Islami Bank Bangladesh PLC (IBBPLC) organized a discussion program on foreign currency deposit on 30 April 2024, Tuesday at Islami Bank Tower. Mohammed Monirul Moula, Managing Director of the bank addressed the program as the chief guest. Muhammad Qaisar Ali, Additional Managing Director of the bank addressed the program as
Tag: Deposit
17 banks facing severe liquidity crunch after violating lending limits
Despite Bangladesh Bank's initiatives to promote good governance in the banking sector, 17 banks have recently violated their loan disbursement limits, and are now embroiled in a severe liquidity crisis. Having been over-aggressive in providing loans, they are now unable to recover the loans and attract new deposits as desired, according
IBBL launches five new products
Islami Bank Bangladesh Limited has launched three deposit products named Mudaraba Education Savings Scheme, Mudaraba Expatriate Housing Deposit Scheme and Mudaraba Senior Citizen Monthly Profit Deposit Scheme and two investment products named Swapnokutir Semi pucca Housing & Swapno bunon Education Investment Scheme, a press release said Wednesday. Mohammed Monirul Moula
TerraPay announces partnership with BRAC Bank
Dutch payments infrastructure company TerraPay has formed a strategic alliance with Bangladesh’s BRAC Bank to provide international payments solutions. The partnership will enable Bangladeshi diaspora across the world to carry out real-time cross-border payments using TerraPay’s interoperability platform. TerraPay’s global merchant partner networks facilitate payouts to around 4.5 billion bank accounts and