Moniruzzaman appointed Bangladesh Bank deputy governor The government on Tuesday appointed SM Moniruzzaman as deputy governor of the Bangladesh Bank. According to a notification by the Bangladesh Bank and Financial Institution Division, Moniruzzaman has been appointed as the deputy governor for the next three years on contractual basis. Currently Moniruzzaman

SME credit crosses TK 1t in 9 months Aggregate disbursement of credit to the Small and Medium Enterprises (SME) sector crossed Tk 1 trillion (Tk 1,000 billion) during the first nine months of 2016. Statistics available with Bangladesh Bank revealed that the country’s banks and financial institutions disbursed Tk 1011.60

Transactions of high-value cheques with banks boom High-value cheque transactions with Bangladesh’s banking system have increased significantly, driven by big turnovers of corporate bodies, sources said. Such banking bonanza, from economic point of view, reflects a growing momentum in the economy. The number of such hefty cheque transactions, valued Tk

Savings certificate sales rise even after high interest rate in bank deposits The depositors had turned away from the banks following the Farmers Bank Limited incident but now they are leaning towards savings certificate. A total of around Tk8,060 crore was invested on savings certificate in January, 2018, said Bangladesh

AB Bank faces fund crisis for bad loans AB Bank is facing financial crunch after its provision shortfall totalled Tk 1,340 crore at the end of 2016. The first generation private commercial bank maintained only Tk 250 crore against the required provision of Tk 1,590 crore because of bad loans,