Dash-8 crash adds to woes of Biman
Just two months ago, Biman Bangladesh Airlines shelled out $559,000 (Tk 4.7 crore) for thorough upkeep of a Bombardier Dash-8
21 May 2019, 18:00 PM
BB needs operational independence
Operational independence is needed for Bangladesh Bank to take supervisory actions and stop the government’s interference in the
12 May 2019, 18:00 PM
Loans getting costlier amid cash crunch
In the last one and a half years a home loan borrower of Delta Brac Housing (DBH) has experienced a hike in his interest rate three times.
7 May 2019, 18:00 PM
Biman ticket sale shoots up
Biman Bangladesh Airlines has seen a sharp rise in ticket sales which the aviation ministry claims was due to a drive against corruption in ticketing.
7 May 2019, 18:00 PM
Biman to resume Dhaka-Delhi flight as Jet Air bows out
Biman Bangladesh Airlines is set to resume direct flight operations between Dhaka and Delhi after a five-year gap following Jet
20 April 2019, 18:00 PM
Regent cuts fleet size to beat financial woes
Regent Airways has moved to shave off two aircraft from its fleet as part of its plan to ride out the financial crisis the local airline has
13 April 2019, 18:00 PM
Insurers' premium income goes up
The insurance sector's income growth from premium hit an eight-year high last year thanks to heightened efforts by insurers to revive lapsed insurance policies.
30 March 2019, 18:00 PM
Sonali Bank: once bitten, twice shy
Sonali Bank has emerged as an anomaly in the banking sector, logging in almost half the loan-deposit ratio than other banks last year, at a time when most were gasping to contain their ratio to within the authorised limit.
27 March 2019, 18:00 PM
Islami Bank lending aggressively
Islami Bank's new management has taken on a spirited approach to lending, with its loan-deposit ratio sitting dangerously close to the
15 October 2017, 18:00 PM
Islami Bank to sell property of three SA Group units
Islami Bank has moved to sell off the mortgaged property of three companies owned by Chittagong-based SA Group to recover default loans of Tk 573.74 crore.
10 October 2017, 18:00 PM
Seven banks fined for flouting stockmarket rules
The central bank has fined seven banks for violating stockmarket rules by way of miss-reporting on share investment and over-
8 October 2017, 18:00 PM
Jamuna Bank: aiming for the top spot
Five years ago, with forged documents, Bismillah Towels made off with Tk 180 crore from Jamuna Bank -- an incident that instigated wholesale changes in the way the third generation lender functions.
27 September 2017, 18:00 PM
Social Islami Bank buys into IDB's real estate fund
Social Islami Bank is set to invest $2 million in a real estate-focused private equity fund managed by the Islamic
23 September 2017, 18:00 PM
State banks miss loan recovery target
All four state-owned commercial banks failed to recover loans from the top 20 defaulters as per targets set by the
18 September 2017, 18:00 PM
BB not giving new Islamic banking licences
More and more banks are showing interest in converting into full-fledged Islamic banks but the central bank is not giving new licences for the expansion of the shariah-compliant finance.
17 September 2017, 18:00 PM
Agent banking accounts soar 60pc
About 3.3 lakh agent banking accounts were opened in the first half of the year -- an increase of 60.18 percent --
11 September 2017, 18:00 PM
Interest rate on deposits rises for the first time in 2.5yrs
The interest rates on deposit crept up in July, breaking a downtrend of two and a half years on the back of a rising private sector credit demand.
7 September 2017, 18:00 PM
Institutional investors give stocks a new lease of life
Low-cost funds from banks have prompted institutional investors to borrow more to invest in the stockmarket,
6 September 2017, 18:00 PM
Janata lenient over Beximco misconduct
In 2012, Janata Bank issued a loan guarantee of Tk 243 crore to Mashreq Bank for Beximco Group on condition that
6 September 2017, 18:00 PM
Private credit growth hits five-year high
Private sector credit growth in July stood at 16.94 percent -- the highest in five years and well above the target of 16.2 percent set in the monetary policy for the first half of the fiscal year.
30 August 2017, 18:00 PM
Crop insurance gains popularity
Crop insurance, being piloted in three districts, is gaining popularity among farmers as it helps ride out crop losses from natural disasters.
28 August 2017, 18:00 PM
Foreign funds treble in stocks
Net foreign investment in the capital market more than tripled to Tk 1,569 crore in the first seven months of 2017 compared to the same period last year riding on the positive movement of price indices.
24 August 2017, 18:00 PM
Default loans fall as state banks beef up efforts
Default loans declined 0.4 percentage points to 10.13 percent in second quarter of the year thanks to spirited performance by state banks in recovery.
17 August 2017, 18:00 PM
Graft brings People's Leasing to its knees
People's Leasing and Financial Services, an A-grade stock as recently as 2014, has been reduced to rubble by rampant corruption by its previous set of directors.
15 August 2017, 18:00 PM
Leading by example: EBL
Bangladesh has an excess number of banks at present, which has given rise to unhealthy competition, said Ali Reza Iftekhar, managing director of Eastern Bank Limited.
14 August 2017, 18:00 PM
Rupali's share price spiralling abnormally
Rupali Bank's stock price soared 106 percent since June 29 even though the state-owned lender's non-performing loan ratio, a barometer of its financial health, has been on the rise.
13 August 2017, 18:00 PM
Consumer credit jumps 31pc
The banking sector posted a significant jump in consumer lending last year riding on growing purchasing power of the middle class.
12 August 2017, 18:00 PM
Lafarge wants to remit Tk 950cr to buy Holcim shares
Lafarge Surma Cement wants to remit $117 million (about Tk 950 crore) to the Netherlands to complete the process of buying its shares in Holcim Cement Bangladesh.
8 August 2017, 18:00 PM