IDLC to expand its footprint into housing finance The International Finance Corporation (IFC), the private investment arm of the World Bank, has proposed to provide up to $40 million in senior financing in IDLC Finance Ltd (IDLC), the largest non-banking financial institution in Bangladesh. In a pre-investment disclosure, IFC said

Trade deficit mounts to $5.28b in July-Jan The country’s trade deficit increased by 36.34 per cent to $5.28 billion in the first seven months of the current financial year 2016-17 compared with that of $3.87 billion in the corresponding period of the FY16. The deficit increased during the period due

Mobile banking reaches one-third Bangladeshis Almost one third of Bangladeshis now have access to mobile banking as the number of users has climbed 150% in the last three years, says a new survey. Some 22% of the relevant agents have faced fraud in the last one year as over-the-counter transactions

Private sector credit growth rises notably, crosses target Private sector credit growth increased significantly in August mainly due to higher trade financing by banks for settling import payment obligations, officials and bankers said. The growth in credit flow to private sector rose to 17.84% in August 2017 on a year-on-year

BB seeks Tk 25.60b as export subsidy The Bangladesh Bank (BB) has sought a sum of Tk 25.60 billion from the government to meet the demand for cash incentive/subsidy made by local exporters, officials have said. The central bank recently sent a letter to the Ministry of Finance (MoF), seeking