May 26, 2022
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Bank & Finance

Bank & Finance

  • Ensure smooth online service during Eid: BB

    Staff Correspondent: Bangladesh Bank has asked banks to ensure uninterrupted online transaction across the country during the Eid vacation.Md. Mesbahul Hoque, General Manager, Payment System Department (PSD) told yesterdaythat the central bank has instructed banks to ensure enough security for payment systems including ATM booths and internet payment gateways. The…

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  • Chinese company to invest $50m in BEPZA economic zone

    Industry Desk: Chinese Company Venus Beauty Limited is going to set up a hair fashion accessories manufacturing industry in Bangladesh Export Processing Zone Authority (BEPZA) Economic Zone with an investment of US$50 million.This fully foreign owned company will produce annually 226.09 million pieces of fashion accessories, plastic comb, mirror, headband,…

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  • StanChart completes Host-to-Host ERP connectivity in Bangladesh’s poultry sector

    Staff Correspondent: Standard Chartered Bangladesh has established a host-to-host (H2H) integration solution for Suguna Food and Feeds Bangladesh Private Limited (Suguna), one of the largest multinational feed companies operating in the poultry industry of Bangladesh.Standard Chartered Bank was the first to introduce the concept of host-to-host integration in cash management…

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  • Budget challenges need to overcome

    Allocations for mega projects likely to increase anew Golam Mostafa Jibon: The upcoming budget for Financial Year (FY) 2022-23 is being produced with the goal, which may be document of the next national parliamentary election for the government. Country’s people are expecting some good news in this budget with a…

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  • Banks are shy of capital
    market investment

    Despite BB instruction Staff Correspondent: Though the investment volume of banks in the capital market has increased, many are still far away from their investment limit.Despite the policy relaxation and enforcement of Bangladesh Bank (BB), 36 out of 61 scheduled banks of the country have invested in the stock market.Md…

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  • CAMELS Rating

    The performance ranking of banks Dr Enayet Karim: Review the key components of CAMELS rating, understand their meaning and their application to commercial banks. There are six elements:Capital adequacyAsset qualityManagement efficiencyEarningsLiquiditySensitivity to the market riskPurpose of CAMELS ratingsThe purpose of CAMELS ratings is to determine a bank’s overall condition and…

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  • Forex reserve crosses $44 b

    Industry Desk: Bangladesh’s forex reserves rose to $44.30 billion again after a month, thanks to growing inward remittance.The forex reserve fell to $43.89 billion on 6 March 2022 after paying import bills of $2.16 billion to Asian Clearing Union (ACU). It was the lowest forex reserves for Bangladesh in past…

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  • Remittances reached $160 m in March

    Staff Correspondent: Remittances, an important indicator of the economy, fell sharply in February this year. Even in the midst of the epidemic, the income of expatriates, which has been on the rise in the last financial year, shows the opposite picture in the month. However, remittances turned around again in…

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  • Fake note getting reckless
    ahead of Ramadan, Eid

    BB issues circular asking for monitoring Golam Mostafa Jibon: Members of fake note traders’ syndicate have become active again across the country ahead of holy Ramadan and Eid-ul-Fitr. Meanwhile, they have got down in the field with a view to spread the fake notes through their recruited agents. Such sensational…

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  • ICB Islami Bank’s
    losses double in ’21

    Industry Desk: The net loss of ICB Islami Bank Limited – a second-generation private bank – more than doubled in 2021 to Tk39.22 crore from Tk18.61 crore a year ago.Owing to deepening losses, the bank has declared no dividend for 2021, according to the bank’s disclosure on the Dhaka Stock…

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