The Bangladesh Bank has recognisedIslami Bank Bangladesh Limitedfor disbursing the highest amount of investment under the government incentive scheme for agriculture sector. FazleKabir, governor of the central bank, handed over the recognition letter to Mohammed MonirulMoula, managing director and CEO of theIBBL, at a programme in the Bangladesh Bank office on
Tag: BB
BRAC Bank gets BB recognition for meeting agri-lending target
Bangladesh Bank has recognized BRAC Bank for its outstanding role in successful and timely disbursement of agriculture refinancing credit under Covid-19 Stimulus Package, a press release said Thursday. Bangladesh Bank Governor Fazle Kabir handed over a certificate of recognition to BRAC Bank’s Managing Director and CEO Selim R. F. Hussain at
BB struggles to meet growing demand for USD
Bangladesh Bank (BB) is struggling to meet growing demand for the US dollar amid a sharp rise in post-pandemic economic activities. The number of credit bonds or LCs for importing goods is increasing unusually. In the first nine months of the current FY 22 (July-March), traders have opened LCs worth
Bengal Commercial Bank signs agreement with BB on Automated Challan System
Bengal Commercial Bank and Bangladesh Bank have signed an agreement on Tuesday to collect Treasury Challan through Automated Challan System (ACS). Tarik Morshed, Managing Director & CEO of Bengal Commercial Bank and Md. Forkan Hossain, General Manager of Accounts & Budgeting Department of Bangladesh Bank signed the agreement on behalf of
BB to tighten exposure to single owner of large loans
Bangladesh Bank (BB) has fixed banks' single borrower and large exposure lending limit to within 25 per cent of its capital, reports UNB. The central bank issued the policy with a view to strengthening credit risk management of banks by limiting concentrated exposures and further improving the stability of the banking
New CSR guidelines focusing on Env, healthcare
The Bangladesh Bank has issued a new guideline on Corporate Social Responsibility (CSR) to focus more on healthcare and environmental issues. The guideline, issued on Monday is meant to ensure a sustainable development of the country. According to the new guideline, all scheduled banks and non-banking financial institutions (NBFIs) are allowed to
BB recognizes IPDC Finance for implementing Covid package
IPDC Finance has received official recognition from Bangladesh Bank for meeting Covid-19 stimulus loan disbursement targets of the first phase in FY 2020-21 for cottage, micro, small and medium enterprises (CMSMEs), said press release. The banks and financial institutions with loan disbursement targets of more than BDT10 crore were selected for
BB refuses to extend loan moratorium facility
BB recognizes BRAC Bank for disbursing COVID package
Bangladesh Bank has recognized BRAC Bank for its outstanding role in execution of the first phase of Covid-19 CMSME Stimulus Package in FY 2020-2021. Bangladesh Bank Governor Fazle Kabir handed over a certificate of acknowledgement to BRAC Bank’s Deputy Managing Director and Chief Operating Officer Md. Sabbir Hossain at a programme
BB asked to transfer foreign exchange reserve from US soon
Authorities have been asked to deposit Bangladesh’s foreign exchange reserve with banks other than America’s to avoid possible US sanctions in the near future. A legal notice has been served, in this regard, upon the government bodies concerned. It demanded that all necessary steps be taken to secure the reserve money