Deliver remittance fast at lowest charge: BB Bangladesh Bank has instructed banks to disburse remittance among beneficiaries within the quickest possible time and charge the minimum in order to increase the inflow. Banks should apply agent banking and mobile financial services to send out remittances among near and dear ones

AB Bank faces fund crisis for bad loans AB Bank is facing financial crunch after its provision shortfall totalled Tk 1,340 crore at the end of 2016. The first generation private commercial bank maintained only Tk 250 crore against the required provision of Tk 1,590 crore because of bad loans,

Dhaka Bank to get $55m from IFC for expansion Dhaka Bank has recently signed $55 million facilities agreements with International Finance Corporation. IFC will be providing $20 million working capital solutions facility to Dhaka Bank’s offshore banking unit for expanding its foothold in SME-based export sector, Dhaka Bank said in

Farmers Bank continues to worry BB Bangladesh Bank has asked Farmers Bank to explain why it continues to disburse fresh loans despite having a bar on lending since January. Earlier in January, the central bank slapped some restrictions on fresh loan disbursement and opening of new branches, with a view

Remittance inflow rises 16.0% in May YoY The flow of inward remittance jumped by more than 16% in May this year over that of the previous month. It was estimated at USD 1.27 billion in May 2017, up by about USD 175 million from USD1.09 billion in April. It was