Dhaka, July 08 – The Appellate Division of the Supreme Court (SC) yesterday stayed for two months a High Court order that imposed a status-quo on a Bangladesh Bank circular that had allowed special concession for loan defaulters by rescheduling…
Category: Banking
Chamber Judge halts HC stay on BB privileges for defaulters
Dhaka, Jul 2 (UNB) – The Chamber Judge on Tuesday stayed a High Court order that directed to maintain a status-quo on a Bangladesh Bank policy offering special privileges to loan defaulters. Justice Md Nuruzzaman passed the order after hearing…
Polls ticket trade imaginary: Why not air Swiss Bank Ac’s: BNP
Dhaka, June 30 (UNB) – BNP senior leader Nazrul Islam Khan on Sunday termed imaginary Prime Minister Sheikh Hasina’s comment that BNP’s ‘nomination trade’ during the 11th parliamentary election swelled Bangladeshis’ deposits in the Swiss banks. Speaking at a human-chain…
Reform banking sector for budget execution: Ibrahim Khaled
Dhaka, June 29 (UNB) – Former Bangladesh Bank Deputy Governor Khondkar Ibrahim Khaled on Saturday underscored the need for reforming the country’s banking sector for proper implementation of the national budget for 2019-20 fiscal year. “Default loans must be recovered,…
IBBL provided bed and water purifying machine to use Hajj
Islami Bank Bangladesh Limited has provided foam bed and water purifying machine to use at Ashkona Hajj Camp for the Hajj pilgrims in the year 2019. Abu Reza Md. Yeahia, Deputy Managing Director of the Bank handed over the materials…
BD farmers to get loans at 4pc interest: State Minister
Dhaka, Jun 27 (UNB) – Farmers will be able to take loan at 4 percent interest for producing non-major food grains, said State Minister for Rural Development and Co-operatives Division Shawpan Bhattacharjee in Parliament on Thursday. A project titled ‘Production…
BNP wants action against top loan defaulters
Dhaka, Jun 23 (UNB) – BNP senior leader Khandaker Mosharraf Hossain on Sunday said their party is waiting to see what action the government takes against those top loan defaulters whose names were unveiled in parliament. “The names of 300…
300 top loan defaulters fail to repay Tk 509bn: Minister
Dhaka, Jun 22 – Finance Minister AHM Mustafa Kamal on Saturday placed in Parliament the list of 300 top loan defaulters of the country involving Tk 50,942 crore (Tk 509bn). The Finance Minister made the disclosure while responding to a…
IBBL Shari`ah Supervisory Committee meeting held
A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh Limited was held on 19 June 2019, Wednesday at Islami Bank Tower. Sheikh Moulana Mohammad Qutubuddin, Chairman of the Committee presided over the meeting. Md. Mahbub ul Alam, Managing…
Ex-minister Menon slams anarchy in banking sector
Sangsad Bhaban, Jun 19 (UNB) – Though Bangladesh has made a good progress on economic front, the crisis in the economic sector remains to be a barrier to its way to further development, Workers Party chief Rashed Khan Menon said…
No liquidity crisis in BD banking sector, says PM Hasina
Dhaka, Jun 17 (UNB) – Prime Minister Sheikh Hasina on Monday told Parliament that there is no liquidity crisis in the banking sector insisting that certainly there is money in banks. “It’s said there’s no money in the banks. Why…
BB reserve heist report date July 2
Dhaka, May 21 – The Chief Metropolitan Magistrate (CMM) Court of Dhaka on Tuesday set July 2 to submit probe report in the case lodged over Bangladesh Bank reserve heist that took place in 2016. Magistrate Sadbir Yasir Ahsan Chowdhury…
BD central bank raises mobile banking transaction ceiling
Dhaka, May 19 – Bangladesh’s Central Bank has raised the transaction limit of banking through mobile financial services (MFS). According to a Bangladesh Bank circular issued on Sunday, an account holder can do cash-in on five occasions a day and…
IBBL exchanges views with representatives of exchange houses
Dhaka-Islami Bank Bangladesh Limited organized an exchange of views and Iftar program in honor of top executives of Bangladesh Liaison office of the Foreign Exchange Houses’ on 9 May 2019, Thursday at a hotel in Dhaka. Md. Mahbub ul Alam,…
IBBL signs MoU with Minister Hi-Tech Park
Dhaka- Islami Bank Bangladesh Limited signed a Memorandum of Understanding (MoU) with Minister Hi-Tech Park Limited at Islami Bank Tower on Tuesday, 30 April, 2019. In presence of Md. Mahbub ul Alam, Managing Director & CEO, Mohammed Monirul Moula, Additional…
