Banking

Islami Bank Bangladesh Limited Cox’s Bazar and Ramu Branches organized a biannual conference of its Rural Development Scheme (RDS) at a local auditorium of Cox’s Bazar on 16 August 2019. Professor Md. Nazmul Hassan, Ph.D, Chairman of the Bank addressed the conference as chief guest. Presided over by Md. Mahbub ul Alam, Managing Director & CEO of the Bank, the ... Read More »

Islami Bank Bangladesh Limited organized discussion and doa program observing the National Mourning Day and the 44th martyrdom anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman at Islami Bank Tower on 14 August 2019, Wednesday. Professor Dr. Qazi Shahidul Alam, Director of the bank addressed the program as chief guest. Presided over by Md. Mahbub ul Alam, Managing ... Read More »

Islami Bank Bangladesh Limited distributed relief among 700 families of flood affected area at Chander Hat Degree College playground in Sadar Upazila, Nilphamari on 6 August 2019, Tuesday. Read More »

Islami Bank Bangladesh Limited inaugurated its Agent Banking Outlet in Srimantapur of Sadar Dakkhin Upazila, Cumilla on Saturday, 3 August 2019. Read More »

Dhaka, July 31 – The Bangladesh Bank (BB) set the targets of credit growth in public and private sectors at 24.3 per cent and 14.8 per cent respectively for the fiscal year 2019-20 amid the shrinking demand for credit. Read More »

Islami Bank Bangladesh Limited Munshigonj Branch organized Business Development Conference of its Rural Development Scheme on 26 July 2019, Friday at the branch premises. Md. Mahbub ul Alam, Managing Director and CEO of the bank addressed the conference as chief guest. Md. Abdul Jabbar, Deputy Managing Director and M. Zubayer Azam Helali, Executive Vice President addressed the program as special ... Read More »

Islami Bank Bangladesh Limited organized business development conference at the Jamuna Future Park Convention Center in Dhaka on 27 July 2019, Saturday. Prof. Md. Nazmul Hassan, PhD, Chairman of the Bank addressed the program as Chief Guest. Md. Mahbub ul Alam, Managing Director & CEO presided over the program. Prof. Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Executive Committee, Prof. ... Read More »

A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on 25 July 2019, Thursday at Islami Bank Tower. Presided over by Professor Md. Nazmul Hassan, Ph.D, Chairman of the bank, the meeting was attended by Md. Shahabuddin, Vice Chairman, Directors, Md. Mahbub ul Alam, Managing Director & CEO and JQM Habibullah, FCS, Deputy Managing Director ... Read More »

Dhaka, July 23 – The High Court on Tuesday issued a rule asking authorities concerned to inform it within 10 days why the Bangladesh Bank circular providing special privileges to loan defaulters should not be declared illegal. Read More »

S. Brian Samuel – July 17, 2019 In June I participated in the biannual Private Equity & Infrastructure Development Conference hosted by the Development Bank of Jamaica (DBJ) in Kingston. This year I had the pleasure of moderating a panel on the privatization of the Kingston Container Terminal and joined a practitioner’s workshop on Implementing Climate Resiliency in Jamaica’s PPPs. ... Read More »

Beijing, July 12 (Xinhua/UNB) — From a currency that barely registered in the international market to one with worldwide recognition, Chinese yuan’s rise on the global stage over the past decade is a testament to China’s growing economic clout and unwavering opening up. Since July 2009 when the yuan’s global journey started with a pilot scheme allowing for yuan settlements ... Read More »

Islami Bank Bangladesh Limited inaugurated its 500th Agent Banking Outlet at Alfadanga Bazar of Faridpur on 8 July 2019, Monday. Md. Abdul Jabbar, Deputy Managing Director of the Bank inaugurated the outlet as chief guest. Presided over by Md. Maksudur Rahman, Executive Vice President and Head of Khulna Zone, the program was addressed by Saifur Rahman, Mayor of Alfadanga Pourashabha, ... Read More »

It can accelerate progress, empower women, she says Dhaka, July 10 – UN Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) Queen Maxima on Wednesday said financial inclusion can empower women and accelerate Bangladesh’s progress and noted significant progress made so far in the country. “Financial inclusion has increased from 31 percent in 2014 to 50 percent in 2017 ... Read More »

Dhaka, Jul 10 (UNB) – A security firm says deepfaked audio is being used to steal millions of pounds, reports the BBC. Symantec said it had seen three cases of seemingly deepfaked audio of different chief executives used to trick senior financial controllers into transferring cash. Deepfakes use artificial intelligence to create convincing fake footage. The AI system could be ... Read More »

Dhaka, July 08 – The Appellate Division of the Supreme Court (SC) yesterday stayed for two months a High Court order that imposed a status-quo on a Bangladesh Bank circular that had allowed special concession for loan defaulters by rescheduling their loans with a repayment period of up to 10 years. “Stay for two months,” the four-member Appellate Division bench ... Read More »

Dhaka, Jul 2 (UNB) – The Chamber Judge on Tuesday stayed a High Court order that directed to maintain a status-quo on a Bangladesh Bank policy offering special privileges to loan defaulters. Justice Md Nuruzzaman passed the order after hearing an appeal filed by the Finance Ministry. A full bench of the Appellate Division will hear the appeal on July ... Read More »

