Bangladesh Bank (BB) Governor Atiur Rahman has been awarded the “Central Banker of the Year 2015” for the Asia-Pacific. The Banker, a magazine of the London-based Financial Times, announced the award on Monday. Dr Atiur received the award for his…
Category: Banking
IBBL distributes warm clothes in capital
Islami Bank Bangladesh Limited (IBBL) distributed warm clothes among the cold-affected destitute in the city on Wednesday. IBBL Managing Director Mohammad Abdul Mannan distributed blankets at the bank’s head office.
IBBL Shariah committee meeting held
A meeting of the Shariah Supervisory Committee of Islami Bank Bangladesh Limited was held on Tuesday at Islami Bank Tower in the city. Mufti Sayeed Ahmad, Vice-chairman of the committee and Mufti of Al Jamiatus Siddikiah Darul Ulum (Madrasha-e-Furfura Sharif),…
Islami Bank opens 294th branch at Kapasia
Islami Bank Bangladesh Limited opened its 294th Branch at Kapasia Bazar in Gazipur on Sunday. Humayun Bokhteyar, ACPA, FCA Director of the Bank inaugurated the branch as the chief guest. Mohammad Abdul Mannan, Managing Director of the Bank, Khandakar Azizur…
Interest rate on agriculture, rural credits lowered
The interest rate on agriculture and rural loans has been lowered to 11 percent from 13 percent, under a Bangladesh Bank directive. A circular issued by the Banking Regulation and Policy Department (BRPD) of the central bank said that the…
IBBL donates warm clothes to PM’s relief fund
Islami Bank Bangladesh Limited (IBBL) has donated 50,000 pieces of winter clothes to the Prime Minister’s Relief Fund. Acting IBBL chairman Engineer Mustafa Anwar handed over the clothes to Prime Minister Sheikh Hasina at her official residence Ganobhaban on Saturday,…
Islami Bank opens 293rd branch at Dholaikhal
Islami Bank Bangladesh Limited opened its 293rd Branch at Dholaikhal here on Thursday. Engr. Mustafa Anwar, acting Chairman of the Bank, inaugurated the branch as the chief guest. Mohammad Abdul Mannan, Managing Director of the bank, presided over the inaugural…
Dr. Biru Paksha Paul joins BB as chief economist
Dr. Biru Paksha Paul has joined as Chief Economist of Bangladesh Bank. Dr. Paul is associate professor of economics at the State University of New York at Cortland. He completed his masters in economics from the University of Dhaka in…
Russian rouble in free-fall despite shock 17pc rate rise
Russia’s rouble went into free-fall in Tuesday trading, falling repeatedly to record lows, despite the central bank’s dramatic decision to raise interest rates from 10.5% to 17%. The rate rise was meant to strengthen the currency. It helped the rouble…
Illegal promotions in Sonali Bank?
There has been allegation of some illegal promotion in the Sonali Bank from the ranks of Deputy General Manager and General Manager. Those who received promotions have also joined their new post without proper approval, according to bank sources. Formerly…
IBBL hosts dinner for outgoing Saudi envoy
Islami Bank Bangladesh Limited organised a dinner in honor of outgoing Ambassador of Saudi Arabia to Bangladesh Dr. Abdullah Bin Naser Al Busairi at a local hotel on Saturday. The outgoing ambassador attended the program as the chief guest.
Businessmen take different faces as borrowers, lenders: Muhith
Minister for Finance AMA Muhith yesterday criticized the businessman and industrialists saying that they always speak for reducing bank loan interest rate for betterment of investment but the same persons do not want to reduce this debt rate when they…
Islami Bank opens 290th branch in Chittagong
Islami Bank Bangladesh Limited opened its 290th branch at Oxyzen More in Chittagong city on Sunday. Mohammad Monjur Alam, Mayor of Chittagong City Corporation inaugurated the branch as the chief guest.
Quality economic research stressed at Economic Forum confce
Bangladesh Bank and Bangladesh Economists’ Forum (BEF) jointly organized a workshop titled “Reflections on the First BEF Conference: Challenges Facing Economic Research in Bangladesh”. AHM Mustafa Kamal, minister for Planning, was the chief guest at the conference, Prof. Nurul Islam,…
IBBL gets ‘Small Entrepreneur Friendly Bank’ award
Islami Bank Bangladesh Limited has received the best ‘Small Entrepreneur Friendly Bank of the Year’ award. Finance Minister AMA Muhith handed over the crest of the award to Managing Director of the bank Mohammad Abdul Mannan at a function at…
3 BASIC Bank branches barred from disbursing loans
The central bank has prohibited three BASIC Bank branches in the capital from disbursing loans on charges of irregularities and corruption. The branches are Dilkusha, Shantinagar and Gulshan branches, a Bangladesh Bank spokesperson said on Monday.
