Islami Bank Bangladesh Limited (IBBL) has achieved Bangladesh Bank Remittance Award 2019 & 2020 on 12 may, 2022 (Thursday). Finance Minister A. H. M. Mustafa Kamal handed over the award to Mohammed Monirul Moula, Managing Director and CEO of IBBL at a program in Krishibid Institute, Dhaka. Fazle Kabir, Governor, Bangladesh
Tag: Bangladesh Bank
BB struggles to meet growing demand for USD
Bangladesh Bank (BB) is struggling to meet growing demand for the US dollar amid a sharp rise in post-pandemic economic activities. The number of credit bonds or LCs for importing goods is increasing unusually. In the first nine months of the current FY 22 (July-March), traders have opened LCs worth
BB offers credit guarantee facility for marginal groups
Bangladesh Bank has introduced a new credit guarantee facility to speed up loan disbursement to landless farmers, low income professionals, school banking account holders and small traders. The SME and Special Programmes Department of BB issued a circular on Sunday titled "Financial Services Credit Guarantee Scheme" in imitation of the existing
Bangladesh Bank allows AnonTex loan reschedules
Bangladesh Bank has permited Janata Bank to reschedule the loan of AnonTex Group. The much-talked-about loan will be regularise with special facilities at the state-run bank, according to source at BB. Anti Corruption Commission(ACC) has wrapped up the investigation against the group as allegations of money embezzlement proved 'wrong'. "BB has decided to
LankaBangla receives BB appreciation for stimulus loan disbursement
LankaBangla Finance Limited has received appreciation letter from Bangladesh Bank for achieving the targeted stimulus loan disbursement to CMSMEs in Fiscal Year 2020-2021. The appreciation letter was handed over to Managing Director & CEO of LankaBangla Finance Limited, Mr. Khwaja Shahriar by the Honorable Governor of Bangladesh Bank, Mr. Fazle Kabir. LankaBangla
Premier Bank receives accolade from Bangladesh Bank
Bangladesh Bank (BB) has given a letter of appreciation to The Premier Bank Limited commending them for their outstanding role in distributing 100% of Covid-19 CMSME Stimulus Package in the first phase against Bangladesh Bank given target, said a press release. Bangladesh Bank Governor Fazle Kabir handed over the accolade to
Bangladesh Bank opens new financing window for ‘no-frills
The central bank decides to introduce a new and unique component under an existing credit-guarantee scheme (CGS) for banks to lend to the minnows, nicknamed 'no-frills' accountholders, as per government policy for financial inclusion. A proposal to this effect was approved at a board-of-directors meeting of the Bangladesh Bank Thursday, against
MBL signs agreement with Bangladesh Bank
Bangladesh Bank and Mercantile Bank Limited signed an agreement held at Conference Room of Bangladesh Bank Head Office, Dhaka on “Refinance scheme for providing working capital loan/investment facilities to give salary to the employees of hotels, motels, theme parks of Tourism Sector”. Md. Quamrul Islam Chowdhury, Managing Director & CEO of
BB allows receiving remittances through OPGSPs
Bangladesh Bank (BB) has allowed receiving inward remittances through online payment gateway service providers (OPGSPs). The foreign exchange policy department of the central bank on Monday issued a circular approving the authorized dealers (ADs) banks to repatriate remittances through OPGSPs. The circular states that ADs are required to enter into an arrangement
NCC Bank signs agreement with Bangladesh Bank on ACS
NCC Bank Ltd. has signed an agreement with Bangladesh Bank on Automated Chalan System (ACS) at Bangladesh Bank on Thursday, a press release said. Under this agreement, individuals, organizations and customers will be able to deposit Taxes, VAT, Passport fee and other Government Treasury/fees directly to the Government Treasury using Automated