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Economy

Farmers-friendly banking for boosting crop production

Speakers have asked the branch managers and other field staffs of Rajshahi Krishi Unnayan Bank (RAKUB) to speed up its farmers-level lending activities for boosting agricultural production to meet up the gradually increasing food demand. farmersThey said all the credit programmes of the bank should be need- oriented and emphasis should be given on reaching banking services to the doorstep of the farmers, reports the Financial Express. They were addressing a daylong monthly performance review meeting of branch managers and field staffs under ...

Aid for bank robbery victims

Bangladesh Bank will give Tk 1 lakh to each family of those killed in a daring heist at a bank branch in the garment manufacturing hub of Ashulia on Tuesday, Governor Atiur Rahman said. bbEight persons, including the branch manager, were killed in the incident that took place in broad daylight, reports the Daily Star. The central bank governor, in a condolence letter to Bangladesh Commerce Bank, expressed sympathy for all those killed, especially the manager, Waliullah Subin, who sacrificed his life to protect the keys to the bank’s vault. Ordinary people had a...

Probashi Kallayan Bank off-track?

In deviation from its core spirit, the Probashi Kallayan Bank (PKB) is mostly concentrating on migration loan rather than on its focus on employment generation among oversees returnees, the bank’s own data showed. The PKB from its inception in 2011 till date has disbursed only Tk 21 million among 135 returnee workers under its rehabilitation loan programme. probashi BankOn the other hand, the bank has provided Tk 641 million as loan to 8,413 outbound workers under migration loan, reports the Financial Bank (FE). High officials...

Massive drop in number of unbanked, says new report

From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20 percent to 2 billion adults, says a new report released today. “Access to financial services can serve as a bridge out of poverty. We have set a hugely ambitious goal – universal financial access by 2020 – and now we have evidence that we’re making major progress,” said World Bank Group President Jim wbYong Kim. “This effort will require many partners – credit card compa...

Insurance Industry in BD: Trends, opportunities to 2018

Research and Markets has announced the addition of the “The Insurance Industry in Bangladesh, Key Trends and Opportunities to 2018” report to their offering. ‘The Insurance Industry in Bangladesh, Key Trends and Opportunities to 2018’ report provides detailed analysis of the market trends, drivers, challenges in the Bangladeshi insurance industry. It provides key performance indicators such as written insurancepremium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions during the review period (2009-2013) ...

ADB trims Bangladesh fiscal growth forecast to 6.1pc

The Asian Development Bank (ADB) has trimmed its growth forecast for Bangladesh in the current 2014-15 fiscal year, citing a number of challenges. adb1In its update to the outlook, ADB said Tuesday that Bangladesh’ s economic and social progress notwithstanding, the country still faces a number of medium-to longer-term challenges, reports Xinhua. GDP or Gross Domestic Product growth in 2014-15 (July 2014-June 2015) is projected at 6.1 percent, lower than the 6.4 percent forecasted by the Asian Development Outlook 2014 Update, launched in September 2...
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