ADB will provide Tk 1,275 crore to create employment


The Asian Development Bank (ADB) will assist small entrepreneurs in creating employment in Bangladesh. For this, the company is giving a loan of 150 million dollars. In Bangladeshi currency, the amount is about 1,265 crore Tk (85 Tk per dollar). The Department of Economic Relations (ERD) signed a loan agreement in Sher-e-Bangla Nagar on Monday … Read more

Bad loans hit Bangladesh banks for years


In any country, a safe and sound banking system is the sine qua non of a strong economy. By channelizing funds from savers to borrowers, banks help keep the wheels of the economy moving, in the way boosting the confidence of businesses, investors and consumers. But for years, state-owned banks in Bangladesh have been foundering … Read more

Bankers to enjoy 24 holidays in 2022


The Bangladesh Bank has released a holiday list chalking out 24 holidays for the schedule banks in the country in 2022. The Department of Off-site Supervision of the central bank released the holiday list on Monday and sent it to the managing directors and chief executive officers of scheduled banks to follow in 2022. Of … Read more