More than Tk 240 crore worth of deposits remained unclaimed with the Motijheel office of the Bangladesh Bank (BB) for five years deom 2018 to 2022, official sources said. Of the amount, the central bank deposited Tk106 crore with the government treasury, BB sources said. Bank officials said when a client dies
Tag: Bangladesh Bank
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
Banks struggling with pressure of cash withdrawals ahead of Eid
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
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