Three more banks coming up soon according to the Finance Minister Finance Minister said that the government is going to give license for establishing three more banks, ruling out any mess in the country’s banking sector. Defending the government move for allowing more banks in business, the Finance Minister said

Consumer loans see steep rise Consumer financing by the banking sector saw a significant rise during the last year thanks to falling lending rates and rising purchasing power of the country’s middle-class. Consumer credit rose 28.22% year-on-year to BDT 369.83 billion in 2016 from BDT 288.43 billion a year ago,

Doha Bank opens in Bangladesh Doha Bank has formally opened a representative office in Bangladesh, the first bank from the Gulf region to do so. The office has been launched to support Bangladeshi investors and their investment in the Gulf region. R Seetharaman, chief executive officer of Doha Bank, made

Bangladesh Bank asks Al-Arafah not to sell stake to foreign investors Bangladesh Bank did not allow Al-Arafah Islami Bank to sell 10.0% of its shares to Saudi-based Islamic Development Bank (IDB). The Islamic Corporation for the Development of the Private Sector or ICD, the private sector financing arm of IDB,

BB to announce H2 monetary policy on Jan 29 Bangladesh Bank is likely to announce on January 29 the monetary policy for the second half (January-June) of the current fiscal year 2017-2018 keeping ‘unchanged’ the private sector credit growth target set out for the period in the MPS for the