Banks largely robust to shocks
Most of the banks have sufficient capital buffer to absorb adverse shocks and still maintain the sector's overall capital adequacy ratio (CAR) above the minimum requirement, the central bank's most recent stress tests found.
The exercise, conducted by the Financial Stability Department on data from the April-June quarter of this year, looked at the impact of different stressed situations on banks' capital.
The minimum capital requirement for scheduled banks is the greater of the two: 10 percent of risk-weighted assets or Tk 400 crore, reports the Daily Star.
At the end of June, the sector's CAR stood at 10.68 percent, above the minimum regulatory requirement of 10 percent.
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Climate change ‘nothing but a lie’, claims top meteorologist
THE debate about climate change is finished - because it has been categorically proved not to exist, one of the world’s leading meteorologists has claimed.
John Coleman, who co-founded the Weather Channel, shocked academics by insisting the theory of man-made climate change was no longer scientifically credible.
Instead, what ‘little evidence’ there is for rising global temperatures points to a ‘natural phenomenon’ within a developing eco-system.
In an ope...
In an ope...
Complications during pregnancy in rural Bangladesh
A new study led by researchers at the Johns Hopkins Bloomberg School of Public Health shows that over one-quarter of women in rural Bangladesh experience complications during pregnancy, with hemorrhage and sepsis as the most commonly reported complications. The majority of childbirths in rural Bangladesh are at home with no trained health professional in attendance. The study was published in the October 4 edition of Biomed Central Pregnancy and Childbirth.
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Survey fills data gap in region where 75% of births are at home
The complications reported by women highlight the need for greater access to health care in rural settings.
IDB approves $ 60m for Bibiyana power plant project
The Board of Executive Directors of the Islamic Development Bank (IDB) has approved an amount of $60 million for Bibiyana Base-Load Combined Cycle Independent Power Plant Project in Bangladesh.
The IDB Board at the end of its 300th meeting (which started on 19 October) at its headquarters in Jeddah, Saudi Arabia and under the Chairmanship of IDB President, Dr Ahmad Mohamed Ali, approved $814.2 million for development financing.
The new financings were mostly allocated for sectors such as air transport, power, water, roads and human...
The new financings were mostly allocated for sectors such as air transport, power, water, roads and human...
Black tiger shrimp exports suffer
Black tiger shrimp exports from Bangladesh are facing a slowdown in the wake of reduced demand in major markets.
An increased supply of vannamei shrimp from other exporting countries and their reduced prices account for the slowdown, reports The Daily Star.
Buyers are more interested in low-priced vannamei than in expensive black tiger shrimps, said Khan Habibur Rahman, deputy managing director of Lockpur Group, a leading seafood exporter.
Shrimp exports rose 3.59% year-on-year to $180.3 million between July a...
Buyers are more interested in low-priced vannamei than in expensive black tiger shrimps, said Khan Habibur Rahman, deputy managing director of Lockpur Group, a leading seafood exporter.
Shrimp exports rose 3.59% year-on-year to $180.3 million between July a...
IBBL Hajirhat Branch opens in Laxmipur
Hajirhat Branch of Islami Bank Bangladesh Limited (IBBL) was inaugurated as its 288th Branch at Hajirhat, Kamalnagar, Laxmipur on Thursday, October 23, 2014.
Md. Abdus Salam, FCA, FCS, Director of the Bank inaugurated the Branch as Chief Guest. Presided over by Mohammad Abul Bashar, Deputy Managing Director of the bank, Advocate Syed Mohammad Shamasul Alam, Chairman, Kamalnagar Upazila was present on the occasion as special guest. Mohammad Ullah, Executive Vice President and Head of Noakhali Zone addressed the welcome speec...
Md. Abdus Salam, FCA, FCS, Director of the Bank inaugurated the Branch as Chief Guest. Presided over by Mohammad Abul Bashar, Deputy Managing Director of the bank, Advocate Syed Mohammad Shamasul Alam, Chairman, Kamalnagar Upazila was present on the occasion as special guest. Mohammad Ullah, Executive Vice President and Head of Noakhali Zone addressed the welcome speec...
