Country’s unrealised export proceeds stand at $1.4b: BB

The country's unrealised export currently stands at $1.4 billion, according to the Bangladesh Bank (BB). Majbaul Haque, the central bank spokesperson, said this figure reflects the country's export income that is yet to be repatriated. Addressing recent news reports on the matter, Haque claimed that there was no observation from the International

Prime Bank signs deal with BB

Prime Bank has recently signed an agreement on ‘AIIB Funded COVID-19 Emergency and Crisis Response Facility Project (CECRFP, L0415-A)’ for availing refinance facility against Government Stimulus Package for the CMSME sector at BB head office, a press release said Tuesday. Md Abdul Wahab project director (CECRFP), SME and special programs

SJIBL signs deal with BB

Shahjalal Islami Bank Limited (SJIBL) signed a participation agreement with Bangladesh Bank under Covid-19 Emergency and Crisis Response Facility Project (CECRFP) on 09th April 2023 in a ceremony organized at the head office of BB, a press release said Tuesday. The Asian Infrastructure Investment Bank (AIIB) has funded a refinancing

Pubali Bank signs deal with BB

Pubali Bank Limited has signed a participation agreement with Bangladesh Bank under a USD300 million refinancing fund, a press release said Monday. The fund was launched under the name of the Covid-19 Emergency and Crisis Response Facility Project (CECRFP) by the Asian Infrastructure Investment Bank to deal with the liquidity

Import LC openings fall $14b in Jul-Feb’FY23

Opening letters of credit (LCs) for imports fell by around $14 billion, or 23.45% year-on-year in the first eight months of the current FY23 due to the central bank's restrictions as well as a decrease in export orders. Bangladesh Bank data showed that LCs worth $45.52 billion were opened during the

Mokammel reappointed as Union Bank MD

A.B.M. Mokammel Hoque Chowdhury has been reappointed as the MD of Union Bank Limited, a press release said Monday. Prior to the reappointment, he served the Bank in the capacities of MD from 2020. Before that, he was the AMD and DMD of the bank. He started his illustrious banking career as a

BB, FSIBL sign deal

Bangladesh Bank and First Security Islami Bank Limited (FSIBL) recently signed a participation agreement on ‘Green Transformation Fund’ , a press release said Wednesday. Abdur Rouf Talukder, Governor of BB, and Syed Waseque Md Ali, MD of FSIBL, signed the agreement on behalf of their respective organizations. Kazi Sayedur Rahman,

Prime Bank signs deal with BB

Prime Bank has signed an agreement with Bangladesh Bank (BB), at BB headquarters, a press release said Tuesday. The deal is for disbursing loans for export-oriented and production-based industries from a Tk 5,000 crore ‘Green Transformation Fund’ of the central bank. Faisal Rahman, AMD of Prime Bank, and Abdur Rouf

Pubali Bank signs deal with BB

Pubali Bank Limited has signed an agreement with the Bangladesh Bank regarding participation in Green Transformation Fund (GTF), a press release said Monday. BB has launched the Green Transformation Fund (GTF), Tk 5,000 crore refinance fund, to accelerate green practices and sustainable growth in export-oriented and manufacturing companies. BB Governor,