Money sent home by Bangladeshis working overseas in August rose 1.1 percent from a year earlier to about $1.19 billion, the central bank said on Thursday.
The figure was lower than $1.39 billion netted in July, when remittances fell 7 percent from a
year earlier in the first annual dip since February.
Millions of expatriate Bangladeshis remitted $15.31 billion in the financial year that ended in June, up 7.6 percent from a year earlier.
Remittances from more than 10 million citizens abroad are critical for t...
Airtel Bangladesh Limited, the fastest growing mobile operator in the country, signed an agreement with Jamuna Bank Limited to provide mobile banking services in Airtel network.
[caption id="attachment_19001" align="alignright" width="540"]
From left to right: A. B. M. Saadi, Assitant Vice President, Jamuna Bank Limited, Abu Taleb, Chief Business Officer, Pragati Systems Limited, Adnan Mahmud Ashraf Uz Zaman, Head of Cards, Jamuna Bank Limited, A.K.M Saifuddin Ahmed, Deputy Managing Director, Jamuna Bank Limited, S. M. Salahuddin, Head of ...
The Alacer Group, dedicated to helping business leaders accelerate performance, quality, productivity and profitability, today announced that its Velocity AML Suite has been chosen by three prominent banks in Bangladesh to improve AML case workflow and security. After an extensive search process, Mercantile Bank Limited, Social Islami Bank Limited (SIBL) and Meghna Bank selected Alacer’s Velocity AML Suite to ensure robust KYC/CIP onboarding, sanctions screening, payments interdiction and transaction profiling, all key operational areas that support local and international anti-money laundering efforts. The banks selected the Velocity solution for its ability to be quickly deployed, its robust reporting features and for the delivery of consistent and full compliance with AML regulatory ...
Al-Arafah Islami Bank Ltd (AIBL) inaugurated ‘Tree Plantation Campaign 2015’ under its Green Banking Program in Noyabazar Degree College, Keranigonj, Dhaka on July 29, 2015.
[caption id="attachment_18538" align="alignright" width="504"]
Managing Director of Al-Arafah Islami Bank Ltd Md. Habibur Rahman inaugurating ‘Tree Plantation Campaign 2015’ initiated by the Bank at Noyabazar Degree College, Keranigonj, Dhaka on July 29, 2015.[/caption]
Managing Director of the Bank Md. ...
A Financial Stability Report for 2014 has been released by the Bangladesh Bank, the nation’s central bank, and a key outcome of it is that high non-performing loans (NPLs) eroded the earnings of banks last year.
The report says that return on asset and return on equity, the two major indicators used to measure a bank’s profitability, decreased by 20 and 260 basis points to 0.7 and 8.1 percent respectively from a year ago.
The rise in NPLs last year forced banks to set aside a major portion of their profits for
provisioning, the Daily Star quot...
ICAB President Masih Malik Chowdhury FCA and Executive Director of CPA Ireland Eamonn Siggins on behalf of their respective Institute have signed a Memorandum of Understanding (MoU) in ICAB Council Hall on 26 July 2015.
State Minister, Ministry of Finance and Ministry of Planning MA Mannan , MP graced the occasion as the Chief Guest. ICAB Council Member & Past Presidents Md. Syful Islam FCA, Md Abdus Salam FCA, Council Members Dewan Nurul Islam FCA, Md. Shahadat Hussain FCA,
World Bank Management Specialist Suraiya Jannath FCA, CPA Ireland...
