StanChart completes automated loan disbursement programme

Standard Chartered Bangladesh has completed Bangladesh's first automated over-the-weekend loan disbursement under its distributor finance program. The first client to receive the funds from a distributor financing loan on a weekend was Nestle, Bangladesh Limited, said a press release. It has been a long-standing demand from clients to arrange for disbursement of

Country seeks $2.0b in budget aid from WB, ADB

The government has requested $2.0 billion from the World Bank and the Asian Development Bank in budget aid to prop up the economy on the edge due to the Ukraine-Russia war following the pandemic. Bangladesh asked for fund assistance of $1.0 billion from the ADB and $750 million from the World

EBL donates Tk. 3m to PM’s education trust fund

Eastern Bank Ltd. (EBL) has donated Tk 3 million to Prime Minister's Education Assistance Trust fund as part of its corporate social responsibility, a press release said Saturday. The cheque was handed over to Kazi Delwar Hossain, Director of the trust by Ziaul Karim, head of communications and external affairs

EU gives EUR 46.12m for Bangladesh education sector

The European Union (EU) has provided EUR 42 million or Tk 423 crore to the government of Bangladesh to support key national reforms in the education sector. With this grant, the EU recognises and supports the government's commitment to the development of human capital, the eradication of poverty and inequalities, along