BB receives 73 proposals worth $435m for long-term financing Bangladesh Bank has so far received 73 project proposals involving USD 435 million from export-oriented companies to facilitate long-term financing under the World Bank-funded Financial Sector Support Project. The Central Bank has already sanctioned 27 proposals with USD 109.77 million, of

Bank transactions to remain closed on Sunday Transactions of all banks will remain closed on Sunday (tomorrow) as it is the last day of 2017. “Banking transactions will be closed. But we will perform our official activities,” said Abdul Baten Chowdhury, head of the principal branch of the Southeast Bank

BB probe finds informal channels major reason of remittance inflow fall Bangladesh Bank (BB) investigation teams have identified informal channels, including mobile banking, as the major reasons for downward trend in country’s remittance inflow, reports BSS. “Non-Residence Bangladeshis (NRBs) are using informal channels for sending their money home due to

Private sector credit flow rises in December after three months Private sector credit growth increased slightly in December 2016, after experiencing a falling trend in the previous three consecutive months, due to higher trade financing for settling import payment obligations, bankers said. The growth in credit flow to private sector

BB raises farm loan targets for banks The central bank has raised the farm loan disbursement target by 6.86 percent to Tk 21,800 crore for the current fiscal year compared to a year ago. Banks will have to disburse a minimum 10 percent of their agriculture loan to the fisheries