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Financial Market

Remittance hits record $ 15.31b

In the just concluded fiscal year, migrant workers sent home $15.31 billion in remittance, the highest in the country’s history. The remittance in 2014-15 also rose 7.6 percent from $14.23 billion in the previous fiscal year, according to Bangladesh Bank (BB) statistics released yesterday. [caption id="attachment_4203" align="alignleft" width="300"]The reserves now stand at $19.04bn, enough to pay off six months’ imports and second highest among SAARC countries The reserves now stand at $19.04bn, enough to pay off six months’ imports and second highest among SAA...

BHBFC earns Tk 185cr profit in FY 2014-2015

Bangladesh House Building Finance Corporation provisionally posted a net profit of about Tk. 185.02 crore in the fiscal year 2014-2015. During the fiscal year, BHBFC sanctioned Tk.311.21 crore and disbursed Tk. 271.73 crore with BHBFC-300the part of that of the previous year. In the fiscal year 2013-2014 sanctioned and disbursed amount was Tk. 285.18 & 388.90 crore respectively. In the fiscal year 2014-2015 the recovered amount was Tk. 482.96 crore. In the fiscal year 2013-2014 recovered amount was Tk. 459.18 Crore. The rate of incre...

BB issues AML guidelines for NBFIs

Bangladesh Bank (BB) has issued compulsory anti-money laundering (AML) guidelines for non-banking financial institutions (NBFIs) to help combat money laundering and terror financing. Similar to those for commercial banks, the guidelines emphasized that NBFIs should know their clients and keep watch on their financial transactions with a foolproof monitoring system, reports BSS. bb-logoThe central bank in a master circular issued Monday advised the NBFIs to formulate policies and procedures to operationalise and ensure the observance of these guidelin...
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