Standard Chartered Bank arranges BDT 650.0 million bond for ACI Godrej Standard Chartered Bank has arranged BDT 650.0 million Zero Coupon Bond for ACI Godrej Agrovet Private Limited, a joint venture company formed by ACI Limited of Bangladesh and Godrej Agrovet Limited of India. This is the fourth Zero Coupon

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.48% (Aug 01’19) 3.67% (Jul 24’19) 22.07% Call Money Lending (Crore BDT) 8,653.08 (Aug 01’19) 9,266.60 (Jul 24’19) 6.62% Prices Weighted Average Deposit Rate 5.43% (Aug 01’19) 5.46% (Jul 18’19) 0.55% Weighted Average Lending Rate 9.48% (Aug 01’19)

Social Islami Bank faces ‘hostile’ takeover After the top-level management of Islami Bank Bangladesh Ltd (IBBL) was removed, forcibly according to critics, on January 5 this year, Social Islami Bank Ltd (SIBL) on Monday faced a similar series of drastic changes to its upper echelon. SIBL Chairman Major (Retd) Dr

Bangladesh Bank appoints new chief economist Bangladesh Bank has recently appointed Faisal Ahmed as its chief economist. Ahmed has been serving as the senior economic adviser to the governor of Bangladesh Bank since August 2015. Previously, he was the IMF resident representative in Cambodia during 2011-2015, a senior economist in

Private sector credit growth in September falls slightly Private sector credit growth fell slightly again in September mainly due to lower payment obligations particularly back-to-back imports for ready-made garment (RMG) sector, officials said. The growth in credit flow to private sector came down to 15.3% in September 2016 on a