Pressure grows on BSEC to allow loan clearance with IPO proceeds
The securities regulator has come under intensifying pressure to lift the limit on using IPO (initial public offering) proceeds for bank loan repayments.Amid liquidity stress in banks due to a high volume of bad loans and the repayment burden on businesses caused by high interest rates, entrepreneurs and top bank...
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Home loan demand remains strong despite rising costs
Bangladesh's home loan sector is showing cautious resilience despite rising construction costs and soaring property prices that are squeezing middle-income homebuyers amid persistent inflationary pressures, according to Md Mahiul Islam, deputy managing director (DMD) of BRAC Bank."Despite these challenges, the sector's underlying fundamentals remain strong, as a decade of rapid...
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CITY BANK SUPPORTS CRITICAL PEDIATRIC CARE AMID MEASLES OUTBREAK-
CITY BANK SUPPORTS CRITICAL PEDIATRIC CARE AMID MEASLES OUTBREAKCity Bank PLC has stepped forward to support critical pediatric care facilities at two leading public healthcare institutions amid measles outbreak. At Bangladesh Shishu Hospital & Institute, City Bank is supporting the hospital's dedicated measles Intensive Care Unit (ICU) with essential life-saving...
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Shipping Corp profit falls over 15pc after ship purchase with FDR savings
Bangladesh Shipping Corporation posted a 15.61 per cent year-on-year decline in profit to Tk 637.60 million in Q3 of FY26 as interest income fell following the use of savings from fixed deposits to acquire new ships.Earnings per share slid to Tk 4.08 in the January-March quarter from Tk 4.95 in...
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