Distressed loans soar to a record Tk 4.75 lakh cr
Distressed loans at banks totalled over Tk 4.75 lakh crore at the end of 2023 – a revelation that makes for a sobering read of the actual health of this vital sector of the economy.
6d ago
Minimum 2% shareholding for board membership a reason behind banking sector ills
Referring to the legal provision requiring a 2 percent shareholding in a commercial bank to become a director, Abdul Mannan, chairman of First Security Islami Bank (FSIB), said this has driven away seasoned banking leadership from boardrooms and allowed infamous individuals like S Alam into banking leadership roles.
1w ago
Beximco seeks extension of loan tenure by 10 years
Beximco has sought support from the government to extend the repayment period of its liabilities to Janata Bank over the next 10 years, including a two-year moratorium.
1w ago
Forex market on the mend as remittances rebound
After a prolonged period of crisis, the foreign exchange market in Bangladesh, especially the interbank forex market, is showing signs of recovery, driven by a rebound in remittance receipts and key policy interventions by the central bank.
2w ago
Salman loses grip on IFIC Bank
The Bangladesh Bank yesterday constituted a new board of directors at IFIC Bank after dissolving the previous board, effectively bringing an end to Salman F Rahman’s grip on the private commercial bank.
1m ago
Islamic bank deposits grow despite irregularities
The country’s Islamic banking sector registered growth in deposits in June although several Shariah-based lenders are facing widespread scams and irregularities.
1m ago
Remittances jumped 39% in August
Remittances sent by Bangladeshis living abroad soared nearly 39 percent year-on-year to $2.2 billion in August, which is likely to ease pressure on the foreign exchange reserves to some extent.
1m ago
Orion Pharma’s Tk 132cr loan rescheduled with special approval
Orion Pharma Ltd, a pharmaceutical company of Orion Group, has been provided a rescheduling facility on a forced/demand loan by state-run Agrani Bank with special approval from the Bangladesh Bank.
1m ago
April 12, 2023
Non-food expenditure up, food costs down
Non-food expenditure of households has increased in Bangladesh in the past six years compared to expenses aimed at food purchases, data from the Bangladesh Bureau of Statistics (BBS) showed.
April 12, 2023
Monthly household income doubles in 6 years
The average monthly household income in Bangladesh rose to Tk 32,422 in 2022, up more than 102 per cent from six years ago, according to the latest data from the Bangladesh Bureau of Statistics (BBS).
April 9, 2023
How slow is Bangladesh border for exports?
The World Bank has found out that the exporters need around 300 hours to meet the border and documentary compliance requirements in Bangladesh, whereas the time comes down to 60 hours in India and 30 hours in China.
April 2, 2023
What is Bangladesh’s brand value?
In term of brand value among the South Asian countries, Bangladesh stands second after India while the brand values of Pakistan, Sri Lanka and Nepal are respectively $232 billion, $48 billion and $29 billion
March 28, 2023
Who have highest/lowest bank deposits in Bangladesh?
Dhaka division’s 4.19 crore people in 13 districts have stored in banks a total of Tk 9.79 lakh crore, around 85 per cent of which, or Tk 8.32 lakh crore, belong to the people living inside Dhaka district alone.
February 9, 2023
Bangladesh slips in digital readiness indicator
Shows the Agility Emerging Markets Logistics Index 2023
January 17, 2023
Taming inflation, maintaining exchange rate stability critical: BB
The major challenges for Bangladesh will be keeping inflation under control while maintaining currency rate stability in the coming days, according to the Bangladesh Bank's annual report.
January 5, 2023
High inflation rate may persist throughout FY23
The current level of high inflation rate may persist throughout the ongoing fiscal year, according to a forecast of the Bangladesh Bank.
November 7, 2022
Bangladesh’s biggest problem ahead is political crisis: MM Akash
Bangladesh’s economic situation may worsen thanks to internal reasons mainly political crisis that will appear in the days to come rather than the external factors, said MM Akash, economics professor of Dhaka University.
August 18, 2022
Cash recycling machines gaining traction
Cash recycling machines (CRMs), set up by banks in Bangladesh to help clients deposit, withdraw and transfer money instantly, almost doubled in the last financial year.
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