Al-Arafah bank sells 10.0% stakes The Islamic Corporation for the Development of the Private Sector or ICD, the private sector financing arm of the Islamic Development Bank, yesterday announced investment of about BDT 1.55 billion to acquire 10.0% stakes in Bangladesh’s Al-Arafah Islami Bank. Al-Arafah Islami Bank will issue around

BB, NY Fed, SWIFT vow again to work together to recover stolen fund The Federal Reserve Bank of New York, Bangladesh Bank and SWIFT have promised again to work together to recover the entire stolen money that the country’s central bank lost in a reserve heist on February 4, 2017.The

BB Chief urges Banks to shun aggressive lending The Bangladesh Bank (BB) Governor Fazle Kabir has advised the country’s banks to avoid aggressive lending to prevent accumulation of bad loans in the financial sector. As per the Governor, the banks should avoid aggressive lending, and should concentrate more on loan

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.47% (Jan 30’19) 4.48% (Jan 23’19) 0.01% Call Money Lending (Crore BDT) 4870.02 (Jan 30’19) 6138.38 (Jan 23’19) 20.66% Prices Weighted Average Deposit Rate 5.26% (Jan 31’19) 5.26% (Jan 24’19) 0.00% Weighted Average Lending Rate 9.49% (Jan 31’19)

Banks brimming with liquidity Country’s scheduled banks stayed overstuffed with liquidity as their liquid assets increased 6.0 per cent to cross Tk 2.78 trillion as of November 2016 compared to June. By official count, the June figure was Tk 2.62 trillion. The volume of banks’ liquid assets was Tk 1.24