The Bangladesh Securities and Exchange Commission (BSEC) has approved a Tk 1,200 crore subordinated bond issued by City Bank, one of the country’s leading private banks. The seven-year bond aims to strengthen the bank’s Tier-2 capital and support its growing lending operations across corporate, retail, and SME sectors. The approval was granted during the 1007th […]

The National Board of Revenue (NBR) has launched a major initiative to digitally link taxpayers’ financial records with banks, enabling automatic access to essential information for tax filings. The programme is expected to reduce manual processes, minimise taxpayer inconvenience, and enhance transparency in revenue collection. Under the scheme, taxpayers will be able to link closing […]

The Bangladesh Bank is preparing to offer exporters offshore dollar loans at an interest rate of 8%, a significant reduction from the 14–16% charged on domestic currency loans. The central bank is expected to issue a formal circular shortly, detailing operational procedures and eligibility criteria for this new facility. The initiative aims to lower financing […]

Bangladesh’s central bank has sounded the alarm over a suspected attempt by vested groups to engineer instability in the country’s foreign-exchange market, exploiting global uncertainty stemming from the ongoing Middle East conflict. Officials at Bangladesh Bank say they have identified efforts to create an artificial dollar shortage by fuelling rumours of a steep depreciation of […]

Despite 36 years of possession, Jiban Bima Corporation (JBC) has yet to secure legal ownership of its 11-storey building and plot at 80 Motijheel, the commercial hub of Dhaka. The property, formerly the headquarters of Prudential Assurance Company, was transferred to JBC in 1989 through a power of attorney. Yet, the Dhaka Deputy Commissioner (DC) […]

AB Bank PLC has formalised a strategic partnership with iRONman Company Ltd. through the signing of a Memorandum of Understanding (MoU), aiming to provide dedicated financial support to the company’s network of listed dealers and distributors. The initiative will utilise AB Bank’s SME-focused programme, “UTTARAN”, designed to address the working capital and growth needs of […]

The financial health of Bangladesh’s banking sector has come under acute strain, as capital deficits surged to Tk2.82 lakh crore by the end of September 2025, pushing the overall position into negative territory. The sharp deterioration, highlighted in the latest report by Bangladesh Bank, reflects mounting defaulted loans and deep-rooted structural weaknesses in governance and […]

Bank Asia PLC has delivered an impressive performance in the first quarter of 2026, registering a net deposit growth of Tk 40.0 billion (BDT 4,000 crore) during the January–March period. This notable achievement reflects rising customer confidence and reinforces the bank’s reputation as a stable and progressive financial institution. The substantial increase in deposits is […]