Bangladesh’s banks may open FX clearing account in RMB
Banks are allowed to open foreign currency clearing account with the central bank in Chinese yuan renminbi to facilitate bilateral foreign trade
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Category: Banking
Bangladesh’s trade deficit may cross $22b in FY 19
Bangladesh’s overall trade deficit may cross US$22 billion by the end of the current fiscal year (FY) 2018-19, the central bank projected
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Bangladesh unveils H1 growth-supportive monetary policy
Bangladesh Bank unveiles a growth-supportive and restrained monetary policy for the first-half (H1) of this fiscal year (FY) to cope with challenges ahead of the election
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Asset quality for PCBs deteriorates in 2017: BB
Asset quality for the country’s private commercial banks (PCBs) slightly deteriorates mainly due to higher non-performing loan (NPL)
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BB to unveil ‘cautious’ monetary policy Tuesday
Bangladesh Bank is set to unveil its first-half (H1) yearly monetary policy on Tuesday aiming to achieve maximum economic growth through boosting investment
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City Bank, bKash sign deal to enable interconnectivity
City Bank Limited and bKash Limited announce a strategic partnership, enabling their customers to enjoy a bundle of services using interconnectivity
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BB sets BDT 218b agri credit target for FY ‘19
The central bank of Bangladesh sets an agriculture credit disbursement target of BDT 218 billion for scheduled banks for the current fiscal year (FY), 2018-19
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BB allows Eurocurrency rates to encourage RFCD deposit
BB relaxes regulations allowing banks to pay interest on resident foreign currency deposit (RFCD) accounts at Eurocurrency deposit rates
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Bangladesh Bank appoints new spokesperson
The central bank of Bangladesh has named Md Serajul Islam, an executive director, as its new spokesperson for the media, officials said
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Bangladesh’s private sector credit growth rises in FY 18
Bangladesh’s private sector credit growth increases significantly in the just-concluded fiscal year (FY) mainly due to higher import payment obligations
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Bangladesh Bank sells $5.0m more to three banks
The central bank of Bangladesh sells US$5.0 million more to three commercial banks to meet the growing demand for the greenback in the market
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Al-Arafa Islami Bank to issue BDT 5.0bn bond
Al-Arafa Islami Bank is empowered to raise a capital worth BDT 5.0 billion through non-convertible floating rate subordinate bond
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