pexels-photo

VAT on Online Advertisement

National Board of Revenue (NBR) will deduct 15% vat on ads posted on social media platform Facebook, video sharing platform Youtube & search engine Google, according to a statement by Bangladesh Bank on Monday, 4th March, 2019. Banks have been provided with separate instructions by Bangladesh Bank. Instructions to the banks include ensuring VAT deduction from service receiver from the service
Read more
yourstory_loans

NPL rose to BDT 939 billion

The amount of classified loans rose more than 26% by the number of BDT 196.08 billion in the last fiscal year in spite of various measure taken by Bangladesh Bank. The amount of NPL was BDT 939.11 billion on 31 December, 2018 which was BDT 743.03 billion on the same date of 2017 according to BB. During the October-December period of
Read more
BB governor

Former Bangladesh Bank governor proposes fund for innovation, research

Former governor of Bangladesh Bank Dr. Atiur Rahman has proposed creation of a national innovation and research fund to encourage more young people to become entrepreneurs He made the proposal while addressing a seminar organised for youths by World Linkup at the Senate Building of Rajshahai University on Saturday, says a statement. Describing the youths as the main resources for building
Read more
bb2

Bangladesh Bank allows holding foreign loan collaterals without approval

In an effort to streamline international finance, the Bangladesh Bank has made provision for local commercial banks to hold collaterals on behalf of the on-resident lenders against external loans, availed by the state entities, without prior approval from Bangladesh Bank (BB).
"We've relaxed regulations allowing the authorised dealers (AD) banks to hold collaterals against external loans without prior approval from the
Read more
Bangladesh Bank (BB)

Bangladesh Bank Installing Monitoring Software

Bangladesh Bank(BB) is installing monitoring software on all its computers that would instantly alert the IT department of any cyber attack or suspicious activity. The installation of the new software began last week after hackers stole $101-million last month from a BB account at New York Federal Reserve Bank. US-based FireEye Inc has provided the BB with the monitoring software.
Read more
BangladeshBank

Bangladesh Bank Brings Back $20m Stolen Money

Bangladesh Bank has recovered US$20-million of the US$100-million that was digitally stolen by cyber criminals. Suspected Chinese-origin cyber criminals hacked the forex reserves in Bangladesh Bank's account with the US Federal Reserve Bank in New York on February 05. The money was later transferred into banks of the Philippines and Sri Lanka by using the online system.
Read more
Bangladesh Bank

Banglades Bank’s Forex Reserve In NY : Hackers Steal $100M

Around $100-million was illegally transferred online by hackers to the Philippines from the Bangladesh Bank’s foreign exchange reserve through its account with the Federal Reserve Bank of New York. The money was transferred online to a Philippines bank by suspected Chinese hackers on February 5th. The central bank authorities are negotiating with the Philippines authorities to bring back the money.
Read more
bb-logo-1wb_1

Six Banks Sign Deals With Bangladesh Bank In Refinance Scheme

Dutch Bangla, IFIC, South East, Standard Bank, Trust Bank and Standard Chartered, These six banks  have signed separate agreements with Bangladesh Bank to disburse low-cost, long-term foreign currency loans among manufacturers. The size of the fund is $300 million, banks can lend money for ventures in the productive industrial sectors and cannot charge more than 6.25 percent from the borrowers.
Read more