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A fresh channel of feeding into depleting forex purse

2024-08-04 00:00:00

OFFSHORE BANKING

A refurbished framework of offshore banking raises hope for repleting Bangladesh's depleting foreign-exchange reserves as commercial banks started enjoying good response, especially from the countries...

BRAC Bank offers highest return, and also security

2024-08-04 00:00:00

OFFSHORE BANKING

Question (Q): Why will customers invest in your offshore banking products?Answer (A): BRAC Bank provides safety to the depositors as the bank maintains highest standard...

'Response is encouraging'

2024-08-04 00:00:00

OFFSHORE BANKING

Offshore Banking Act 2024 enacted by Bangladesh Parliament with aim to reinforce the nation's foreign currency reserve and attracting foreign investment. It has the capacity...

'Mercantile Bank expects to raise OBU deposit balance to US$ 10m by year-end'

2024-08-04 00:00:00

OFFSHORE BANKING

Offshore Banking refers rendering separate banking services in foreign currencies within the bank following separate laws and regulations of the Regulatory bodies. Offshore Banking is...

‘Islami Bank prepares for surge in offshore deposits with enhanced services’

2024-08-04 00:00:00

OFFSHORE BANKING

The recent expansion of operational freedom for offshore banking is potentially leading to notable successes, particularly in enhancing the country's foreign exchange reserves and attracting...

'NCC Bank hopes to attract sizeable deposits with unique marketing strategies'

2024-08-04 00:00:00

OFFSHORE BANKING

We are receiving very positive responses from both residents and non-residents residing in different countries. We are expecting to receive a significant amount of FC...

A tool to boost reserves

2024-08-04 00:00:00

OFFSHORE BANKING

Offshore banking until recently has not been an issue of importance in Bangladesh. Banks did not pay any notable attention to this particular aspect of...

‘Country rating matters in offshore banking’

2024-08-04 00:00:00

OFFSHORE BANKING

Offshore Banking was introduced in Bangladesh by Bangladesh Bank on December 17, 1985 through a circular. Since then, offshore banking has been in Bangladesh as...

'Offshore banking needs extensive promotion'

2024-08-04 00:00:00

OFFSHORE BANKING

In Bangladesh, offshore banking started in the mid-1980s, targeting to serve foreign-owned enterprises in Export Processing Zones (EPZs) initially. Over time, the sector has expanded...

'In addition to attractive profit, SIBPLC offers priority services'

2024-08-04 00:00:00

OFFSHORE BANKING

Question (Q): According to Bangladesh Bank's new circular, what steps have you taken regarding offshore banking?Answer (A): Social Islami Bank PLC has launched the Mudaraba...

Ensuring Cybersecurity for MSMEs

2024-07-08 00:00:00

POLICY DIALOGUE ON MSME DIGITAL SECURITY AND DATA PROTECTION CHALLENGES

Talks about transforming the country into a Smart one through proper digitization are becoming increasingly louder. While progressing towards that goal, it is necessary to...

Let's work together to save Earth

2024-06-05 00:00:00

WORLD ENVIRONMENT DAY 2024

The focus of this year's World Environment Day (WED), as we see clearly, is on recovering degraded land and restoring the world for future generations....

Killing two birds with one stone

2024-06-05 00:00:00

WORLD ENVIRONMENT DAY 2024

The Bangladesh Government has set ambitious targets to ramp up renewable energy integration in Bangladesh. Bangladesh intends to reduce carbon emissions by 6.73 per cent...

BD makes strides in land restoration

2024-06-05 00:00:00

WORLD ENVIRONMENT DAY 2024

The theme for World Environment Day 2024 is "Land Restoration, Desertification, and Drought Resilience." This year emphasises the critical importance of restoring degraded lands, combating...

Elite Steel committed to a Green Future

2024-06-05 00:00:00

WORLD ENVIRONMENT DAY 2024

Steel is an essential raw material in fast growing Bangladesh. As villages evolve into towns and cities expand, the pace of construction increases, so too...

Umrah Card in Bangladesh

2024-05-30 12:00:00

HOLY HAJJ 2024

For the first time in the country, the National Bank Limited has introduced an Umrah card under the Mastercard branded multi-currency prepaid card. The inauguration...