United Commercial Bank (UCB) has issued a detailed clarification in response to potential misinterpretations arising from a recent media report, emphasising that there exists no restriction or limitation in its communication with the country’s market regulator. The bank underscored that its interactions with regulatory authorities have always been open, professional, and constructive—a reflection of its […]

Although weak banks have been kept afloat through liquidity support, nine non-banking financial institutions (NBFIs) in the country are now on the verge of closure due to mounting bad loans. Bangladesh Bank has assured depositors that, similar to banks, the liquidation process will return their deposits. However, economists have advised reconsidering whether a fund could […]

Bangladesh Bank has acquired an additional $149 million through its ongoing foreign exchange auctions, collecting the funds from 16 commercial banks across the country, a spokesperson confirmed on Thursday, 11 December. The central bank’s official, Arif Hossain Khan, explained that the initiative is part of a broader strategy to support exporters and remittance earners, while […]

In a decisive bid to invigorate the nation’s industrial sector, Bangladesh Bank has unveiled a set of measures designed to simplify the importation of capital goods, a move anticipated to stimulate investment and streamline industrial operations across the country. Under the newly announced guidelines, industrial investors may now import machinery and other essential capital goods […]