Forex reserves cross record $48 billion mark

The country’s foreign exchange reserves witnessed a new record crossing the $48 billion mark following the $1.45 billion financial assistance from the International Monetary Fund (IMF). In addition to remittances sent by expatriates, the IMF aid mainly contributed to the surge in forex reserves. Foreign exchange reserves in Bangladesh have reached new heights due to the positive trend of remittances sent by expatriates and the addition of loan assistance from the IMF. The reserve crossed the $46 billion-mark on 28 June while $45.01 billion-mark on 3 May and crossed the $44 billion mark on 24 February this year and touched the $40 billion-mark on October 28 last year.

Source: https://www.tbsnews.net/economy/forex-reserves-cross-record-48-billion-mark-292702

 Bengal Commercial Bank signed agreement with CRISL

Bengal Commercial Bank signed an agreement with Credit Rating Information & Services Limited (CRISL) for credit rating of the bank on Wednesday at the bank’s Head Office in the city. Tarik Morshed, Managing Director & CEO of Bengal Commercial Bank, and Mozaffar Hossain, President & CEO of CRISL, signed the agreement on behalf of their respective organisations.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bengal-commercial-bank-signed-agreement-with-crisl-1629823381

 IBBL signs MoU with NOVOAIR

Islami Bank Bangladesh Limited (IBBL) and NOVOAIR Limited signed a Memorandum of Understanding (MoU) regarding corporate facilities at the Islami Bank Tower in the city on Tuesday. Under this agreement, Islami Bank’s Debit and Khidmah Credit Card holders, staff and their family members will enjoy special discount facilities on Air Ticketing, 3-6 months EMI and POS services with NOVOAIR. IBBL Debit/Khidmah card holders can also avail themselves of special accommodation packages and EMI facilities in renowned hotels.

Source: https://today.thefinancialexpress.com.bd/trade-market/ibbl-signs-mou-with-novoair-1629822374