Agrani Bank’s net profit jumps 197% Agrani Bank Ltd achieved a net profit of BDT 6.76 billion in 2017 with a growth rate of 197%. At the end of 2017, Return on Equity (ROE) stood at 17% from a negative ROE of 19% of the previous year. ROE increased by

Bangladesh Bank expands low-cost fund for apparel exporters The central bank has increased the limit of the low-cost Export Development Fund for apparel exporters to USD 20.0 million from existing USD 15.0 million. “This has been one of our demands,” said Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters

ECNEC okays Tk 7.22b Nakshipalli project to enhance Facilities The Executive Committee of National Economic Council (ECNEC) approved on Tuesday a project titled ‘Sheikh Hasina Nakshipalli, Jamalpur (1st phase)’ involving Tk 7.22 billion, aiming to enhance facilities for Nakshi entrepreneurs, handloom and handicraft workers. The approval came at the weekly

Imports up 11.66pc in seven months The country’s overall imports grew by 11.66 per cent in the first seven months of the current fiscal year (FY), 2017-18, mainly due to higher import of food grains and fuel oils, officials said. Actual import in terms of settlement of letters of credit

Sales of savings tools hit record Net sales of savings instruments hit a record high in fiscal 2015-16, as investors were lured in by interest rates which are 5.0 percentage points higher than those offered by commercial banks on term deposits. The amount was more than double the target set