BDT 1,137.0 billion loans regularized to overcome post-poll meltdown The country’s banking sector has regularized a total of BDT 1,137.0 billion from July 2013 to December 2015 during political turmoil following the national poll held on January 5, 2013. Of the total amount, banks have rescheduled BDT 823.9 billion and

Bangladesh Bank sells $45m more to three banks The central bank of Bangladesh has sold US$45 million more to three commercial banks to meet the growing demand for the greenback in the market. “We’ve sold the foreign currency to the banks on Wednesday at market rate to settle outstanding letters

SMEs deserve greater attention: Atiur Small entrepreneurs, particularly the young and women, deserve greater attention of the policymakers and regulators to help them grow and receive adequate financing, said a former central bank governor. “Despite many successes, SME financing still remains inadequate,” said the governor, Atiur Rahman. Assistance to small

City Bank to set up new subsidiary company The City Bank Ltd has informed that the Board of Directors has decided to set up a new subsidiary Company in Hong Kong and obtain money lender license. This is subject to approval from Bangladesh Bank and regulator in Hong Kong. City

Credit card, personal loan limits for consumer financing double Limits to credit-card and personal loans under consumer financing almost doubled to match rises in people’s purchasing power, officials said Tuesday. Bangladesh Bank (BB), country’s central bank, revised the limits after 13 years considering per-capita income, they explained. Under the revised