UCB gets new policy-makers Chairman of Masco and Maxim Group. M A Sabur was unanimously elected as Chairman of United Commercial Bank Limited in an emergency board meeting held Thursday at the corporate head office of UCB while Mr. Anisuzzaman Chowdhury was elected as Vice-Chairman. He is also the Director

Bangladesh Bank launches 2 short-term bills Bangladesh Bank on Tuesday introduced two short-term BB bills alongside the existing 30-day bill in a bid to make the liquidity management of the banking sector more effective and to implement the central bank’s monetary policy. The BB issued a circular to managing directors

BB to ask BTRC to set logical price of USSD, SMS Bangladesh Bank will request the Bangladesh Telecommunication Regulatory Commission to take initiative to set a logical price of unstructured supplementary service data (USSD) and short message service (SMS) for facilitating banks’ mobile financial services.The central bank will place the

Bangladesh Bank may approve City Bank’s share sale to IFC Bangladesh Bank considers allowing City Bank to sell its 5% equity shares to International Finance Corporation, the private sector arm of the World Bank Group, about eight months after the signing of the deal. The development came after a meeting

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.85% (Nov 21’19) 4.88% (Nov 21’19) 21.11 Call Money Lending (Crore BDT) 6,193.97 (Nov 28’19) 6,834.68 (Nov 21’19) 9.37% Prices Weighted Average Deposit Rate 5.60% (Aug ’19) 5.60% (Aug ’19) 0.00% Weighted Average Lending Rate 9.60% (Aug ’19)