Union Bank Limited has signed an agreement with Bangladesh Bank for disbursement loans at 4 percent profit under Tk.50 billion refinance scheme aimed at ensuring food security of the country, a press release said Monday. Governor of BB, Abdur Rouf Talukder, MD and CEO of Union Bank, A. B. M.
Tag: Bangladesh Bank
Pubali Bank signs deal with BB
Pubali Bank Limited has signed an agreement with Bangladesh Bank for disbursement of loans under the Tk 5,000 crore refinancing scheme aimed at ensuring food security of the country, a press release said Sunday. Mohammad Ali, MD (current charge) of Pubali Bank Limited, and Md. Abul Kalam Azad, director, agriculture
Islami Bank violates Shariah rules to borrow from BB
The Islami Bank Bangladesh Ltd. (IBBL) has borrowed Tk 8,000 crore from Bangladesh Bank (BB) violating the Shariah rules to tackle liquidity crisis. BB sources said the IBBL has been suffering from liquidity crisis for quite few months after dubious lending to some ghost companies with fake addresses. The bank also failed
BB creates Tk 10,000cr export facilitation fund
BB Heist: Probe report filing deferred to Feb 14
BB asks for actions by BASIC Bank to recover default loans
Bangladesh Bank has asked troubled BASIC Bank to make an action plan for the recovery of default loans and the funds that went out through lending irregularities. Central bank spokesman Mezbaul Haque said on Wednesday that Governor Abdur Rouf Talukder sat with the chairman, the managing director and other top executives
BB sees gross violation of rules by NRBC Bank
Bangladesh Bank’s (BB) inspection team has found gross violation of banking rules by the NRB Commercial (NRBC) Bank Ltd., with its Chairman Pervez Tamal and Managing Director Golam Awlia at the helm of all these irregularities, official sources said. According to the inspection report, the bank’s MD & CEO signed an
BB to formulate monetary policy twice a year
BRAC Bank, BB hold SEIP training programme
BRAC Bank in partnership with Bangladesh Bank started a month-long training programme to groom new and promising entrepreneurs of the Chattogram Hill Tracts region, a press release said Thursday. BB has initiated the capacity-building initiative under the Skills for Employment Investment Programme (SEIP) to nurture the up-and-coming entrepreneurs in the cottage,
BB allows MFS providers to bring remittances
Bangladesh Bank has allowed mobile financial service (MFS) providers to bring inward remittance, in order to increase remittance inflow. The foreign exchange policy department of Bangladesh Bank issued a circular in this regard on Tuesday. According to the circular, authorized dealers can make drawing arrangements directly with exchange houses abroad