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Bangladesh Bank

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).

Following the political transition in August, remittance inflows from the US have significantly increased, enabling the country to surpass the United Arab Emirates (UAE), which had long been the leading source of expatriate income.

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.

Fighting river erosion with finance

The United Nations Development Programme (UNDP) is collaborating with the Bangladesh Bank (BB) to develop a Climate Damage Function (CDF) aiming at strengthening climate-sensitive financial reporting and supporting banks and financial institutions in protecting assets and enhancing resilience in areas affected by natural calamities. The CDF will facilitate the design of innovative blended finance models, increasing the financial flow to the most vulnerable communities.  

Small loans boost Agent Banking growth in Bangladesh

Loan disbursements through agent banking saw a significant increase of 55.95 per cent year-on-year (Y-o-Y), reaching Taka 24,028.31 crore by the end of December 2024, driven by improved access to finance for rural populations, according to data from Bangladesh Bank (BB).

In December of the previous year, loan disbursements amounted to Taka 15,407.33 crore.
As of December 2024, a total of 31 banks provided agent banking services through 21,248 outlets o...

Atiur, Barakat sued among 23 others

Twenty-three individuals, including former Bangladesh Bank governor Dr Atiur Rahman and former Janata Bank chairman Abul Barakat have been filed in a case by the Anti-Corruption Commission (ACC) on charges of embezzling Tk297 crore from AnonTex Group. ACC Deputy Director Md Nazmul Hossain filed the case on Thursday, accusing the individuals of fraud and forgery in collusion with bank officials. Among the accused are former deputy governor-2 Abu Hena Mohammad Razi Hasan, former assistant director Ismat Ara Begum, former...

Govt to protect mass media as industry

With a note of assurance to extend all kinds of support to the mass media, Finance Minister AHM Mustafa Kamal today termed the mass media as an industry and said the government is pledge-bound to protect it.

“The mass media is not a small industry… We have to protect the industry”, he said as the chief guest while addressing the second session of a day-long conference organized by the Broadcast Journalist Center (BJC) held at the Teachers Student Center (TSC) of the Dhaka University here.

Praising the role of the media, the finance minister said the media is portraying the achievements of the country before the wo...

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