94 news articles tagged with "Banking Sector"
Mutual Trust Bank PLC board approves Tk 500 crore Tier-II capital raising through 7-year Shariah-compliant or conventional subordinated bond, subject to regulatory approval, as Q2 2026 profit declines 42% YoY on higher interest expense.
Bangladesh Bank withdrew administrator team from Social Islami Bank (SIBL). Part of phased transition of merged Islamic banks. Follows Exim Bank withdrawal July 30. Regular management taking over.
Bangladesh Bank to withdraw administrators from merged Islamic banks by Aug 15. Sammilito Islami Bank gets new chairman and MD. Exim Bank administrator withdrawn July 30. 5 banks merged.
Bangladesh "mattress money" (currency outside banks) growing, signaling weak depositor trust. Weak financial condition of some banks slows deposit rebound. Currency stays hugely outside banks.
Bangladesh Bank lifted lending caps on Sonali Bank's 5 major corporate branches. Previous limits ranged Tk 50M-Tk 200M. Caps first introduced 2007 under World Bank reform programme, tightened after 2012 Hall-Mark scam.
Bangladesh banks cut deposit rates 50-100 bps from August 1, pushing yields to 8.50-9% against 9.16% inflation. BB cut policy rate to 9.50%. Surplus liquidity rose to Tk 3,27,877 crore. BIBM former DG questions move.
Anis Ahmed, founder and Group CEO of Singapore-based MGH Group operating in 26 countries, has been elected Chairman of Eastern Bank PLC (EBL) effective July 27, 2026. He previously served on EBL's Executive Committee and as Chairman of its Risk Management Committee.
Dhaka Bank PLC has signed a credit guarantee agreement with PKSF under the ADB-supported Credit Enhancement Scheme. The partnership will enable Tk 2,800 crore in guaranteed loans to marginal, cottage, and micro enterprises across Bangladesh in FY2026-27.
A technical fault at Rampal power plant's second unit has cut generation by half to below 600MW, even as Adani Power's Godda plant resumed supply after its own three-day shutdown.
Bangladesh's banking sector NPLs hit Tk 6,06,555 crore by June 2026, with just 10 banks accounting for 72% of the total — exposing deep governance failures and the cost of related-party lending.