The demand for cash has increased in the banking sector as businesses and individuals sought to withdraw money to make payments. As a result, banks are struggling to meet the huge demand for cash money every day for the last few weeks. According to Bangladesh Bank, the demand for call money was
Tag: Bangladesh Bank
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
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,
EBL, BB sign participation deal
Eastern Bank Limited (EBL) has signed a deal with Bangladesh Bank for the participation in Green Transformation Fund (GTF), a press release said Monday. Ali Reza Iftekhar, MD and CEO of EBL, and Abdur Rouf Talukder, Governor, BB, signed the agreement on behalf of their respective organization. The fund has