Investments by Islamic banking sector jump 19% The total investment in the country’s Islamic banking sector jumped 19% at the end of December 2017, over the same period of the previous year (2016). Statistics release by the central bank showed that total investments by the Islamic banking sector stood at

Bangladesh foreign exchange reserves rise to USD 33.11 billion Bangladesh’s foreign exchange reserves rose to USD33.11 billion at the end of April, USD709 million higher than one month earlier. The central bank on Sunday also said the reserves were up nearly 2% from one year earlier, reports Reuters. They are

57 banks charging double digit interest rates All 57 commercial banks in the country are charging double digit interest rates on loans from businesses, Bangladesh Bank (BB) says. Some banks are charging more than 15% interest rates on industrial loans, the central bank said in a report published in February.

Nine banks suffer Tk 194.67b capital shortfall in 2017 Nine banks, six owned by government, suffered an aggregate capital shortfall worth over Tk 194.67 billion in the last calendar year mainly as their swelling classified loans took a toll. Sources in the banking circles indicated a worrying feature of the

BB probe finds informal channels major reason of remittance inflow fall Bangladesh Bank (BB) investigation teams have identified informal channels, including mobile banking, as the major reasons for downward trend in country’s remittance inflow, reports BSS. “Non-Residence Bangladeshis (NRBs) are using informal channels for sending their money home due to