Private investment grows by Tk 1,22,000 crore The demand for private loans is on the rise this year, far surpassing the central bank’s target. Till September this year, the banking sector issued additional loans in the amount of Tk1,22,650 crore over loans issued in the same period last year. Private

Remittance inflow stays solid in March Remittances’ upbeat start to 2018 continued into March, which saw inflows soar 20.70 percent year-on-year to $1.3 billion on the back of the depreciation of the taka against the US dollar. The local currency has been depreciating against the American greenback for the last

Banking system trails economic growth pace Bangladesh’s banking system, especially the central bank, falls behind the country’s growth, creating a mismatch, says an expert. “If you look at the major indicators of Bangladesh’s economy, including GDP and budget, it has jumped many, many times over the decades. But the banking

Investigation into BB heist continues A year after one of the most spectacular robberies of modern times, the authorities in Bangladesh are still trying to crack the case. Hackers into the country’s central bank sent instructions through SWIFT, a messaging network for cross-border payments, to transfer funds from the bank’s

Bangladesh Bank mulls uniform calculation of forward rates The central bank plans to develop uniformity of calculation in case of forward rates among the banks aiming to ensure discipline in the country’s foreign exchange market. The Bangladesh Bank (BB) has asked for the methodology of calculation on forward rates from