Eleven banks served show-cause notices by Bangladesh Bank for selling USD at higher rates Bangladesh Bank yesterday issued show-cause notices to 11 banks for trading USD at prices higher than the inter-bank declared rates. The banks have been asked to reply to the notices within three days. The USD appreciated

Banks’ lending rate drops to 11.05% in January The lending rate in Bangladesh’s banking sector dropped to 11.05% in January this year from 12.32% one year ago, said Bangladesh Bank data released recently. The interest rate on deposit also fell to 6.21% from 7.26% during the same period. During the

Moody’s assigns Ba3 long-term ratings to EBL Eastern Bank Limited (EBL) has been assigned Ba3 long-term ratings by the world renowned credit ratings agency-Moody. EBL is the first Bangladeshi company to get the prestigious ratings from the Agency. The sovereign country rating of Bangladesh by Moody’s is also Ba3. Moody’s

Five state-owned commercial banks (SoCBs) among nine banks facing capital shortfall in Q1 Two more state-owned commercial banks (SoCBs) were included in the list of banks facing capital shortfall in the first quarter (Q1) of this calendar year. With the latest two, the total number of banks facing capital shortfall,

Five state banks to get listed by Oct Five state-run banks are set to get listed on the stock market by September as part of the government’s move to prop up the ailing bourse that has arguably dragged investor confidence down to rock bottom. A quarter of the shares of