the central bank said Wednesday. The drop was due to a
Read MoreBangladesh Bank spurs banks to speed up loan recovery Bangladesh Bank on Tuesday asked scheduled banks to take initiative to reduce their defaulted loans by speeding up their loan recovery process. The direction came from a meeting between the central bank and schedules banks at the BB headquarters in the
Read MoreSME loan disbursement rises by 24.0% in Q1 SME loan disbursement by banks and non-bank financial institutions increased by 24.4% to BDT 325.2 billion in the first three months of this year compared with that in the same period a year ago, but 63.4% of the loans went to trade
Read MoreInvestment in national savings tools soars to BDT 264.9 billion in 10 months The net investment in the national savings certificates and bonds in the first 10 months of the current financial year 2015-16 stood at BDT 264.9 billion and is set to surpass the revised (upward) annual target of
Read MoreBangladesh Bank asks Al-Arafah not to sell stake to foreign investors Bangladesh Bank did not allow Al-Arafah Islami Bank to sell 10.0% of its shares to Saudi-based Islamic Development Bank (IDB). The Islamic Corporation for the Development of the Private Sector or ICD, the private sector financing arm of IDB,
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