Most banks post better earnings in Q1 Despite increase in defaulted loans, comprehensive earnings per share of most of the listed banks increased during the first quarter of the year 2017 against that in the same period in the previous year. As the country’s banking sector was having a huge

BB seeks Tk 6.0b for agro-based projects The Bangladesh Bank (BB) has sought a budgetary allocation of Tk 6.0 billion for implementation of agro-based projects under the Equity and Entrepreneurship Fund (EEF) in the next fiscal year (FY) 2017-18, officials said. The Bank and Financial Institutions Division (BFID) has sent

Private sector credit growth rises in February The private sector credit growth increased significantly in February from that of the previous month as import payments jumped in recent months due to a rise in payments for capital machinery, industrial raw materials and some other commodities, said Bangladesh Bank officials. According

Deposit rates in reverse course as liquidity problem deepens The interest rate on term deposits has reached double digit after about a couple of years as the banks are now out of comfort zone, as far as their liquidity position is concerned. The overall deposit rates started creeping up since

Banks request Bangladesh Bank for forex brokerage houses Scheduled banks on Sunday suggested that Bangladesh Bank should set up foreign exchange brokerage houses in the country so that they (banks) can sell and purchase foreign currencies at rational prices in accordance with market demand. The banks submitted the proposal at