According to the latest data from Bangladesh Bank, the surge in remittance is largely attributed to the upcoming Eid celebrations, as non-resident Bangladeshis are remitting more funds to support their families.
BB sets 27pc loan target for CMSMEs to boost employment
Bangladesh Bank (BB) has introduced a significant policy change to enhance business growth and employment in the Cottage, Micro, Small, and Medium Enterprises (CMSME) sector. Under the new policy, the central bank has mandated that 27 per cent of loans be allocated to the CMSME sector for the next five years.Mustafizur Rahman, Executive Di...
This initiative was announced during a press conference held at Bangladesh Bank’s headquarters in Motijheel on Monday.
New probe panel to review BB 2016 cyber heist
The Cabinet Division has established a six-member committee, led by Law Adviser Asif Nazrul, to reassess the 2016 cyber theft involving Bangladesh Bank’s reserves.
A gazette notification, signed by Mohammad Khaled Rahim, Additional Secretary of the Cabinet Division, was issued on Wednesday (12 March).
The committee comprises Muhammad Fouzul Kab...
Moody’s downgrades banking outlook to negative
Moody's Ratings has revised its outlook on Bangladesh's banking sector from stable to negative, citing increasing asset risks and worsening economic conditions. In a report released today, the agency highlighted several pressing concerns, including declining asset quality, persistent inflation, and slowing economic growth, all of which are expected to undermine banks' profitability and financial stability.
According to Moody's, Bangladesh's real GDP g...
US overtakes UAE as largest source of remittances to B’desh
Bangladeshi expatriates in the United States (US) sent home the highest amount of remittances in February, totalling US$491.26 million, according to data from Bangladesh Bank (BB).The UAE ranked second, with expatriates send...
No more ‘Sycophancy’ for foreign loans, says BB Governor
Bangladesh’s balance of payments (BoP) has significantly improved, with a robust foreign savings position, eliminating the necessity of seeking foreign loans through “sycophancy,” Bangladesh Bank Governor Ahsan H Mansur stated today (4 March 2025).
"We will not compromise. Our external financial position is now very strong," he asserted during a roundtable titled Path to Recovery for the Banking Sector, organised by The Business Standard at its office in the capital.
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Country set to achieve record remittance in March
Bangladesh is on track to set a new record in remittance inflows, with expatriates sending $2.25 billion through banking channels in the first 19 days of March.
This marks a significant 78.4 per cent increase compared to the same period last year.
