Policy Review: Since the outbreak of the novel coronavirus, central banks from the South Pacific to the North Atlantic have slashed interest rates 103 times, injected trillions of dollars of liquidity into the financial system, launched a flurry of loan programs and bought bonds in a firefighting exercise to prevent a global recession from becoming [...]

What are the discouraged business areas of Trust Bank Ltd.?   Ans. Bank will not grant any facilities to the following business types: i). Bridge loan relying on equity/debt issuance as a source of repayment. ii). Counter parties in counties subject to UN sanctions. iii). Finance of speculative investments. iv). Finance of military equipments/weapons. v). [...]

What do you mean by Loan classification & Provisioning?   Ans. The loan classification & provisioning may be defined as a process by which the risks, associated with the loan accounts is identified and quantified to measure the level of reserves to be maintained by the Bank for providing those risky loans.   Classification means [...]

Ithmaar Bank B.S.C. :   Ithmaar Bank B.S.C. is a Bahrain-based licensed Islamic retail bank that is regulated by the Central Bank of Bahrain and provides retail, commercial, treasury & financial institutions and other banking services. Ithmaar Bank is a full service investment bank with its direct business covering the Middle East and North Africa (MENA) [...]

Bank Alkhair B.S.C. :   Bank Alkhair B.S.C. (former Unicorn Investment Bank) is an Islamic wholesale bank that offers financial advisory services. The Bank provides M&A, buyer and seller representation, fundraising, capital planning, financial restructuring, securitization transactions, and credit rating advisory services, capital structure analysis, and deal negotiation services. Bank Alkhair has representative offices in Saudi [...]

Bank ABC (Arab Banking Corporation B.S.C.): Bank ABC (Arab Banking Corporation B.S.C.) is among the leading banking groups in the Middle East and North Africa. Bank's network spreads over 22 countries in the MENA and GCC, Europe, the Americas and Asia. The Bank is licensed as a conventional wholesale bank by the Central Bank of Bahrain. [...]

Hryvnia (UAH)

Turkish Lira (TRL)

Thai Baht (THB)

Mashrur Arefin, Managing Director & CEO MA, University of Dhaka MBA, Victoria University, Melbourne, Australia   Mashrur Arefin started his career in 1995 with ANZ Grindlays Bank, Bangladesh, as a Management Trainee. The last position he held at ANZ was as Head of Consumer Finance, Bangladesh. He also worked in Standard Chartered Bank, Qatar and [...]

Mr Jonathan Alles   Managing Director / Chief Executive Officer (Executive Director) M.B.A. Finance (Stirling), A.I.B. Sri Lanka   Appointed an Executive Director on 1st May 2013 and Managing Director/Chief Executive Officer on 1st July 2013.   Mr Jonathan Alles holds a MBA from the University of Stirling, U.K. and is an Associate Member of [...]

Mashrur Arefin, Managing Director & CEO MA, University of Dhaka MBA, Victoria University, Melbourne, Australia   Mashrur Arefin started his career in 1995 with ANZ Grindlays Bank, Bangladesh, as a Management Trainee. The last position he held at ANZ was as Head of Consumer Finance, Bangladesh. He also worked in Standard Chartered Bank, Qatar and [...]

China

China

Japan

UK

UK

Switzerland

Canada

USA

USA

Policy Review: Since the outbreak of the novel coronavirus, central banks from the South Pacific to the North Atlantic have slashed interest rates 103 times, injected trillions of dollars of liquidity into the financial system, launched a flurry of loan programs and bought bonds in a firefighting exercise to prevent a global recession from becoming [...]

Adds Sri Lanka & Ghana :   Herewith the second draft of the 2021 calendar of meetings by central bank committees that decide monetary policy, which adds the schedules for the central banks of Sri Lanka and Ghana.   For Sri Lanka, the previously scheduled meeting on Jan. 21 has been changed to Jan. 19 [...]

Global Interest Rate: worldbanks.news publishes inflation targets for central banks as a complement to the Global Interest Rate Monitor (GIRM). Price stability is a common goal for central banks with some inflation targets set by governments while other targets are set by central banks. Other goals may include maximizing economic growth, optimal employment, exchange rate stability and [...]

Egypt

South Africa

South Africa

"Liberating the Entrepreneurship World" GAEFC is a well established and organized entrepreneurship conference for entrepreneurs who are ready to present their entrepreneurship services, skills and network to the global scene. The only entrepreneurship conference to provide finance strength to financially participating handicapped entrepreneurs, courtesy World Bank. The 3 days conference offers actionable advice, inspiration and [...]

 12 - 18 Dec 2020 Washington DC, USA The Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic [...]

  Financial Events   Singapore FinTech Festival 09 – 13 Nov 2020       Date: 09 – 13 Nov 2020 Venue: Singapore Expo, Singapore   “The world’s largest platform for the global FinTech community” Singapore FinTech Festival is the largest Financial Technology event in the world, providing a platform for the FinTech community to connect, […]

BOJ offers:   The Bank of Japan raised its economic assessment for three of the country’s nine regions and maintained its optimism on the remaining areas in a quarterly report, underscoring brighter prospects for the world’s third-largest economy.   The upgrade reflected a pick-up in private consumption and demand from emerging Asian economies, suggesting that [...]

Background: The Banking Companies Act, 1991 was enacted in February 1991 in order to make the role of Bangladesh Bank in dealing with licensing, monitoring, regulating and supervising the banking sectors. The Act was subsequently amended 3 (three) times in 1993, 1995 and 2013 which empowers Bangladesh Bank further.   Definition: Banking Company: "Banking Company" [...]

Policy Highlights: Central Bank News' Global Monetary Policy Highlights (GMPH) provides readers with an overview of key events in global monetary policy, such as new policy initiatives, a switch in policy bias, key rate changes or important speeches and papers.   GMPH includes a summary of each month’s total rate cuts and rate rises with a list [...]

Mashrur Arefin, Managing Director & CEO MA, University of Dhaka MBA, Victoria University, Melbourne, Australia   Mashrur Arefin started his career in 1995 with ANZ Grindlays Bank, Bangladesh, as a Management Trainee. The last position he held at ANZ was as Head of Consumer Finance, Bangladesh. He also worked in Standard Chartered Bank, Qatar and [...]

Mr Jonathan Alles   Managing Director / Chief Executive Officer (Executive Director) M.B.A. Finance (Stirling), A.I.B. Sri Lanka   Appointed an Executive Director on 1st May 2013 and Managing Director/Chief Executive Officer on 1st July 2013.   Mr Jonathan Alles holds a MBA from the University of Stirling, U.K. and is an Associate Member of [...]

Mashrur Arefin, Managing Director & CEO MA, University of Dhaka MBA, Victoria University, Melbourne, Australia   Mashrur Arefin started his career in 1995 with ANZ Grindlays Bank, Bangladesh, as a Management Trainee. The last position he held at ANZ was as Head of Consumer Finance, Bangladesh. He also worked in Standard Chartered Bank, Qatar and [...]