BASIC Bank Managing Director sacked
Bangladesh Bank (BB) on Sunday removed BASIC Bank Limited Managing Director (MD) Kazi Faqurul Islam on charge of irregularities and corruption. Kazi Faqurul Islam has been removed with immediate effect as he indulged in financial irregularities while disbursing loans violating…
Basic Bank’s Gulshan branch to be shut: Muhith
Finance Minister AMA Muhith on Thursday said the operation of Basic Bank’s Gulshan branch will be closed because of corruption. “I must stop the operation of the Basic Bank’s Gulshan branch which got involved in massive corruption. The whole bank’s…
IBBL workshop on women entrepreneurship held in Bogra
Islami Bank Bangladesh Limited Bogra Zone organised a daylong workshop on Women Entrepreneurship Development in Bogra recently. Mizanur Rahman Jodder, General Manager of Bangladesh Bank, inaugurated the workshop as the chief guest. Presided over by Md Mosharraf Hossain, Executive Vice-president…
IBBL orientation for probationary officers
Islami Bank Bangladesh Limited organized an orientation program at Mohammad Younus Auditorium of Islami Bank Tower today (Monday) on the occasion of joining of 140 newly recruited probationary officers. Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of the bank was…
Charge sheet against 40 for Prime Bank graft
The Anti-Corruption Commission (ACC) yesterday approved a charge sheet against 40 people including some Prime Bank officials and businessmen over their alleged involvement with embezzlement of about Tk 93 crore from the bank, according to sources. “The ACC approved the…
IBBL opens 358th ATM booth in Uttara
The 358th ATM booth of Islami Bank Bangladesh Limited (IBBL) has been inaugurated at the Sector-11 of Uttara in the city recently.
Planning Minister finds nothing wrong with Islami Bank money
The government is taking Tk 10 billion from Islami Bank Bangladesh Limited for the Padma bridge project. And Planning Minister AHM Mustafa Kamal sees no problem with taking money from an institution that is operating as a legitimate bank. The…
Elected representatives of GB governing body slam Muhith
The elected representatives of Grameen Bank (GB) governing body on Monday deplored Finance Minister AMA Muhith’s remark that that the GB directors are not really elected. A statement issued by GB director Tahasina Khatoon on Monday said, “Recently, at a…
IBBL gets ‘ICMAB Best Corporate Award-2013’
Islami Bank Bangladesh Limited was awarded the “ICMAB Best Corporate Award-2013” by the Institute of Cost and Management Accountants of Bangladesh in private commercial banks (Islamic operation) category. Finance Minister Abul Maal Abdul Muhith handed over the award to Muhammad…
ACC scraps probe into non-funded part of Sonali loan scam
The Anti Corruption Commission (ACC) has revoked its ongoing probe into the non-funded part of the much-talked-about Sonali Bank loan scam as the anti-graft body found it out of its jurisdiction. “Sonali Bank and Bangladesh Bank will conduct probes in…
IBBL not involved in terror financing: IDB President
Visiting President of the Islamic Development Bank (IDB) Dr Ahmad Mohammad Ali on Monday said Islami Bank Bangladesh Ltd is not involved in terror financing in any way. He came up with the claim at a press conference at the…
IBCF holds seminar in city
Islamic Banks Consultative Forum (IBCF) held a seminar titled ‘Islamic Banking: Bangladesh Perspective’ in the capital on Sunday. Dr Ahmad Mohamed Ali, president of Islamic Development Bank (IDB) was present at the seminar as the chief guest.
Widen the role of Shariah Banking: BB Governor
Bangladesh Bank Governor Dr Atiur Rahman on Sunday praised the roles played by the shariah based Islamic Banks in Bangladesh and expressed the hope that the role of shariah based banking would be widened in Bangladesh’s inclusive, environmentally sustainable economic…
BB Governor for raising tax rebate ceiling on CSR activities
Bangladesh Bank governor Atiur Rahman on Saturday said the ceiling on tax exemption for Corporate Social Responsibility (CSR) activities by banks and financial institutions should be raised. “For enjoying the income tax rebate, I think, the minimum limit for expenditure…