Banking
Tycoons linked to Hasina siphoned $17bn from banks, BB chief tells FT
“This is the largest, most significant bank robbery by any international standard,” he said
Mercantile Bank reports a massive 35% rise in profit in Q3
The bank also saw improved cash flow from core operations
SBAC Bank’s profits jump 158% in Q3
Higher investment income and lower expenses drive the bank’s profit growth
Bank accounts of Sikder family members frozen
Transactions in bank accounts of 14 members of the family will remain blocked for 30 days
Bangladesh Bank hikes policy rate to 10% to curb inflation
This is the 11th time since May 2022 the BB hiked the repo rate to make money expensive for banks and tame demand to curb inflation.
BB reduces repo auctions to one day a week
The new measure will be effective from November 1 this year
Forex reserves on the rise: BB Governor assures stability
Bangladesh’s foreign exchange reserves are gradually increasing and stabilising, says Bangladesh Bank (BB) Governor Dr Ahsan H Mansur.
Jamuna Bank’s profit surges 37% in Q3
Profit rose thanks to strong investment and interest income
BB removes NCC Bank chairman, director
Bangladesh Bank on Thursday removed NCC Bank Chairman M Abul Bashar and Director Md Abdul Awal after they were declared loan defaulters at Bank Asia.
BB governor to visit US for World Bank-IMF meetings
The meetings will take place in between October 21 and October 26
BSEC declines NCC Bank’s Tk 500 crore bond issue
NCC Bank plans to appeal the decision and seek a review
FAS Finance’s board reconstituted for third time
Retired Major General Md Anwarul Islam made new chairman of the company
Global Islami Bank inks financing deal with FHP
Global Islami Bank (GIB) recently signed an agreement on financing in dairy, poultry and fishing projects in the area of Kishoreganj with the Society for Family Happiness & Prosperity (FHP), a microcredit financial institution.
Banks asked to freeze accounts of Mozammel Babu, his family members
Transactions in their personal and business accounts will also remain suspended for 30 days
Banks asked to freeze accounts of Momtaz Begum
Transactions in her personal and business accounts will remain suspended for 30 days
City Bank Director Rubel Aziz to sell 34 lakh shares
It is 11% of his total 3.08 crore shares in the bank
Govt removes BASIC Bank chairman
Abul Hashem has been serving the bank as chairman since 2020