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IBBL to distribute over 2 lakhs winter clothes

Islami Bank Bangladesh Limited (IBBL) has taken initiative to distribute two lakhs ten thousand pieces of winter clothes among the winter affected people this year across the country. RajHead office and branches of the bank have been conducting the activities at their respective areas. Chapainawabganj Branch of the Bank, as part of this program, distributed winter clothes among winter hit people of Poura area through a function at HasinaGirlsHigh School field recently. AAM Habibur Rahman, Executi...

BHBFC profits Tk 85.76cr during ½ half of current fiscal

Bangladesh House Building Finance Corporation (BHBFC) has earned a profit of Tk. 85.76 crore during 6 months in the fiscal year 2013-2014. BHBFCFrom July 2013 to December 2013, the Corporation gained income totaling to Tk. 122.04 crore. During the same period of the last fiscal year the amount was Tk. 111.97 crore and the amount of expenditure was Tk. 36.28 crore. The amount of loan sanction, disbursement and recovery were respectively Tk. 222.20 crore, 225.97 crore and 200.45 crore that result in t...

Mohiuddin new Chairman of SJIBSL

Mohiuddin Ahmed has been elected unanimously as the Chairman of Shahjalal Islami Bank Securities Ltd (SJIBSL). Alhaj Mohiuddin Ahmed, Chairman of Shahjalal Islami Bank Securities Ltd.He was elected as chairman in the 21st Board of Directors’ meeting of SJIBSL held at the bank’s Head Office in the city recently. SJIBSL Director Syed Nurul Arefeen presid...

India to keep border sealed ahead of polls in Bangladesh

Bangladesh’s close neighbour India has decided to keep its border sealed for three days from January 4, a day ahead of the 10th national election of Bangladesh billed for January 5. India has also taken additional security measures to avert any negative impact on its state Pashchimbanga following the overheated political situation ahead of the elections, reports BBC Bangla. Indian BSF personnel patrol a stretch of the India-Bangladesh border on the outskirts of Agartala

Bangladesh key economic indicators – Jan 2

DAILY INDICATORS

Wednesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.77 Call money rate (inter-bank) 06.75-08.00 06.50-08.00 Dhaka Stock Exchange index 4,286.15 4,266.55 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.15 7.03 M2 supply (bln taka) (BB) Oct. 6,403.17 6,267.23 Forex reserves ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,2...

National Bank of Pakistan facing heavy losses in Bangladesh

The National Bank of Pakistan is feared in its Bangladesh operation as the bank has sustained Rs 12 billion in losses, which, according to initial findings of bank’s Board of Directors (BoD), is a result of “lax management”, forcing the BoD to order an inquiry as it tries to minimise the damages. After administrative and financial deterioration in the state-owned bank, the State Bank of Pakistan has also sought an action plan including measures to handle credit losses in Bangladesh from the newly constituted BoD, according to official documents. NBPThrough its...
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