Bank News
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Ahsan Mansur new Brac Bank chairperson
Economist Ahsan H Mansur has recently been elected as the new chairperson of Brac Bank.He is succeeding Sir Fazle Hasan...
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Mi Power bank 2i review: Super-fast charging in your pocket
Power banks hit a low when smartphones started adopting bigger batteries with fast charging support. The whole point of having...
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Padma Bank struggles to return fixed deposits
The Bangladesh Inland Water Transport Authority Employees’ Pension Fund had parked Tk 17 crore as fixed deposit with the Motijheel...
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Trade deficit shrinks on low imports
Trade deficit narrowed down to 15 percent last fiscal year thanks to a decline in imports and steady growth of...
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BB policy sparks flurry of loan write-offs
Loan write-offs almost quadrupled in the first quarter of the year on the back of the central bank’s easing of...
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Govt’s borrowing from banks almost half of its plan
The government’s bank borrowing last fiscal year was almost half of what it had planned to, thanks to its lower...
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BB plans uniform method to calculate cost of funds
The central bank is set to come up with a new formula for calculating the cost of funds for banks...
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Want to be the best bank within 5 years
At a time when many banks are struggling to arrest default loans stemming from a lack of corporate governance, Pubali...
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Prime Bank’s half-year profit rises 28pc
Prime Bank’s consolidated profit rose 28 percent year-on-year to Tk 99 crore in the first half of 2019, the bank...
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Mehmood Husain NRB Bank CEO for second term
Md Mehmood Husain has been reappointed managing director and CEO of NRB Bank for a second term.Husain started his banking...
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Kamal to sit with private banks Sunday
Finance Minister AHM Mustafa Kamal will sit with the chairmen and managing directors of private banks on Sunday to discuss...
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5 more hospitals fined for overcharging, anomalies
A mobile court handed Tk 18 lakh fine to five more hospitals and diagnostic centers in the capital city, on...
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Loan recovery falters in first quarter
Banks’ loan recovery in the first quarter of 2019 was 9.68 percent higher than a year earlier, but given the...
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City Bank’s half-year profit soars 33pc
The City Bank’s consolidated profit rose around 33 percent year-on-year to Tk 184.56 crore in the first half of 2019.The...
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Brac Bank’s half-yearly profit down 12pc
Brac Bank’s consolidated profit dropped 12 percent in the first half of 2019 despite maintaining good growth in deposits and...
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A challenging time for monetary policy
Bangladesh has made substantial progress in achieving price and macroeconomic stability. It has succeeded in maintaining inflation in modest single...