‘Planet Solutions’ — energy financing loan initiates
BRAC Bank launched 'Planet Solutions', Bangladesh's First Energy Efficiency Financing Loan to assist readymade garments and textile industries to invest in energy efficiency technology.
The loan is targeted to the RMG & textile industry who will invest in energy efficiency technology and the Technology Service Provider Companies who provide energy efficiency solutions.
Mr. S K Sur Chowdhury, Deputy Governor, Bangladesh Bank, and Mr. Selim R. F. Hussain, Managing Director & CEO, BRAC Bank Limited, formally launched the loan product at a 
IBBL helps 63,000 SME entrepreneurs like Halima
Halima Khatun, an educated housewife of Kumarkhali under Kushtia, since her girlhood used to think differently, saw the life in diverse way, sketched a dream of busy and prosperous life. Instead of searching for job she had a long mindset to create employment for others, especially helpless women. Halima, with determination and talent, after learning exclusive needle-works started business of craftsmanship by setting up ‘Mridula Hostashilpa’.
Her husband came out in support of her quest. Craftsmanship contributed additional income to her family. She started organizing the neighbor poor widows and women to engage them in the similar works and with their active ![]()
BB launches instant fund transfer system
Bangladesh Bank (BB) launched Real Time Gross Settlement (RTGS) with 55 banks today.
“Introduction of RTGS would enable instant transfer of funds between banks and institutions,” said Governor Atiur Rahman at the inauguration of the service at the BB headquarters in Dhaka.
Initially 5,000 branches of 55 banks will be able to render the service to its customers.
Rahman said the system will have a substantial impact on current operations in the banks, particularly in the area of treasury, payment division, corporate banking and cash management.
RTGS facil...
Initially 5,000 branches of 55 banks will be able to render the service to its customers.
Rahman said the system will have a substantial impact on current operations in the banks, particularly in the area of treasury, payment division, corporate banking and cash management.
RTGS facil...
IBBL RDS role model for rural development
A solvent family, own house, a piece of arable land- are the common dream of low income people. Mnowara Begum, a housewife of Paikpara village under Patia Upazila of Chittagong used to cherish the same. But poverty cripples her dream. Their days pass through financial difficuties with her husband's little income. Yet she did not get dishearted. She started finding the way to get rid of proverty. She learnt about the Rural Development Scheme of Islami Bank Bangladesh Limited (IBBL) from neighbors.
Manowara became a member of the scheme under Hazrat Fatima (RA.) center at Patia Branch of the Bank in 2005. The scheme acts as the charioteer of her dreams. She took Tk. 5 thousand ![]()
AML guidelines for co-operative societies
Bangladesh Bank (BB) has issued an anti-money laundering (AML) guidelines for co-operative societies to help combat money laundering and terror financing.
Issuing the guidelines on October 7, the central bank asked all the co-operative societies to follow it accordingly to keep their activities and services protected from the risks of money laundering and terror financing.
The guidelines suggested all the co-operative societies to set up a central compliance unit or contact point under the direct supervision of the head o...
The guidelines suggested all the co-operative societies to set up a central compliance unit or contact point under the direct supervision of the head o...
Navy-Air force seeks permission to set up commercial bank
Bangladesh Navy and Air Force have sought permission from the government to start a commercial bank.
Navy chief Vice Admiral Muhammad Farid Habib in a letter to the Prime Minister has asked for approval for the proposed Maritime Bank Ltd.
He also said this is expected to ‘further facilitate’ financial services for those serving the Navy and the Air Force.
The Air Force and Navy will be partners in the venture.
The Navy wants to operate the bank through its commercial arm Nou Kalyan Foundation.
A formal proposal will be submitt...
He also said this is expected to ‘further facilitate’ financial services for those serving the Navy and the Air Force.
The Air Force and Navy will be partners in the venture.
The Navy wants to operate the bank through its commercial arm Nou Kalyan Foundation.
A formal proposal will be submitt...
