Bancassurance now under discussion in financial sector A latest mechanism of bank-insurance partnership is now in the formative stage to facilitate the sale of insurance products through the banking channel. The proponents of partnership think it may change Bangladesh’s insurance landscape “dramatically”. Sources close to the process say the move

Banks plan to issue bonds to boost capital Many public and private banks have been considering issuing bonds next year to maintain the new international standards for capital adequacy ratio. Officials at the finance ministry and the Bangladesh Bank said the government has been considering releasing bonds to meet the

Eastern Bank Limited to get USD 40.0 million loan from DEG, FMO Development banks of Germany DEG and of Netherlands FMO will provide a term loan of USD 40 million to Eastern Bank Ltd (EBL), a leading private sector bank of the country, said a statement. Ali Reza Iftekhar, Managing

Bangladesh Bank (BB) to phase out magnetic strip-based bank cards Bangladesh Bank has taken initiative to phase out the use of magnetic strip in the credit and debit cards of scheduled banks to secure clients’ card-based transactions through ATMs and POS terminals from data skimmers under its National Chip Specification

Banks asked to give NRBs door-to-door services for remittance Bangladesh Bank on Sunday asked the top 20 remittance receiving banks to provide door-to-door services to non-resident Bangladeshis by appointing agents abroad to increase the inflow of remittance through the banking channel. The BB directive came after the country’s inward remittance