Bangladesh Bank (BB) and BRAC Bank have signed an agreement to provide loan under refinancing facilities for the cottage, micro, small and medium enterprises (CMSMEs), a press release said Wednesday. BB has set up a fund amounting to Tk 25,000 crore to be disbursed through the participating banks and non-bank
Tag: Bangladesh Bank
The dancing dollar and the Bangladesh Bank
MDs of 6 banks served show-cause notices for dollar manipulation
Bangladesh Bank (BB) has issued show cause notices to the managing directors (MDs) of banks for their alleged involvement in dollar manipulation. Besides, investigation is going on against 12 other banks on the same allegation. After the removal of the treasury head of 6 banks, the central bank issued the show- cause
BB, BRAC Bank launches entrepreneurship training programme
BRAC Bank has formally launched intensive training for the second batch of promising business owners under the Entrepreneurship Development Programme of Bangladesh Bank, a pressrelease said Thursday. Bangladesh Bank has taken the lead in this capacity-building initiative under the Skills for Employment Investment Programme (SEIP) to groom the up-and-coming entrepreneurs in
BFIU sought illegal money info from Swiss banks repeatedly: BB
Bangladesh Financial Intelligence Unit (BFIU) repeatedly sought information from different countries including Switzerland about money laundered by Bangladeshis, said Bangladesh Bank (BB). In response to a query on Saturday regarding the recent statement of the Swiss Ambassador, Md Serajul Islam, executive director and spokesperson of BB, said, "I have nothing to
LC opening, settlement fall in July
The country witnessed a decline in both settlement and opening of Letter of Credits (LC) in July by 9.23 percent and 30.20 percent respectively following the government’s import cost containment policy, official sources said. LC settlements were worth $658 crore in July, which was $117 crore, or 9.23 percent, less than
BB launches Tk 25000cr refinance fund for small businesses
Bangladesh Bank (BB) has announced a refinancing scheme of Tk 25000 crore for cottage, micro, small and medium entrepreneurs. Under this scheme, banks and financial institutions can disburse loans through their own branches, sub-branches, agent banking, and mobile financial services (MFS). A BB circular in this regard was issued on Tuesday and
BB raises interest rate on borrowing from EDF
BB asks banks to provide special agri credit in flood-hit districts
Bangladesh Bank has instructed banks to give special attention to disburse agriculture loans at reduced interest rate in the flood affected districts. The Agriculture Credit Department (ACD) of the BB on Monday issued a circular asking banks to disburse 40 per cent of the remaining allocation of Tk3000 crore refinance scheme
Abdur Rouf Talukder becomes new Governor of Bangladesh Bank
Abdur Rouf Talukder has become the new governor of the Bangladesh Bank for the next four years replacing Fazle Kabir, whose tenure will end on July 4 next. The Financial Institutions Division under the Ministry of Finance today issued a notification announcing his recruitment in the post. Prior to this fresh appointment,