Russia’s First Female Central Bank chief in Challenging Job
WASHINGTON DC, Apr 24 2019 (IPS) – Within a few short months after taking up her post as governor of the Central Bank of Russia in 2013, Elvira Nabiullina faced a growing economic crisis brought on by plunging oil prices, geopolitical…
IBBL board recommends 10% cash dividend for shareholders
The Board of Directors of Islami Bank Bangladesh Limited has recommended 10% cash dividend for the shareholders for the year 2018 subject to approval of the 36th Annual General Meeting of the Bank. The decision was taken in a meeting…
Foreign banks reluctant to disclose syphoned money: FM
Dhaka, April 19 – Foreign minister AK Abdul Momen yesterday said the banks of developed countries don’t want to disclose the information regarding the syphoning off the money by Bangladeshi nationals. He said his ministry would follow the directives of…
Dhaka court rules Freezing Tarique couple’s UK bank accounts
Dhaka, Apr 18 (UNB) – A court here on Thursday ordered freezing three bank accounts of BNP acting chairman Tarique Rahman and his wife Dr Zubaida Rahman with a UK bank. Judge of the Dhaka Metropolitan Senior Special Sessions’ Judge…
World Bank dispossessing rural poor
By Jomo Kwame Sundaram and Anis Chowdhury Kuala Lumpur and Sydney, Apr 16 2019 (IPS) – The World Bank’s Enabling the Business of Agriculture (EBA) project, launched in 2013, has sought agricultural reforms favouring the corporate sector. EBA was initially…
Modern monetary theory: the dose makes the poison
Can government deficits be financed directly by central banks, as modern monetary theory suggests? The question should not be if but how much. All things are poison, and nothing is without poison, the dosage alone makes it so a thing…
IBBL inaugurates agent banking outlet in Pabna
Dhaka- Islami Bank Bangladesh Limited (IBBL) has recently inaugurated its Agent Banking outlet in Satbaria Bazar of Sujanagar upazila in Pabna district . Ahmed Firoz Kabir, MP of Pabna-2 constituency inaugurated the outlet as a chief guest, said a press…
‘CIS- Islamic Banking and Finance Forum May 02 in Tashkent
AlHuda Center of Islamic Banking & Economics is going to organize the ‘CIS- Islamic Banking and Finance Forum’ on May 02, 2019 with Two Days Post Event Workshop on ‘’Islamic Banking, Takaful and Islamic Microfinance’’ dated May 03 -04, 2019…
IBBL RDS officials’ training program held
A training program of the Rural Development Scheme of Sreenagar Branch of Islami Bank Bangladesh Limited was held at branch premises recently. Md. Joynal Abedin, Director of the bank addressed the program as chief guest. Presided over by Md. Yeanur…
Jassore, Khulna zones of IBBL Business Development Confce
Dhaka-Jashore and Khulna Zones of Islami Bank Bangladesh Limited organized Agent Banking Business Development Conference and Money Laundering prevention workshop on Saturday, 6 April 2019 at Jashore Zonal office. Md. Mahbub ul Alam, Managing Director and CEO of the Bank…
David Malpass 13th President of World Bank Group
Washington, April 5 – The Executive Directors of the World Bank today unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday, April 9, 2019. The Board expressed its deep gratitude…
IBBL provides Tk.1 crore to Prime Minister’s Relief and Welfare Fund
Islami Bank Bangladesh Limited provided Tk.1 (One) crore to the ‘Prime Minister’s Relief and Welfare Fund’ for assistance to the fire affected people of Churihatta, Chawkbazar, Dhaka. Prime Minister Sheikh Hasina received the cheque from Professor Dr. Qazi Shahidul Alam,…
Bank loan interest rate to be brought down: PM
Dhaka, Mar 31 (UNB) – Expressing here government’s firm stance to bring down the interest rate of bank loan to a single digit, Prime Minister Sheikh Hasina on Sunday said the government will take measures again to reduce the interest…
Islami Bank celebrates its 36th founding anniversary
Islami Bank Bangladesh Limited organized a discussion meeting & Doa marking its 36th founding anniversary on 28 March 2019, Thursday at Islami Bank Tower, Dhaka. Professor Md. Nazmul Hassan, PhD, Chairman of the bank attended the program as chief guest.…
IBBL has paid homage at the National Memorial in Savar marking the Independence and National Day
Islami Bank Bangladesh Limited has paid homage at the National Memorial in Savar marking the Independence and National Day on March 26, 2019 Tuesday. A procession led by Md. Joynal Abedin and Professor Dr. Qazi Shahidul Alam, Directors and Mohammed…