Depositors Hold Firm as Merged Islamic Bank Regains Trust
DHAKA — A remarkable shift in customer sentiment is offering a crucial lifeline to the newly formed Combined Islamic Bank. …
Banking
Banking
Bangladesh State Debt to Banks Hits ৳9.40 Lakh Crore
DHAKA — Heavy fiscal pressures have compelled the Bangladesh government to borrow roughly ৳13,000 crore from the domestic banking sector …
Reformed Sharia Lenders Pay Out £160m to Depositors in Sector Recovery Drive
In a major breakthrough for Bangladesh’s banking sector, Sommilito Islamic Bank has officially begun returning funds to its depositors, dispersing …
Sammilita Islami Bank Commences Depositor Refunds Under Central Bank Supervision
Sammilita Islami Bank PLC has officially begun disbursing funds to its depositors, marking a pivotal moment in the state-backed effort …
Taka Eases Import Pressures as Foreign Currency Reserves Stabilise
Bangladesh’s monetary authorities have reported a welcome spell of stability in the foreign exchange market, easing concern amongst commercial importers …
Bangladesh Bank Releases Tk 5,000 Crore for Depositors
Bangladesh Bank has released Tk 5,000 crore to facilitate the repayment of deposits held with Sammilito Islami Bank, as tens …
Bangladesh Bank Increases Annual Overseas Travel Currency Ceiling to $18,000
In a significant regulatory relaxation designed to accommodate rising international expenditure, Bangladesh Bank has expanded the annual foreign exchange allowance …
Taka Rebounds as Foreign Exchange Market Regains Equilibrium
Bangladesh’s foreign exchange market has settled into renewed stability, with the US dollar pulling back from recent highs after temporary …
Bangladesh Tops Global Non-Performing Loan Rankings
Bangladesh has emerged as the country with the highest proportion of non-performing loans in the world, with nearly one-third of …
Global Banks Revive Their International Expansion Drive
After more than a decade of scaling back overseas operations, some of the world’s largest banks are once again looking …