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A service for banking industry professionals · Sunday, January 5, 2025 · 774,235,299 Articles · 3+ Million Readers
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Bangladesh Banking Industry Newswire

  • Published on Jan 2, 2025

    BRAC Bank opens client service unit for international trade

    Thu Jan 2, 2025 08:32 PM Last update on: Thu Jan 2, 2025 08:54 PM Star Business Desk Thu Jan 2, 2025 08:32 PM Last update on: Thu Jan 2, 2025 08:54 PM BRAC Bank has opened a dedicated client service unit in a bid to facilitate international trade for its …

    Source: Daily Star - Neutral
  • Published on Jan 1, 2025

    Remittance hit all-time high in 2024

    Expatriate Bangladeshis sent home a record $26.9 billion, up 23 percent year-on-year, in a development that will bring a huge sigh of relief to policymakers as they endeavour to shore up strained dollar stockpile. The inflows saw a spike after the fall of …

    Source: Daily Star - Neutral
  • Published on Jan 1, 2025

    No bar on suing Nagad as new law takes effect

    The Bangladesh Bank can now take legal action against mobile financial service (MFS) provider Nagad Limited over alleged irregularities as the Payment and Settlement System Act, 2024 came into effect yesterday. The Financial Institutions Division of the …

    Source: Daily Star - Neutral
  • Published on Jan 1, 2025

    Sri Lanka’s key consumer price index fell 1.7% in Dec

    Sri Lanka's consumer price index fell 1.7 percent year-on-year in December after dropping 2.1 percent in the previous month, the statistics department said on Tuesday. The Colombo Consumer Price Index, a leading indicator for broader national prices, …

    Source: Daily Star - Neutral
  • Published on Jan 1, 2025

    Gold emerges as an attractive investment tool as prices jump

    Throughout 2024, gold seemingly became synonymous with price hikes amid economic turbulence, a weakening taka and plummeting interest rates on savings tools, making the precious metal a safe bet for middle and upper-middle-income people, according to …

    Source: Daily Star - Neutral
  • Published on Jan 3, 2025

    After 22 years, UAE branches of defunct BCCI finally liquidated

    The UAE branches of Bank of Credit and Commerce International (BCCI) have been liquidated some 22 years after the fraud-hit lender was shut down in one of the biggest banking scandals of the time. The Central Bank yesterday issued a statement confirming …

    Source: The National News - Label Pending
  • Published on Jan 2, 2025

    Nov pvt sector credit growth declines

    The private-sector credit growth fell significantly in November 2024 mainly due to a lower demand for loans, particularly for trade financing, amid ongoing uncertainties along with higher interest rates on lending, bankers say. The growth in credit flow to …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on Jan 2, 2025

    Track Ghana's foreign remittance to avoid begging for $3 billion – Dr. Atuahene to Mahama

    The banking consultant, Dr. Richmond Atuahene, says the incoming administration must keep an eye on the foreign remittance sector to avoid borrowing from the World Bank and seeking assistance from the International Monetary Fund (IMF) for US$3 billion. He …

    Source: GhanaWeb - Neutral
  • Published on Dec 31, 2024

    Challenges and priorities for 2025

    Macroeconomic management will remain a formidable challenge for Bangladesh in the coming year. Containing inflation, bolstering foreign exchange reserves and dealing with overstretched banks will be critical priorities. Many financial institutions are …

    Source: Daily Star - Neutral
  • Published on Dec 31, 2024

    Economy to see muted recovery in 2025

    Will smaller rotis at roadside eateries return to their previous regular size next year? Will a Tk 500 note again fill up the shopping bag holding kitchen items? Or, will several lakh graduates, who have been poring over newspaper recruitment …

    Source: Daily Star - Neutral
  • Published on Jan 1, 2025

    Stocks begin 2025 with modest gains

    The stock market in Bangladesh began the new year on a positive note, with major indices showing an uptick on the first trading day of 2025. The DSEX, the broad index of the Dhaka Stock Exchange (DSE), rose by 0.03 percent to close at 5,218 points, marking …

    Source: Daily Star - Neutral
  • Published on Jan 1, 2025

    Businesses’ 2025 wish list is long, but political stability tops all

    Businesses hope for the year 2025 to bring about stability as normalcy has started to be restored in businesses following turbulent times both at home and abroad. Local businesses have been severely affected from some internal and external issues over the …

    Source: Daily Star - Neutral
  • Published on Jan 2, 2025

    Private credit growth drops to 3.5-year low in November

    Private sector credit growth in November 2024 fell to a 3.5-year low, decreasing by 66 basis points from October. This slowdown is attributed to weakened loan demand, a dearth of new investments, and a surge in investment in government treasury bills and …

    Source: The Business Standard - Neutral
  • Published on Jan 1, 2025

    ONE Bank gets new DMD

    ONE Bank has promoted Md Anwarul Islam to the post of deputy managing director (DMD) with effect from January 1 this year. Prior to his promotion to DMD, Islam was concurrently serving the bank as a senior executive vice-president, chief legal officer and …

    Source: Daily Star - Neutral
  • Published on Jan 1, 2025

    BRAC Bank wins Remittance Award 2024

    Wed Jan 1, 2025 09:23 PM Last update on: Wed Jan 1, 2025 09:50 PM Star Business Desk Wed Jan 1, 2025 09:23 PM Last update on: Wed Jan 1, 2025 09:50 PM BRAC Bank has been awarded with the "Remittance Award 2024" by the Ministry of Expatriates' …

    Source: Daily Star - Neutral
  • Published on Dec 31, 2024

    BB eases forex rules for uprising victims’ medical treatment abroad

    The Bangladesh Bank (BB) today relaxed the limit on foreign currency that can be taken abroad for the treatment of individuals injured during the July-August mass uprising that ousted the previous regime. The foreign currency limit for medical treatment …

    Source: Daily Star - Neutral
  • Published on Jan 2, 2025

    Taka loses 12.72pc value in 2024 as dollar strengthens

    The Bangladesh Bank (BB) increased the US dollar exchange rate by Tk12 in 2024, resulting in a 12.72 per cent depreciation of the local currency, the taka, over the year. A central bank data analysis shows that the central bank fixed the dollar exchange …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on Dec 30, 2024

    BB plans to raise exchange rate amid forex volatility

    After seven months of implementing a crawling peg exchange rate system in spot purchases and sales of US dollars, the Bangladesh Bank (BB) is now considering increasing the mid-rate to Tk 119 from Tk 117 per greenback, according to central bank officials. …

    Source: Daily Star - Neutral
  • Published on Dec 30, 2024

    Economic woes far from over

    Just a year ago, this newspaper ran a story leaving a question for our readers as to whether Bangladesh would be able to put its economy back on track in 2024. As we look back, the nation is set to bid farewell to one of the most significant years -- both …

    Source: Daily Star - Neutral

01 days 18:30:28

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