01Jun
01Jun
Formal negotiations for an EPA between Bangladesh and Japan for a post-LDC 2026.
Summary In order to secure the continuation of duty-free export facilities after Bangladesh leaves the list of least developed countries, and to attract more investment from the world's fourth-largest economy, Japan and Bangladesh have decided to formally start negotiations for the signing of an Economic Partnership...
05Mar
BSEC grants extension to 13 companies for ensuring regulatory compliance of 30% shareholder requirement
Summary: The Bangladesh Securities and Exchange Commission (BSEC) directed listed firms to ensure 30% shareholding by sponsors and directors. Non-compliant firms, including Active Fine Chemicals and Central Pharmaceuticals, face scrutiny. The commission appointed independent directors to six firms and granted a year for 13 others to...
05Mar
BB states that weak banks are likely to experience mergers and acquisitions.
Summary: It has been 52 years since a bank in Bangladesh has closed and the assurance is that none will close soon. However, weaker banks that are facing problems may consider mergers and acquisitions (M&A) to strengthen their capital base, as per the Bangladesh Bank. The...
05Mar
Tightening of the Appointment & Dismissal rules of bank’s MDs
Summary The new regulations mandate banking managing directors or CEOs to have 20 years of experience, aged 45-65, with a three-year tenure, requiring Bangladesh Bank approval for appointments. To ensure governance and depositor protection, candidates are interviewed by central banks and then assessed by a committee....
05Mar
Bar on family members of independent directors from owning bank share
Summary: The Bangladesh Bank has mandated that independent directors in banks must be aged between 45 and 75 and cannot have family members holding shares in the bank. Any complaints proven against them will result in actions taken by the Bangladesh Bank under the Bank Company...
30Dec
DSE is set to give compensation by using the investor protection fund to Defrauded customers
Summary: The Dhaka Stock Exchange (DSE) is set to distribute compensation to customers of four brokerage firms from the Investors' Protection Fund established almost a decade ago. Content: As per the Dhaka Stock Exchange (DSE), 8,561 customers have filed claims amounting to more than Tk200 crore until 1st...
30Dec
Limitations on Deposits and Troubled Banks categorized
Summary The Bangladesh Bank has recently introduced a new framework that aims to promote financial stability and maintain public confidence in the banking system. This framework categorizes troubled banks into four groups based on their non-performing loans (NPLs) and Capital to Risk (Weighted) Assets Ratio (CRAR). Content: As...
30Dec
More time has been given to shipbuilders to reschedule their loans
Summary: Shipbuilders in Bangladesh have been given an extra month to reschedule their defaulted loans. The Bangladesh Bank has extended the deadline to apply for rescheduling until December 31. To be eligible for the scheme, shipbuilders will need to make a down payment of 2.5 percent. Content: The...
30Dec