Banks allowed holding foreign loan collaterals directly
Banks are now allowed to hold collaterals on behalf of the non-resident lenders against external loans, availed by the state agencies, without prior approval from Bangladesh Bank
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Category: PCBs
MTB to issue fresh equity in favor of Norfund
The board of directors of Mutual Trust Bank decides to convene an EGM to issue fresh capital and changes in few clauses of Articles of Association
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Bangladesh’s NPLs soar by 20.24% in H1
The amount of NPLs jumps by 20.24 per cent as on June 30 in the banking sector from December last despite close monitoring by the central bank
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State lenders to invest BDT 10bn in Farmers Bank bonds
Five state lenders are going to invest BDT 10 billion more in the troubled Farmers Bank Limited (FBL) through subscribing subordinated bonds
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City Bank to invest worth BDT 1.30b in the subsidiary
The board of directors of Bangladesh’s City Bank decid to invest in share capital worth BDT 1.30 billion in City Brokerage, a subsidiary of the bank
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Govt. gross bank borrowing to hit BDT 130b in Sept
Bangladesh government is set to raise bank borrowing significantly in September as part of financing its budget deficit for the current fiscal year (FY) 2018-19
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One more PCB to get licence shortly
The central bank of Bangladesh decides in principle to give licence to one more private commercial bank shortly.
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BB provides BDT 3.6b ALSF to three banks ahead of Eid
The central bank injects funds amounting to nearly BDT 3.60 billion to three banks to help minimize their cash withdrawal pressure ahead of the Eid-ul-Azha
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Banks asked to ensure ADCs operations during Eid holidays
Bangladesh Bank asks banks to ensure round-the-clock operations of their ADCs during the upcoming Eid-ul-Azha holidays to facilitate smooth transactions
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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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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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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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