A new report by the IFC-facilitated Sustainable Banking Network (SBN) shows Bangladesh, Mongolia, and Nepal have identified green finance as a top priority for sustainably developing their financial sectors. The report- “Necessary Ambition: How Low-Income Countries Are Adopting Sustainable Finance to Address Poverty, Climate Change, and Other...
In response to the Covid-19 pandemic City Bank has introduced a mobile app for its working capital finance customers to ensure physical distancing, according to press release issued on Sunday. The customers are the distributors and retailers of local and multinational conglomerates. Through this app, customers will...
Bangladesh has embraced a wide range of financial inclusion since 2010 by allowing a vast population to open an account with an initial deposit of Tk 10 to Tk 100 as the government looked to bring the unbanked under the umbrella of the banking sector. As of...
The Asian Development Bank (ADB) has expanded the Trade Finance Programme (TFP) to support the private sector in Bangladesh, by raising its financing limit to $755 million from $518 million at the end of last year.
The TFP works with 12 partner banks...
The
cash incentive would be effective from July 1 this year
Bangladesh Bank (BB) on Tuesday issued a circular on providing 2% cash incentive for money to be remitted through banking channel into the country. The cash incentive would be effective from July 1 this...
Bangladesh's investment in the form of gold has gained value by over 37 per cent to reach around US$554 million over the last 10 years.
The country's central bank, for the first time on September 07, 2010, had purchased 10 tonnes of gold from...
Foreign direct investment (FDI) in developing countries has a bad reputation. In some discussions, it is presented as tantamount to postcolonial exploitation of raw materials and cheap labour. However, recent data shows that FDI in developing countries increasingly flows to medium and high-skilled manufacturing sectors, involving elevated...
The Asian Development Bank (ADB) today approved a $100 million loan to support the Government of Bangladesh in its efforts to address the immediate public health requirements of combatting the novel coronavirus disease (COVID-19) pandemic.
“ADB stands with Bangladesh in this difficult time when...
On top of the current targets for green banking, the Bangladesh Bank has set new plans for bank loan disbursements in financing green and sustainable projects.
The central bank's Sustainable Finance Department (FSD) issued a circular for banks in this regard Tuesday.
The Bangladesh Bank would release new currency notes worth up to Tk 30,000 crore on the market on the eve of Eid-ul-Fitr, one of the biggest religious festivals for the Muslims.
The denominations of new currency notes would include Tk 10, Tk 20, Tk 50,...