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Beautiful Bangladesh Exclusive New 10 Minute Clip

Farmers Bank hits controversy

Rubel Brothers and Apollo Multipurpose Agro Industries are loan defaulters of state-owned BASIC and Janata banks respectively and yet had no trouble getting fresh loans from the Farmers Bank.

The bank itself managed fake credit information bureau reports for the two clients to enable them to qualify for loans, Bangladesh Bank said in a report.

This is part of a long list of irregularities that the newly-established bank indulged in. The bad lending practices have now come out in the open after a central bank study.

Swift Code

Swift Code All BAnk

Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them.

The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. The code formatted as below;

Ultra-low interest rates could be here to stay, says Bank of England adviser

Monetary policy committee member Gertjan Vlieghe says debt, demographics and distribution of income could all depress interest rates for years to come

The prospect of ultra-low interest rates persisting for years to come has been conjured up by a leading Bank of England policymaker after a further fall in oil prices and shares in London sinking to their lowest level since late 2012.

Gertjan Vlieghe, one of the nine members of Threadneedle Street’s monetary policy committee, the body that sets the official cost of borrowing, said debt, demographics and distribution of income could all depress interest rates.

Bangladesh Bank

Sovereign ratings of Bangladesh

Bangladesh achieves Ba3(Moody's) and BB-(Standard and Poor's) with stable outlook for the 6th consecutive years. Stable real GDP growth and strong external balances have helped Bangladesh

Rajshahi Krishi Unnayan Bank

Rajshahi Krishi Unnayan Bank (RAKUB) is a state-owned bank in Bangladesh with regional approach. The bank emerged as the government's plan of intensive care to agriculture of Rajshahi and Rangpur administrative divisions providing livelihood to 35 million people of the area. The region is less developed compared to other parts, yet full of potentials in agriculture. 

Rajshahi and Rangpur divisions characterized by its surplus food grain production are popularly called the "granary of the country". Besides catering to agricultural credit, RAKUB, as it is acronymed, renders deposit banking services through all the 377 branches. The headquarters of the bank is stationed at Rajshahi city, some 270 kilometer to the north of Dhaka.