Bank & Insurance

5 Shariah banks declared ineffective; boards dissolved ahead of merger

5 Shariah banks declared ineffective; boards dissolved ahead of merger

Bangladesh Bank (BB) has dissolved the boards of directors of five financially distressed Shariah-based banks, effectively declaring them ‘ineffective’, as part of a mo...

 Nov. 05
IMF to probe ‘NPL data concealment’ in Bangladesh’s banking sector

IMF to probe ‘NPL data concealment’ in Bangladesh’s banking sector

The International Monetary Fund (IMF) is set to launch an investigation into the years-long concealment of a staggering volume of non-performing loans (NPLs) in Bangladesh’s banking sector, seeking to identify those responsible for the large-scale cover-up.The global lender...

 Nov. 05

BB set to issue 7th investment sukuk bond worth Tk 2,500 crore

BB set to issue 7th investment sukuk bond worth Tk 2,500 crore The Bangladesh Bank is preparing to issue the 7th 'Bangladesh Government Investment Sukuk' (Islamic bond) valued at Tk 2,500 crore.The Sukuk is aimed at funding the Importa...

Nov. 04

IMF-WB proposes unified debt management office in Dhaka to strengthen public debt governance

IMF-WB proposes unified debt management office in Dhaka to strengthen public debt governance A joint International Monetary Fund (IMF) and World Bank technical assistance mission has recommended the establishment of a unified Debt Management Office (DMO) in Bangladesh to s...

Nov. 04