BB backtracks from reducing profit on deposits of Sammilito Islami Bank
Bangladesh Bank has stepped back from its previous "haircut" decision to reduce profit calculations for depositors of Sammilito Islami Bank, which was formed by merging five banks. As a result, instead of providing profit at a fixed rate of 4%, deposit accounts will be recalculated according to the bank's effective profit rate during the relevant period. This directive was issued on Thursday...…
We haven't written up this one. Dhaka Tribune Business has the full story — the link below goes straight to it.
