57 banks charging double digit interest rates All 57 commercial banks in the country are charging double digit interest rates on loans from businesses, Bangladesh Bank (BB) says. Some banks are charging more than 15% interest rates on industrial loans, the central bank said in a report published in February.

Investments by Islamic banking sector jump 19% The total investment in the country’s Islamic banking sector jumped 19% at the end of December 2017, over the same period of the previous year (2016). Statistics release by the central bank showed that total investments by the Islamic banking sector stood at

Nine banks suffer Tk 194.67b capital shortfall in 2017 Nine banks, six owned by government, suffered an aggregate capital shortfall worth over Tk 194.67 billion in the last calendar year mainly as their swelling classified loans took a toll. Sources in the banking circles indicated a worrying feature of the

Doha Bank opens in Bangladesh Doha Bank has formally opened a representative office in Bangladesh, the first bank from the Gulf region to do so. The office has been launched to support Bangladeshi investors and their investment in the Gulf region. R Seetharaman, chief executive officer of Doha Bank, made

BASIC to get BDT 26.0 billion recap fund: Public money being put in ‘black hole’, say experts The government is set to issue BDT 26 billion-worth of bonds to meet capital shortfall of the problem-ridden BASIC Bank as per requirement under the Basel-III provision, officials said. Finance Minister AMA Muhith