Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.74% (April 06 ’17) 3.76% (Mar 29 ’17) 0.02% Call Money Lending (Crore BDT) 6,032.00 (April 06 ’17) 6,388 (Mar 29 ’17) 5.57% Prices Weighted Average Deposit Rate 5.08% (Feb ’17) 5.13% (Jan ’17) 0.05% Weighted Average Lending

Bangladesh Bank (BB) to phase out magnetic strip-based bank cards Bangladesh Bank has taken initiative to phase out the use of magnetic strip in the credit and debit cards of scheduled banks to secure clients’ card-based transactions through ATMs and POS terminals from data skimmers under its National Chip Specification

Eastern Bank Limited to get USD 40.0 million loan from DEG, FMO Development banks of Germany DEG and of Netherlands FMO will provide a term loan of USD 40 million to Eastern Bank Ltd (EBL), a leading private sector bank of the country, said a statement. Ali Reza Iftekhar, Managing

Banks plan to issue bonds to boost capital Many public and private banks have been considering issuing bonds next year to maintain the new international standards for capital adequacy ratio. Officials at the finance ministry and the Bangladesh Bank said the government has been considering releasing bonds to meet the

Banks must release 30.0% of farm loans thru own network Bangladesh Bank is set to ask scheduled banks to disburse at least 30.0% of farm loan in their own capacity against fiscal target as some banks distribute their whole annual target of such loans through the linkage of non-governmental organizations.