IFC provides $50m to Prime Bank to support trade, foreign exchange liquidity

“It is clear that the effects of COVID-19 are still being felt by many businesses across key industries in Bangladesh, effectively disrupting their operational capacity,” Alan Forlemu, Regional Industry Director, Financial Institutions Group , said the IFC. “This funding package has been specifically designed to help ensure that businesses in Bangladesh can continue to trade […]

BB asks banks to set up 60 per cent sub-branches outside municipal corporations, municipal areas

Sector insiders said discipline will be instilled in banking operations and operating costs will be brought down by following the instructions. Furthermore, directors and influential people force banks to pay high rents on their properties and buildings by setting up branches, sub-branches, or ATM booths. He said that this trend would come down after the […]