Bank & Finance
Bank & Finance
Debt repayment pressure ahead
Zarif Mahmud: As time goes by, the debt repayment pressure will increase. And Bangladesh is taking loans again. As a result, the pressure will continue to increase. Analysts say there are several projects in foreign debt that have been overrun. Bangladesh will have to pay the price.According to the Finance…
Read More »Reserve decreased by more $5 m
Staff Correspondent: The country’s foreign exchange reserves are decreasing at a steady pace. In the space of a week, the reserve as a gross decreased by $5 million. A net decrease of $ 1.0 million. Net reserves fell as another $40 million was withdrawn from reserves and invested in various…
Read More »Banks are fear of cyber-attack risk
Enhanced security measures Mahfuz Emran: Banks have taken extensive precautionary measures in view of the threat of cyber-attacks in the digital world of Bangladesh.They are working round-the-clock on the security of the database as well as making the customers aware. Keeping a close eye on own web pages and server…
Read More »Hackers sent deceptive email for BB money heist
Industry Report: The hackers sent a phishing e-mail message before stealing the reserves to hack the central bank’s servers. The message was answered from the computer device used by AFM Asaduzzaman, then General Manager of the Central Bank Governor’s Secretariat.The sender Russell Ahlam sent a cover letter and a resume…
Read More »Dollar being sold at highest price
Syed Nasir Hossain: The dollar crisis is still evident in commercial banks. This crisis has been going on for almost a year and a half. Various measures to increase the supply of dollars are not working. Meanwhile, banks are struggling to meet outstanding loans and import expenses. As supply falls…
Read More »BD warned of cyber-attack on 15 August
– Warning issued by CIRT– Bangladesh and Pakistan targeted Staff Correspondent: A group of hackers have threatened a ‘storm’ of cyber-attacks in Bangladeshi cyberspace. The hackers set 15 August as probable date to hit the cyberspace of the country. Bangladesh e-Government Computer Incident Response Team (BGD e-GOVT CIRT) has issued…
Read More »Dollar rose in all sectors
Staff Correspondent: The price of dollar has increased from 50 paise to one taka in all sectors. The new dollar rate has come into effect in commercial banks from Tuesday. Now the export income has increased by one taka to Tk 108.50 and the price of dollar in remittance has…
Read More »8 banks failed to achieve agro loan targets
Staff Correspondent: A total of 8 banks could not achieve the target of agricultural and rural credit distribution in the last financial year 2022-23. Among them are one government and seven private banks.The banks are – state-owned Basic Bank, private sector AB Bank Limited, First Security Islami Bank, Global Islami…
Read More »NPL of SoBs increased by Tk 3,000 cr in a year
Staff Correspondent: In the space of one financial year, the defaulted loans of state-owned banks have increased by Tk 3,000 crore. In the financial year 2021-22, the defaulted loans were Tk 55,920 crore, which increased to Tk 58,920 crore in the outgoing financial year (2022-23). According to the Finance Ministry’s…
Read More »Bangladesh ranks fastest growing economy in Asia
Staff Correspondent: Bangladesh has been named the fastest growing economy in the Asia-Pacific economies, out of 32 countries, according to the latest report published (as of June 2023) by World Economics.On a 10-year gross domestic product (GDP) compound annual growth rate (CAGR) basis, Bangladesh ranked as the fastest growing economy…
Read More »