Dhaka Bank to get $55m from IFC for expansion Dhaka Bank has recently signed $55 million facilities agreements with International Finance Corporation. IFC will be providing $20 million working capital solutions facility to Dhaka Bank’s offshore banking unit for expanding its foothold in SME-based export sector, Dhaka Bank said in

Banks’ profits rise 32.0% on a slide in default loans The banking sector’s net profit increased 32.0% year-on-year to BDT 79.2 billion in 2015 on the back of a decline in default loans. In the last quarter of 2015, banks set aside a lower amount of funds for provisioning as

Deliver remittance fast at lowest charge: BB Bangladesh Bank has instructed banks to disburse remittance among beneficiaries within the quickest possible time and charge the minimum in order to increase the inflow. Banks should apply agent banking and mobile financial services to send out remittances among near and dear ones

Excise duty on bank accounts to double next fiscal year The government is considering doubling the excise duty on bank accounts with large debit or credit balance in fiscal 2017-18 to boost revenue collection. Accounts with balance between BDT 0.1 million and BDT 1.0 million at any time of a

Import payment surges 20pc in Mar on Ramadan Import bill payment in March surged by 20.46 per cent year-on-year due to a rise in payment of bills for food products imported to meet up demand in the upcoming Ramadan, the fasting month for Muslims. According to the latest Bangladesh Bank