Bonds are a good investment for NRBs

Non-resident Bangladeshis (NRBs) seeking better yields than banks can invest in specialized government-offered bonds and stock market initial public offerings (IPOs). One is the Wage-Earner Development Bond, which has a face value of Tk 25,000 and a term of five years, the completion of which earns 12 percent interest. No …

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The PPP program opens to all lenders

January 19, 2021 After reopening the paycheck protection program to small lenders on Friday, the US Small Business Administration is now opening the program to all lenders. Lenders with less than $ 1 billion in assets were able to file first and second drawdown requests on Friday, according to information …

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Brokers fear Covid loans will lead to drop in future SME lending

Commercial brokers have expressed concern that traditional loans to small and medium-sized enterprises (SMEs) may decline significantly due to the volume of emergency loans granted. The Allica Bank survey of commercial mortgage brokers found that more than eight in ten brokers (82%) said they saw a reduction in the financing …

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