Bangladesh banking sector risks
Tk 45,000cr stuck in shady loans
Directors of eight private banks borrowed heavily from each other’s banks in reciprocal lending practices fraught with serious risks. Some banks went one step further and lent thousands of crores to relatives of these banks’ chairmen or directors.
Should US bank failures concern Bangladesh’s financial sector?
What has led to bank failures in the US may look different from what Bangladeshi banks are living through now, but the bottom line is the same.
Tk 45,000cr stuck in shady loans
Directors of eight private banks borrowed heavily from each other’s banks in reciprocal lending practices fraught with serious risks. Some banks went one step further and lent thousands of crores to relatives of these banks’ chairmen or directors.
Should US bank failures concern Bangladesh’s financial sector?
What has led to bank failures in the US may look different from what Bangladeshi banks are living through now, but the bottom line is the same.