Commercial banks have not brought down lending rates, despite a cut in interests on deposits, says the Bangladesh Bank.
Category: Banking
Central bank asks banks to give more loans to housing sector
The Bangladesh Bank has asked the banks to increase loan flow to the housing sector to help it overcome the current crisis.
Post-2015 negotiations: Are govts passing buck to businesses?
By Paul Quintos Perhaps one of the most critical discussions haunting the post-2015 agenda has to do with the question of “how”: How can such an ambitious plan be financed? Where will resources come from? At least for member states,…
High Court questions legality of letter vacating nine Grameen Bank director posts
The High Court has asked why the finance ministry letter vacating the posts of nine elected directors of Grameen Bank should not be declared illegal.
Mobile banking suspended for a day at EC’s request
Bangladesh Bank on Monday ordered the suspension of all mobile banking transactions from 5pm today (Monday) to 5pm Tuesday upon a request from the Election Commission (EC). Though the central bank earlier directed the institutions concerned to limit transactions through…
IBBL awarded Gold medal for remittance services
Islami Bank Bangladesh Lmited (IBBL) has been awarded Gold Medal for its outstanding contribution to the foreign remittance services of Bangladesh.
IBBL board of directors meeting held
A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held at the Board Room of Islami Bank Tower on Saturday . Engr. Mustafa Anwar, Chairman (Acting) of the Bank presided over the meeting. Local and foreign…
Mustafa Kamal joins Muhith to disagree with World Bank forecast
Planning Minister AHM Mustafa Kamal has joined Finance Minister AMA Muhith to dismiss the Wold Bank’s forecast on the country’s growth prospects.
7 former Oriental Bankers convicted for loan scam
A Dhaka court on Monday sentenced seven former officials of Oriental Bank to 10 years’ imprisonment with a fine of Tk one crore ninety lakh in a loan scam case. Judge Hosne Ara Begum of Dhaka’s Special Judge Court-2 pronounced…
China blocking North Korea’s entry to int’l bank
China blocking North Korea entry to int’l bankChina is not allowing North Korea to become a member of the newly established Asian Infrastructure Investment Bank (AIIB), sources told the financial news site Emerging Markets. The new bank, proposed by the…
IBBL-SSL Wireless launch online payment services
Islami Bank Bangladesh Limited with the technical support of mobile-based service provider SSL Wireless launched online payment service through internet and mobile banking. The service was inaugurated at Islami Bank Tower in the city on Tuesday, said a press release.
Role of private sector in disaster preparedness
Dr Atiur Rahman Both the public and the private sector have the responsibility to make their services more humane, and respond to any disaster or human losses as part of their social responsibilities. Recognising that without embracing the disadvantaged population segments into…
Khaleda summoned in son late Koko’s loan default case
A Dhaka court on Sunday summoned BNP Chairperson Khaleda Zia, late Arafat Rahman Koko’s wife and his two minor daughters to appear to the court in the case filed for the default loan of Dandy Dying Limited on April 12.…
IBBL Board suggests 15 pc dividend for 2014
The Board of Directors of Islami Bank Bangladesh Limited (IBBL) has recommended a 15 percent cash dividend for the shareholders for the year 2014 subject to approval at the 32nd Annual General Meeting of the bank. This was decided in…
World Bank approves new interest-free loan for Bangladesh
The World Bank board has approved $200 million “interest-free” loan to Bangladesh to execute livelihood projects.
IBBL Shariah Supervisory Committee meeting held
A meeting of the Shari’ah Supervisory Committee of Islami Bank Bangladesh Limited was held on Thursday at Islami Bank Tower. Sayeed Ahmad, Vice Chairman of the Committee and Mufti of Al Jamiatus Siddikiah Darul Ulum (Madrasha-e-Furfura Sharif) presided over the…
IMF Mission conducts research seminar at BB
The members of the IMF Mission presented several research papers on lending rates in Bangladesh, trade elasticity, inflation and economic activities in Bangladesh on March 9, 2015 at Bangladesh Bank Head Office. Chief Economist’s Unit of Bangladesh Bank organized the…
BB plans making banking sector paperless
Bangladesh Bank (BB) has planned making the country’s banking sector paperless, which will be a big step forward towards green transformation of the financial sector.
The poor man’s economist
By Jonathan Meaney, staff writer at The Worldfolio The central bank governor of Bangladesh Dr. Atiur Rahman has been lauded for his contribution towards promoting socially and environmentally responsible financing in Bangladesh without compromising macroeconomic stability. The perception of bankers…
IBBL, Accuity sign deal for anti-money-laundering compliance
Islami Bank Bangladesh Limited and Accuity, an UK based Anti-money Laundering (AML) compliance solutions provider signed an Agreement on March 1, 2015 at Islami Bank Tower in Dhaka to formally acknowledge the successful implementation of Accuity’s Compliance Link solution for…
Governor Dr. Atiur Rahman receives The Banker award
Bangladesh Bank Governor Dr. Atiur Rahman received the ‘Central Bank Governor of the Year- Asia Pacific, 2015’ award by the London-based Financial Times owned magazine, ‘The Banker’ for his significant contribution towards promoting socially and environmentally responsible financing in Bangladesh…
Muhith slams Islamic banking, finds it ‘fraudulent’ but popular
Criticising the perception of Islamic banking, Finance Minister AMA Muhith on Sunday termed it ‘fraudulent’ one set up on ‘wrong perception’. Responding to a question from Habibur Rahman Mollah (Dhaka-5) in parliament, he said, “The system appears to me absolutely…
For high quality of corporate governance
Dr Atiur Rahman Attaining high quality of corporate governance is important for creating and maintaining investor confidence in corporate businesses and much more so for banks as they are highly leveraged and engaged in risk bearing investments with depositors’ funds…
IBBL board meeting held
A meeting of the Board of Directors of Islami Bank Bangladesh Limited (IBBL) was held at the Board Room of Islami Bank Tower on Saturday. IBBL acting Chairman Engineer Mustafa Anwar presided over the meeting. Local and foreign directors along…
IBBL gets ICMAB Best Corporate Award
Islami Bank Bangladesh Limited was awarded the “ICMAB Best Corporate Award-2014” by the Institute of Cost and Management Accountants of Bangladesh in Private Commercial Banks (Islamic operation) category.
Banks need prior approval for foreign outsourcing of work
Any outsourcing outside Bangladesh will require prior approval of Bangladesh Bank under Section 12 of the Bank Company Ain, 1991 regardless of the fact that the specified functions is conducted by or data is provided to an unrelated third party…
BB lifts restrictions on setting up ATMs
The Bangladesh Bank (BB) on Tuesday lifted the restriction on installing electronic banking booths including ATMs (automated teller machines). Issuing a circular, the central bank suggested to all banks that they would no longer require to seek BB’s permission to…
IBBL business development conference being held in Dhaka
A 2-day Business Development Conference of Islami Bank Bangladesh Limited which began at a city hotel on Saturday is now is progress. Engr. Mustafa Anwar, acting chairman of the bank, was present as the chief guest in the inaugural ceremony…
Banks asked to assess terror financing risks in three months
The banks in Bangladesh were on Thursday issued guidelines to assess risks of money laundering and terrorist financing in their operations, and were given by three months to complete such assessment 31 March. The output of this assessment will be…
Efficient, IT-based banking must of stability: BB Governor
Bangladesh Bank Governor Dr. Atiur Rahman on Thursday inaugurated an online payment gateway of Bank Asia and Payonees in Dhaka. Given below is part of the statement he made at the function: I am happy to see Bank Asia, one…