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

IBBL holds agent banking conference in Sylhet

Islami Bank Bangladesh Limited (IBBL) Sylhet zone has organized agent banking business development conference on Saturday at a hotel of Sylhet, a press release said. Mohammed Monirul Moula, MD and CEO of the bank, addressed the conference as chief guest. Md. Omar Faruk Khan, AMD, Md. Maksudur Rahman, head of

BB order on promotions in banks raises eyebrows

The central bank’s directive on getting banking diploma for promotions to the senior levels in banks raised many eyebrows as the institution providing the degrees is reportedly plagued with irregularities and corruption. The Bangladesh Bank (BB) on Wednesday made it mandatory for bank officials to obtain a banking diploma to be

Revitalising the NBFIs in Bangladesh

Mohammad Abdul Karim With the widespread anomalies and absence of good governance, scam-hit Non-Bank Financial Institutions (NBFIs) has put the economy of Bangladesh in an awkward situation. At present 33 Non-Bank Financial Institutions are working in Bangladesh. There are 2 are totally state owned, 15 are local private and 15 are joint

Friendship receives Superbrands award

Social Purpose Organization Friendship has received the Superbrands certification on February 11, 2022 at the Hotel Sheraton Dhaka, a press release said Sunday. The certificate was awarded in the non-government organisation category, in recognition of the exceptional work done by Friendship in the last 21 years. Aftab Ul Islam, director

BRAC Bank signs refinance deal with BB

BRAC Bank has signed a participation agreement with Bangladesh Bank (BB) to avail “Refinance Scheme for Ship Building Industry” in line with the government’s ‘Ship-Building Industry Development Policy 2021,’a press release said Wednesday. This low-cost BDT 2,000 crore Refinance Scheme has been introduced for the development, management and promotion of

BB, BRAC Bank hold awareness programme

Bangladesh Bank and BRAC Bank jointly organized an awareness programme about automated Foreign Currency (FC) clearing through RTGS System, a press release said Tuesday. BB initiated the session by presenting key features of automated FC clearing in the RTGS system and exchanging views with the customers who avail of the

BGCB signs deal with BB

Bengal Commercial Bank Limited (BGCB) has signed a participation agreement with Bangladesh Bank (BB) in the Tk10, 000 crore Export Facilitation Pre-financing Fund (EFPF) formed by BB, a press release said Monday. Abdur Rouf Talukder, Governor of BB, handed over the agreement document to Tarik Morshed, MD and CEO of

Prime Bank signs deal with BB

Prime Bank has signed an agreement with Bangladesh Bank (BB) recently to disburse loans among exporters from a newly formed Tk 10,000 crore export facilitation pre-finance fund of the central bank, a press release said Saturday. Hassan O. Rashid, MD and CEO of Prime Bank, and Abdur Rouf Talukder, Governor

NBL signs export fund deal with BB

National Bank Limited signed a participation agreement with Bangladesh Bank in the Tk 10,000 crore export support pre-financing fund formed by Bangladesh Bank on January 30, 2023, a press release said Wednesday. The agreement was signed on behalf of Bangladesh Bank by Maksuda Begum, Director of Banking Regulations and Policy