The provision shortfall in the banking sector of Bangladesh refers to the difference between the amount of money required to be set aside for bad loans and the actual amount of money set aside by the banks. A provision shortfall refers to a situation where a financial obligation or liability
Tag: Financial
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
FSIBL signs deal with SHIFT Financial
First Security Islami Bank Ltd. (FSIBL) and SHIFT Financial Services Ltd. have signed remittance drawing agreement recently at the head office of SHIFT Financial Services Ltd., a press release said Saturday. Syed Waseque Md. Ali, MD of FSIBL and Mohannad Fouzie Mahrat, CEO of SHIFT Financial Services Ltd.signed the agreement
IBBL holds board meeting
A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held Wednesday at the virtual platform, a press release said. Professor Md. Nazmul Hassan, Chairman of the bank presided over the meeting. Yousif Abdullah Al-Rajhi and Md. Shahabuddin, Vice Chairmen, Dr. Areef Suleman, representative of Islamic Development