Moniruzzaman appointed Bangladesh Bank deputy governor The government on Tuesday appointed SM Moniruzzaman as deputy governor of the Bangladesh Bank. According to a notification by the Bangladesh Bank and Financial Institution Division, Moniruzzaman has been appointed as the deputy governor for the next three years on contractual basis. Currently Moniruzzaman

SME credit crosses TK 1t in 9 months Aggregate disbursement of credit to the Small and Medium Enterprises (SME) sector crossed Tk 1 trillion (Tk 1,000 billion) during the first nine months of 2016. Statistics available with Bangladesh Bank revealed that the country’s banks and financial institutions disbursed Tk 1011.60

Banks, power producers get a boost from BB The central bank has exempted banks from keeping provisions in opening letters of credit to import equipment for electricity plants in order to fast-track the completion of power projects. As per the new directive issued on Wednesday, banks will be eligible for

Savings certificate sales rise even after high interest rate in bank deposits The depositors had turned away from the banks following the Farmers Bank Limited incident but now they are leaning towards savings certificate. A total of around Tk8,060 crore was invested on savings certificate in January, 2018, said Bangladesh

New monetary policy to be contractionary, ‘growth-friendly’ Bangladesh Bank is preparing a contractionary monetary policy statement (MPS) for the second half of the current fiscal year to control the supply of credits and inflation in a bid to maintain economic stability, according to officials. The new monetary policy is expected