Banking | The Daily Star
  • BIBM proposes Tk 200cr credit guarantee scheme for SMEs

    The Bangladesh Institute of Bank Management (BIBM) yesterday proposed the government launch a Tk 200 crore credit guarantee scheme to encourage banks to lend more to small and medium enterprises.

  • Agent banking expands fast

    Agent banking, which takes banking services to the unbanked people, is going from strength to strength, with both deposit collection and loan disbursement on the rise.

  • Dhaka Bank CEO reappointed

    Dhaka Bank has recently witnessed the reappointment of Syed Mahbubur Rahman as managing director and CEO.

  • Bank Asia brings banking services to apparel workers

    Bangladesh's efforts to deepen financial inclusion took a step forward yesterday as Bank Asia launched the country's first-ever complete banking services on the premises of a garment factory.

  • Control by a few detrimental to banks

    Ownership of a number of banks by a few individuals and families has contributed to the deterioration of corporate governance in the banking industry and erosion of competitiveness of local lenders, a study said.

  • SMEs still under-utilised

    The potential of small and medium enterprises is yet to be fully utilised in Bangladesh although they have the ability to create numerous jobs and increase contribution to the gross domestic product, a study finds.

  • EBL receives IFC global awards

    Eastern Bank Limited (EBL) has recently received two global awards from International Finance Corporation (lFC) of World Bank Group.

  • Pakistan bank

    'Almost all' Pakistani banks hacked in security breach: FIA

    In a shocking revelation, the head of the Federal Investigation Agency’s (FIA) cybercrime wing says data from "almost all" Pakistani banks was looted in a recent security breach.

  • UK, German banks struggle in EU 'stress tests'

    British and German banks suffered the biggest potential financial hits in the latest round of "stress tests" released by EU regulators Friday, as risks such as Brexit and Italy's debts stalk Europe's economy.

  • StanChart gets new country CFO

    Standard Chartered Bangladesh has recently appointed its country chief financial officer (CFO).

  • Green growth requires green minds

    I am always at ease with the youths. I feel inspired whenever I get a chance to interact with them, be it in my class or in any programme.

  • Brac Bank Agent Banking Services

    Brac Bank offers agent banking

    Brac Bank has decided to go big with agent banking in a bid to get business by providing financial services to the unbanked.

  • Bangladesh deserves more attention than it gets

    Bangladesh should receive more attention than it gets as the country has been posting steady economic growth amidst various challenges and is set to grow even faster in the next decade, said a top banker of HSBC.

  • Bangladesh and World Bank's Financing Deal

    $300m WB loans to boost cash transfer for poor

    The government yesterday signed a $300 million loan agreement with World Bank to improve transparency and efficiency of its major cash transfer programmes for the poorest and vulnerable, including the elderly, widows and people with disabilities.

  • StanChart to play bigger role in Bangladesh

    Standard Chartered wants to play a larger role in fostering the economic, financial and social development of Bangladesh by promoting trade and investment and helping local companies go global, said the group chairman of the British lender.

  • Premier Bank posts 43.6pc rise in profits

    Premier Bank posted more than 15 percent growth in credit and deposit in the last one year, which helped the lender make a healthy profit.

  • Top management's failure at the heart of banking woes

    The current ailments in the banking sector -- such as soaring non-performing loan, liquidity crisis, loan scams and forgery -- are due to lack of strong leadership, said a top official of the central bank.

  • AB Bank MD steps down

    AB Bank Managing Director Moshiur Rahman Chowdhury yesterday handed in his resignation 17 months into his three-year term at the helm of the first generation private commercial bank.

  • Too many compliance reports raise costs for banks: paper

    Commercial banks have to submit scores of reports on compliance -- on average 263 a year -- to the central bank, which a new paper says do not reflect the reality but raise costs for the lenders.

  • SIBL gets new AMD

    Kazi Towhidul Alam has recently been appointed as the additional managing director of Social Islami Bank Ltd (SIBL).

  • Bangladesh Bank gold error

    Banks' board meetings should discuss scheduled issues only: BB

    Bangladesh Bank yesterday asked banks' directors not to take decisions in the board meetings on topics not included in the agenda of the day.

  • Savings tools once again trump bank products

    Savers have started to flock back to savings instruments with net sales hitting a six-month high in July as bank deposit products continue to yield underwhelming returns.

  • HSBC felicitates top exporters

    HSBC Bangladesh yesterday recognised six exporters for their leadership in promoting the country and contributing to its sustainable growth.

  • Seven banks in red zone

    Seven banks in 'red zone'

    The central bank is concerned about seven banks, including three state-run lenders, for their deteriorating financial health stemming largely from rising default loans and declining capital and profits.

  • Midland Bank elects chairman, vice chairman

    Lawmaker Nilufer Zafarullah has recently been elected chairman of Midland Bank.

  • DBBL awards scholarships to 3,031 students

    Dutch-Bangla Bank Ltd (DBBL) yesterday awarded scholarships to 3,031 meritorious and unprivileged students who passed SSC and equivalent examinations this year and are now studying at the higher secondary level.

  • 13 banks face Tk 10,971cr provision deficit

    Thirteen banks faced a combined provisioning shortfall of Tk 10,971 crore in the second quarter of 2018 which not only exposed their worsening financial health but also raised the possibility of lending rate hike.

  • Banking loopholes limit potential of stockmarket

    Bangladesh's stockmarket is being held back from reaching its potential because of the indiscipline in the banking sector, which has spoiled companies' attitude, said M Khairul Hossain, chairman of the Bangladesh Securities and Exchange Commission (BSEC).

  • IFIC Bank gets new DMD

    Md Monitur Rahman has recently been appointed as deputy managing director and chief of operations and information technology at IFIC Bank.

  • Lending thru' agent banking on the rise

    Lending through agent banking grew 12.32 percent to Tk 137.32 crore in April-June compared to a quarter ago with Bank Asia leading the pack.