BB asks banks to install auto-lock in all branches Bangladesh Bank on Sunday asked scheduled banks to install auto-lock system at all of their branches to strengthen security. The BB issued a circular to managing directors and chief executive officers of all banks asking them to set up the auto-lock

Banking sector sees rise of millionaire depositors In just one year, the banking sector has seen a massive rise in millionaire depositors. There are 5,834 more millionaire depositors in the sector compared to the previous year. Before, the number was 62,038; currently it is 67,872. The information comes from the

IFC to invest up to USD 55.0 million to support Dhaka Bank International Finance Corporation (IFC), the private investment arm of the World Bank group, has agreed to invest up to USD 55.0 million to support Dhaka Bank Limited’s working capital solution, and help the bank aid foreign currency needs

Imports soar 28pc on food grains, machinery, fuel oils The country’s overall imports jumped by more than 28 per cent or US$1.09 billion in January mainly due to higher import of food grains, capital machinery and fuel oils, officials said. The settlement of letters of credit (LCs), generally known as

Most banks make robust operating profits in 2017 Operating profits of most of the scheduled banks increased significantly in the just-concluded year of 2017 amid rampant credit disbursements by the banks, said senior bank officials. Out of 28 banks, data of which were available till Sunday, operating profits of 27