Dhaka, May 22 – The Asian Development Bank has recorded a net income of $1.554 billion in 2019, up from $750 million in 2018. The Bank Board of Governors in its first-ever virtual Annual Meeting held amid the novel coronavirus…
Tag: Banking
AIIB approves $ 250mn loan for Bangladesh to fight COVID-19
The Asian Infrastructure Investment Bank (AIIB) has approved a USD 250 million loan for Bangladesh as the country grapples with the fallout of novel coronavirus or COVID-19.
Banks to remain open Friday, Saturday
Banks have been asked to continue operation on Friday (May 22) and Saturday (May 23) in the industrial areas to facilitate payment of wages to garment workers before Eid and also continue export import activities.
IBBL Noakhali Zone holds Business Development Conference through video conference
Noakhali Zone of Islami Bank Bangladesh Limited organized Business Development Conference trough video conference on 17 May 2020, Sunday. Md. Mahbub ul Alam, Managing Director and CEO of the bank addressed the conference as chief guest. Mohammed Monirul Moula, Muhammad…
IBBL Shari`ah Supervisory Committee meeting held
An online meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh Limited was held on 9 May 2020, Saturday.
BB asks banks not to take interest for April, May
DHAKA, May 3, 2020 (BSS) – Bangladesh Bank (BB) has instructed all banks to transfer the interest or profit for the month of April and May against the existing loans or investments to transfer an interest free blocked account and…
US dollar credit outside US grew by 6% in 2019, says BIS
Geneva, 29 Apr (Kanaga Raja) – US dollar credit to non-bank borrowers outside the United States grew by 6%, to reach $12.2 trillion at end-2019, the Bank for International Settlements (BIS) has said.
Islami bank official tests coronavirus positive in Sunamganj
A branch office of Islami BanK was put under lockdown in the district town after one of its official was diagnosed with coronavirus on Tuesday.
Banking hours to be 10am-1pm from April 19: BB
Economy Reporter Bangladesh Bank (BB) has fixed the banking hours from 10am to 1pm from April 19 amid the general holidays.
Asian Dev Bank triples COVID-19 response package to $20bn
The Asian Development Bank (ADB) on Monday tripled the size of its response to the novel coronavirus disease (COVID-19) pandemic to $20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance.
Bank branches in lockdown area to remain closed
News Desk Bangladesh Bank (BB) has instructed all banks to shut down their branches in the areas put under lockdown by the government or local administration to prevent the spread of coronavirus.
BB asks to open MFS accounts for industry workers
News Desk Bangladesh Bank (BB) has issued an instruction on opening mobile financial service (MFS) accounts for all workers and employees of export-oriented industries and factories by April 20 to facilitate providing salaries and allowances from government’s financial package.
BB for ensuring bank employees’ smooth movement
News Desk Bangladesh Bank (BB) has requested the Home Affairs Ministry to take necessary steps for ensuring smooth travel of bank employees during the ongoing general holidays in the wake of coronavirus out break.
BB calls applications for Tk 5,000cr stimulus package
News Desk Bangladesh Bank (BB) has called applications from all the scheduled banks for receiving low cost fund from Taka 5,000 crore stimulus package for the export-oriented industries announced earlier by Prime Minister Sheikh Hasina to help those overcoming the…
Dhaka’s Banks start executing single digit lending rate
Banks in the countries started implementing single digit 9 percent interest rate for all kinds of loans except credit cards in compliance with the government directives.
Islami Bank inaugurates Mujib Corner in Khagrachari
Islami Bank Bangladesh Limited inaugurated Mujib Corner at its Khagrachari Branch on the occasion of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
Banks to release foreign exchange of travelers’ int’l cards
Economic Reporter Bangladesh Bank (BB) has instructed all banks to release foreign exchange within the permissible limit of travel or medical entitlement in their international cards.
Islami Bank inaugurates Mujib Corner in Bogura
Islami Bank Bangladesh Limited inaugurated Mujib Corner at its Bogura Branch on the occasion of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
Banks to remain open from tomorrow
Banks will remain open in limited scale from tomorrow to facilitate the financial transaction for their clients though the government has declared general holidays from March 29 to April 2.
World Bank, IMF call for debt relief to poorest Countries
WASHINGTON, March 25, 2020— The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries:
Islami Bank inaugurates sub-branch at Nabinbag, Dhaka
Islami Bank Bangladesh Limited inaugurated its Nabinbag sub-branch under its Khilgaon Branch at Nabinbag, Dhaka on 22 March 2020, Sunday. Mohammed Monirul Moula, Additional Managing Director of the Bank inaugurated the sub-branch as chief guest. Presided over by Mohammod Ullah,…
Islami Bank inaugurates sub-branch at Postagola of Dhaka
Islami Bank Bangladesh Limited inaugurated Postagola sub-branch under its Shyampur Branch 22 March 2020, Sunday at Postagola, Dhaka. Md. Omar Faruk Khan, Additional Managing Director of the Bank inaugurated the sub-branch as chief guest. Presided over by Abu Sayed Md.…
Islami Bank inaugurates sub-branch at Niketon Bazar of Dhaka
Islami Bank Bangladesh Limited inaugurated its Niketon Bazar sub-branch in Dhaka on 18 March 2020, Wednesday at Niketon Bazar, Dhaka. Mohammed Monirul Moula, Additional Managing Director of the Bank inaugurated the sub-branch as chief guest. Abu Reza Md. Yeahia, Deputy…
IBBL Inaugurates Mujib Corner at its Bandarban Branch
Islami Bank Bangladesh Limited inaugurated Mujib Corner at its Bandarban Branch on the occasion of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Professor Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Executive Committee of the Bank…
Islami Bank inaugurates sub-branch at Malibag, Dhaka
Islami Bank Bangladesh Limited inaugurated its Malibag sub-branch in Dhaka on 15 March 2020, Sunday at DIT Road, Malibag Chowdhurypara in Dhaka. Md. Mahbub ul Alam, Managing Director and CEO of the Bank inaugurated the sub-branch as chief guest.
Islami Bank inaugurates Mujib Corner at Head Office
Islami Bank Bangladesh Limited inaugurated Mujib Corner at its Head Office Islami Bank Tower on the occasion of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Professor Md. Nazmul Hassan, PhD, Chairman of the Bank inaugurated…
Islami Bank inaugurates sub branch at Jumur Station, Laxmipur
Islami Bank Bangladesh Limited inaugurated its Laxmipur Jumur Station sub branch at Laxmipur district on 9 March 2020, Monday. Deputy Commissioner of Laxmipur District Anjon Chandra Paul inaugurated the sub branch as chief guest. Presided over by Mahmudur Rahman, Senior…
ECB under pressure to cut rate over coronavirus after Fed move
The European Central Bank (ECB) is under pressure to follow the US Federal Reserve and cut interest rates when it meets on Thursday, economists said.
Tk 200 notes from March 18 marking ‘Mujib Year’
DHAKA – Bangladesh Bank (BB) is going to issue regular currency notes and commemorative notes of Taka 200 from March 18 marking the birth centenary celebration of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Besides, the central bank will…
Islami Bank receives prize for Excellence in Stall Design at US trade show
Islami Bank Bangladesh Limited has received prize for “Excellence in Stall Design” at the US Trade Show-2020 organized by the American Chamber of Commerce in Bangladesh. Md. Mahbub ul Alam, Managing Director and CEO, Md. Omar Faruk Khan, Additional Managing…