Growth rate of bank deposits marked nearly 4.0 per cent decline until November in the last calendar year over the corresponding period in the previous year taking its toll on the banks' operating profits, sources said.
Bankers and experts, however, have attributed such a fall to a slowdown in trade and business activities amid the prevailing political turmoil.
Most of the banks' operating profits dropped in 2013 compared to that of the previous year.
Fresh investment i...
The Business Development Conference 2014 of Al-Arafah Islami Bank Ltd (AIBL) was held on Tuesday at Hotel Rupashi Bangla in the capital.
Chairman of the Bank Badiur Rahman inaugurated the conference as the Chief Guest. The meeting was presided by the Managing Director of the Bank Md. Habibur Rahman.
The conference was address by Founder Chairman A.Z.M. Shamsul Alam, Directors of the Bank Md. Harun-Ar-Rashid Khan, Nazmul Ah...
The country’s overall remittance reached nearly $7 billion during the first half of the current fiscal (July 2013-June 2014), a central bank official said Monday.
Quoting provisional data, the Bangladesh Bank (BB) official, who preferred to be unnamed, said "inflow of remittances from Bangladeshis fell by about 9 percent year on year to $6,778.57 million in the first half of 2013-14 fiscal year," Xinhua reported.
The official said the flow of inward remittances in the last month was 5.50...
DAILY INDICATORS
Monday Previous
Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.25-08.00 05.50-08.00 Dhaka Stock Exchange index 4,454.83 4,437.82
---------------------------------------------------------------
MONTHLY
CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 7.53 7.15
M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Dec. 18.07 17.11
Exports(FOB) ($mln)(BB) Nov. 2,212...
Bangladesh Bank (BB) has rejected a proposal of finance minister AMA Muhith on giving Probashi Kallayan Bank approval to open exchange houses abroad and allowing it to operate partial commercial banking activities to enable the bank serve the Bangladeshi diaspora.
The central bank in its opinion said the specialised bank does not comply with the mandatory standards stipulated in the banking company act on matters like capital requirement and banking nature to become eligible for commercial banking and banking through exchange houses.
The BB last week in a letter to finance ministry cleared its position that cited specific provisions lying in the bank company act on specific issues, a source in the finance ministry said, rep...
Different business groups have sought a large amount of incentive package worth around Tk 150 billion as a contingency measure to help overcome setbacks in businesses due to the prolonged political crisis. This creates a major challenge before the incumbent government.
Economists, however, fear that if the government allocates such a huge contingency fund it would disrupt the financial discipline of the country and would shrink the private sector growth further, reports the Financial Express (FE).
Fresh investment i...
