The unaudited operating profits of the country's private commercial banks (PCBs) witnessed a remarkable growth in 2017, mainly due to high credit growth to the private sector.Most of the banks saw the profit in the just-concluded calendar year riding on higher import payments, enhanced credit flow to the private sector,...
Read morePeople in Bangladesh hope the year 2018 appears today (Monday) as the bellwether of changes for the better despite risks ahead and uncertainties, especially in the banking sector, in the background.This happens to be the election year here as the polls have to take place sometime early January 2019 or...
Read moreAnti-Corruption Commission (ACC) on Sunday interrogated former AB Bank managing director Shamim Ahmed Chowdhury and former head of financial institute and treasury Abu Hena Mustafa Kamal over alleged money laundering from the bank.ACC director Syed Iqbal Hossain and assistant director Gulshan Anwar Pradhan quizzed them from 9:30 am till 5:00...
Read moreThe government would make some changes in the new VAT (value- added tax) law, providing for a couple of rates of the tax instead of the uniform 15 per cent.Finance Minister AMA Muhith said this Sunday while talking to newsmen about how the year 2017 was for Bangladesh in respect...
Read moreThe New Year has officially begun, as midnight passed in Samoa, Tonga and Christmas Island/Kiribati, the first places in the world to welcome 2018. Fireworks lit the sky during New Year's Eve celebrations in Sydney and South Korea, according to updates received until our going to press at 10:30pm. The...
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