Investigation into BB heist continues A year after one of the most spectacular robberies of modern times, the authorities in Bangladesh are still trying to crack the case. Hackers into the country’s central bank sent instructions through SWIFT, a messaging network for cross-border payments, to transfer funds from the bank’s

Banking system trails economic growth pace Bangladesh’s banking system, especially the central bank, falls behind the country’s growth, creating a mismatch, says an expert. “If you look at the major indicators of Bangladesh’s economy, including GDP and budget, it has jumped many, many times over the decades. But the banking

Remittance inflow stays solid in March Remittances’ upbeat start to 2018 continued into March, which saw inflows soar 20.70 percent year-on-year to $1.3 billion on the back of the depreciation of the taka against the US dollar. The local currency has been depreciating against the American greenback for the last

Bangladesh Bank issues guidelines on banks’ credit card operation Bangladesh Bank has asked the scheduled banks not to impose rate of interest on credit cards more than 5.0% on the highest rate of interest they (banks) offer for other consumer loans. For example, if a bank offers consumer loans at

Al-Arafah Bank to issue bond of Tk 5.0b The board of directors of Al-Arafah Islami Bank has decided to issue Mudaraba Subordinated Bond worth BDT 5.0 billion to strengthen its capital base, said an official disclosure. The “AIBL 2nd Mudaraba Subordinated Bond” will be issued to strengthen Tier II capital