Dhaka, June 30 (UNB) –  BNP senior leader Nazrul Islam Khan on Sunday termed imaginary Prime Minister Sheikh Hasina’s comment that BNP’s ‘nomination trade’ during the 11th parliamentary election swelled Bangladeshis’ deposits in the Swiss banks. Speaking at a human-chain programme, he also said the national budget passed in parliament on Sunday will not only push up profits of businessmen, ... Read More »

Dhaka, June 29 (UNB) – Former Bangladesh Bank Deputy Governor Khondkar Ibrahim Khaled on Saturday underscored the need for reforming the country’s banking sector for proper implementation of the national budget for 2019-20 fiscal year. “Default loans must be recovered, tax collection should be increased and legal obstacles to the banking sector have to be removed for proper implementation of ... Read More »

Islami Bank Bangladesh Limited has provided foam bed and water purifying machine to use at Ashkona Hajj Camp for the Hajj pilgrims in the year 2019. Abu Reza Md. Yeahia, Deputy Managing Director of the Bank handed over the materials to Saiful Islam, Director of Ashkona Hajj Camp on 27 June 2019 Thursday. The Bank provides such service to Hajj ... Read More »

Dhaka, Jun 27 (UNB) – Farmers will be able to take loan at 4 percent interest for producing non-major food grains, said State Minister for Rural Development and Co-operatives Division Shawpan Bhattacharjee in Parliament on Thursday. A project titled ‘Production and Marketing of Nutrition-rich and High Priced Non-major Food Grains aiming to Alleviate Poverty’ will soon be implemented by Bangladesh ... Read More »

Dhaka, Jun 23 (UNB) – BNP senior leader Khandaker Mosharraf Hossain on Sunday said their party is waiting to see what action the government takes against those top loan defaulters whose names were unveiled in parliament. “The names of 300 top loan defaulters were placed in parliament on Saturday. They’re not repaying around Tk 51,000 crore of people,” he said. ... Read More »

Dhaka, Jun 22 – Finance Minister AHM Mustafa Kamal on Saturday placed in Parliament the list of 300 top loan defaulters of the country involving Tk 50,942 crore (Tk 509bn). The Finance Minister made the disclosure while responding to a tabled written question from ruling party MP Israfil Alam. He said these loan defaulters took loans from all banks and ... Read More »

A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh Limited was held on 19 June 2019, Wednesday at Islami Bank Tower. Sheikh Moulana Mohammad Qutubuddin, Chairman of the Committee presided over the meeting. Md. Mahbub ul Alam, Managing Director & CEO of the bank, Dr. Mohammad Abdus Samad, Member Secretary and other members of the committee attended the ... Read More »

Sangsad Bhaban, Jun 19 (UNB) – Though Bangladesh has made a good progress on economic front, the crisis in the economic sector remains to be a barrier to its way to further development, Workers Party chief Rashed Khan Menon said on Wednesday. “No one is unaware about looting in the banking sector, anarchy and indiscipline,” he said taking part in ... Read More »

Dhaka, Jun 17 (UNB) – Prime Minister Sheikh Hasina on Monday told Parliament that there is no liquidity crisis in the banking sector insisting that certainly there is money in banks. “It’s said there’s no money in the banks. Why don’t they (the banks) have money? Of course, the money is there. But, there is no money to be looted,” ... Read More »

Dhaka, May 21 – The Chief Metropolitan Magistrate (CMM) Court of Dhaka on Tuesday set July 2 to submit probe report in the case lodged over Bangladesh Bank reserve heist that took place in 2016. Magistrate Sadbir Yasir Ahsan Chowdhury of the CMM Court set the date as the investigation agency CID did not submit the report on Tuesday. Hackers ... Read More »

Dhaka, May 19 – Bangladesh’s Central Bank has raised the transaction limit of banking through mobile financial services (MFS). According to a Bangladesh Bank circular issued on Sunday, an account holder can do cash-in on five occasions a day and the total amount of cash will be Tk 30,000 instead of existing Tk 15,000. The total number of monthly cash-in ... Read More »

Dhaka-Islami Bank Bangladesh Limited organized an exchange of views and Iftar program in honor of top executives of Bangladesh Liaison office of the Foreign Exchange Houses’ on 9 May 2019, Thursday at a hotel in Dhaka. Md. Mahbub ul Alam, Managing Director & CEO of the bank was present in the program as chief guest. Presided over by Hasne Alam, ... Read More »

Dhaka- Islami Bank Bangladesh Limited signed a Memorandum of Understanding (MoU) with Minister Hi-Tech Park Limited at Islami Bank Tower on Tuesday, 30 April, 2019. In presence of Md. Mahbub ul Alam, Managing Director & CEO, Mohammed Monirul Moula, Additional Managing Director of the Bank and Dilruba Tanu, Managing Director of Minister Hi-Tech Park, Abu Reza Md. Yeahia, Deputy Managing ... Read More »

WASHINGTON DC, Apr 24 2019 (IPS) – Within a few short months after taking up her post as governor of the Central Bank of Russia in 2013, Elvira Nabiullina faced a growing economic crisis brought on by plunging oil prices, geopolitical tensions, and sanctions. By December 2014, the exchange rate and the banking system were under severe pressure, and the economy ... Read More »