Depositors of five troubled Islamic banks, which are being merged, will be able to reclaim their funds. According to Bangladesh Bank sources, repayments could begin this week. Each depositor will be able to receive up to Tk200,000 per account. The funds will be disbursed from the deposit insurance fund managed by Bangladesh Bank. The banks […]

A working committee mandated by Bangladesh Bank has recommended extending the maturity of Beximco Ltd’s landmark Shariah-compliant green Sukuk by six years, following the issuer’s notification that it cannot repay investors’ principal when the bond matures in December 2026. The 21-member committee, led by the Investment Corporation of Bangladesh (ICB) — the Sukuk trustee — […]

Inflation in November this year increased to 8.29 percent, up from 8.17 percent in October. In November 2024, the inflation rate had stood at 11.38 percent. This information has emerged from the latest report released today, Sunday, by the Bangladesh Bureau of Statistics (BBS). According to BBS data, food inflation also rose slightly over the […]

A special meeting aimed at reinforcing and accelerating investment recovery efforts was held on Saturday at the head office of EXIM Bank, with the participation of ten key branches from the Dhaka Division. The meeting focused on reviewing branch-wise performance, assessing ongoing recovery initiatives, and setting out future targets. According to a press release, Md. […]