Bad loans weigh down banks A first generation private commercial bank has been fighting a loan default case worth about Tk 100 crore in court for the last 15 years, meaning it had to keep provisioning for the amount every year. But it came as a great relief to the

Mutual Trust Bank arranges preference shares for Star Ceramics The closing ceremony of Issuance of Redeemable Cumulative Preference Shares under syndication of BDT 935.0 million for Star Ceramics Limited was held at a city hotel recently. Mutual Trust Bank Limited (MTB) is the Lead Arranger and Agent & MTB Capital

FX reserves hit record $32.56b Bangladesh’s foreign exchange reserves hit a record $32.56 billion at the end of February, the central bank said on Wednesday, up nearly $840 million on the previous month. The reserves are sufficient to cover about nine months’ worth of imports and are $4.5 billion higher

Flood-hit people may reschedule their loans Bangladesh Bank (BB) issued Tuesday a fresh policy on rescheduling short-term agriculture, micro-credit and SME loans to help the flood-affected borrowers continue their economic activities. The banks were allowed to reschedule such loans based on ‘banker-client’ relationship through relaxation of down payment requirements. “The

Downward revision of savings tools’ yield rates likely The government will review and re-fix soon the yield rates of different national savings certificates aiming to make them time-befitting, officials said. The finance minister in a letter on Tuesday last asked the senior secretary of the finance ministry to fix the