A Dhaka court on Tuesday sentenced seven former officials of Oriental Bank to life term imprisonment for embezzlement of Tk 1.7 crore in the name of disbursement. Judge Dr Mohammad Akhtaruzzaman of Dhaka’s Special Judge Court-5 pronounced the verdict in…
Islami Bank Bangladesh Limited has opened its 296th Branch at Kalkini under Madaripur District. Enrg. Md. Eskander Ali Khan, Chairman, Executive Committee of the Bank inagurated the branch as the chief guest on August 20, 2015 Thursday.
Islami Bank Bangladesh Limited and Commerzbank AG, Germany jointly organised a two-day seminar on “Development of Technical Expertise on International Trade Finance” at the Islami Bank Tower on August 7-8. IBBL Managing Director Mohammad Abdul Mannan was present at the…
Senior bankers have asked their newly recruited juniors to follow the basic concepts in banking activities strictly to gain professionalism in the sector.
A meeting of the Shariah Supervisory Committee of Islami Bank Bangladesh Limited was held at the Islami Bank Tower here on Sunday. Mufti Sayeed Ahmad, Vice-Chairman of the Committee and Mufti of Al Jamiatus Siddikiah Darul Ulum (Madrasah-e-Furfura Sharif), presided…
Keeping in continuity of earlier policy Bangladesh Bank (BB) declared the new monetary policy for the first half of FY16 that helpful for investment. New monitory policy stance for the first half of FY 16, will stabilise inflation at moderate…
Bad or default loans amounting to Tk 62.61 billion were written off by banks in the calendar year 2014. These loans were written off when they became adversely classified. In CY13, about Tk 62.97 billion was written off. This was…
Anti-Corruption Commission yesterday interrogated managing director of BASIC Bank Limited Khondoker M Iqbal about the alleged loan scam of Tk 3,500 crore. Former managing director Fakhrul Islam ignored the commission notice and did not appear before the anti-graft watchdog. A…
The Brics group of emerging economies on Tuesday launched its New Development Bank (NDB) in Shanghai. The bank is backed by Brazil, Russia, India, China and South Africa – collectively known as Brics countries. The NDB will lend money to…
Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a…
Greek banks are reopening after three weeks of closures sparked by the deadlock over the country’s debt. Athens reached a cash-for-reforms deal aimed at avoiding a debt default and an exit from the eurozone. But many restrictions remain, including a…
Branches of scheduled commercial banks dealing with readymade garment industry will remain open on July 15 to facilitate payment of salaries and festival bonus of the RMG employees.
Islami Bank Bangladesh Limited Gulshan Branch organised a discussion on ‘Role of Mahe Ramadan in purifying wealth and soul’ at the branch premises on Saturday. Engr. Md. Eskander Ali Khan, Chairman, Executive Committee of the Bank addressed the program as…
Islami Bank Bangladesh Limited International Banking Wing organised a view exchange meeting and Iftar Mahfil in honor of local correspondents of foreign exchnge houses at a local hotel on 8 July 2015. Md. Mahbub ul Alam, Deputy Managing Director of…
The Greek government has extended bank closures and a €60 (£43; $66) daily limit on ATM withdrawals until Monday. The curbs were imposed on 28 June, after a deadlock in bailout talks with creditors led a rush of withdrawals. The…
A growing number of developing countries, including Bangladesh, are investing in social safety net programmes to improve the lives and livelihoods vulnerable people, yet around 55 percent of the world’s poor or 773 million people with acute needs still lack…
Greece’s outspoken finance minister has resigned, hours after voters backed his call to reject creditors’ demands for more austerity in a referendum. Yanis Varoufakis said it was felt his departure would be helpful in finding a solution to the country’s…
Greek voters have decisively rejected the terms of an international bailout. The final result in the referendum, published by the interior ministry, was 61.3% “No”, against 38.7% who voted “Yes”. Greece’s governing Syriza party had campaigned for a “No”, saying…
BB Governor Dr. Atiur Rahman met senior green economy experts Hans-Peter Egler and Daniel Wiener from ECOS (ecology, economy and social responsibility), a subsidiary of Global Infrastructure Basel (GIB) Foundation based on Basel in a sideline event during the Annual…
Stock markets in Europe and Asia have seen big falls after Greece closed its bank and imposed capital controls. Greek authorities took the move after the European Central Bank decided not to extend emergency funding. London’s FTSE 100 index fell…
A meeting of the Shariah Supervisory Committee of Islami Bank Bangladesh Limited (IBBL) was held at Islami Bank Tower on Sunday. Mufti Sayed Ahmad, Vice-Chairman of the Committee and Mufti of Al Jamiatus Siddikiah Darul Ulum (Madrasha-e-Furfura Sharif) presided over…
A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on Saturday at Islami Bank Tower. Engr. Mustafa Anwar, Chairman of the Bank, presided over the meeting. Local and foreign Directors along with Mohammad Abdul Mannan,…
Bangladesh is set to sign the Articles of Agreement (AoA) of the Asian Infrastructure Investment Bank (AIIB) on June 29 in Beijing in which the country is expected to get less than one percent or 0.6729 percent shares of the…
Swiss prosecutors are investigating 53 cases of possible money laundering in their inquiry into bidding for the 2018 and 2022 Fifa World Cups. Attorney General Michael Lauber said the incidents had been reported by Swiss banks. He said his office…
Islami Bank Bangladesh Limited approved 15% cash dividend for the shareholders for the year 2014. The dividend was approved in the 32nd Annual General Meeting of the Bank held on June 13 Saturday at Bangabandhu International Conference Centre, Dhaka. Engr.…
Standard & Poor’s (S&P) its annual rating review reaffirmed the BB- rating for Bangladesh and also kept its ‘stable outlook’ for the sixth consecutive year. “We are affirming our ‘BB-/B’ foreign and local currency sovereign credit ratings on Bangladesh, the…
Abdus Sadeque Bhuiyan, head of International Banking Wing and Md. Shamsuzzaman, head of Information & Communication Technology Wing of Islami Bank Bangladesh Limited have been promoted as Deputy Managing Directors of the bank.
Several daily newspapers have reported Honorable Prime Minister’s alleged remarks about Nobel Peace Laureate Professor Muhammad Yunus on 5 May, 2015 at the meeting of the Executive Committee of National Economic Council. We are shocked by the alleged comments, since…
A gang of robbers who staged a bank robbery in Bangladesh last month in which nine people were killed have been termed Islamist militants who did the crime in order to fund their operations, police said on Wednesday. At least…
Rajshahi Krishi Unnayan Bank ( RAKUB) has disbursed Taka 1208 crore as loan for boosting rural economy besides creating employment through enhancing agricultural and non-agricultural production in the country’s north-western region during the first nine and half months of this…