Bangladesh Banking sector
Banks reel from liquidity crisis despite rising deposit rates
Despite rising interest rates on deposits and various efforts by the central bank, Bangladesh’s banking sector continues to face a liquidity crisis that has hamstrung some lenders.
Opinion / Why is the banking sector crisis so deep-rooted?
The regime-sponsored immorality to protect or pamper the financial gangsters not only eroded the future of the banking sector, but also made the wound too difficult to recover from.
Opinion / Balancing inflation control and banking stability
Traditional contractionary policies may not be suitable for Bangladesh’s unique economic structure.
BB to design new law for bank mergers, acquisitions
The Bangladesh Bank is working to formulate a “Bank Resolution Act” for mergers, acquisitions, liquidation or recapitalisation of banks.
Can we change the story of our ailing banks?
Restoring trust in the banking sector is crucially important
The renaissance of Bangladesh Bank and some expectations
We hope that the BB governor will continue the momentum and spirit to bring order and promote the economy.
Banking sector issues that the new governor should address
Good governance and adequate legal infrastructure—relevant laws, courts and impartial judges—need to be established.
We need a bank commission that can drive radical reforms
But its objectives must be clearly defined and regularly scrutinised
Several banks are clinically dead: CPD
Several banks in Bangladesh are clinically dead but are being kept alive through bailouts, said Fahmida Khatun, executive director of the Centre for Policy Dialogue (CPD).
BAD LOANS TWICE AS LARGE
The actual size of bad loans is more than double the officially recognised figure, according to a recent report of the International Monetary Fund -- a damning evidence of the fragile state of Bangladesh’s banking sector.
Finance Minister proposes number of reforms in banking sector
Finance Minister AHM Mustafa Kamal has suggested a number of reforms to bring back discipline in the banking sector.
Saving our ailing banking sector
Bangladesh's banking sector faces a number of major challenges including rising nonperforming loans, credit concentrations, poor
A cushy scheme for loan defaulters
That the banking sector in this country is plagued by a culture of loan defaulting is not lost on anyone—as of last year, the total amount of defaulted loans stood at Tk 93,911 crore.
Are the criticisms misplaced?
The finance minister recently told the chairpersons and directors of state-owned banks that those who highlight the sorry state of the banking sector—the culture of loan default, the flouting of set banking norms, etc—are all uninformed. Such a remark coming from him is disappointing, given the fragile state of the banking sector as a whole.
Mistrust over banking sector an ominous sign: BB governor
A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.
Muhith keeps mum on banking sector
Nothing budges Finance Minister AMA Muhith after yesterday’s spree of attacks as he kept from commenting over the banking sector at parliament today.
Bangladesh needs to boost productive investment: IMF
Bangladesh will need to boost productive investment by addressing infrastructure bottlenecks and strengthening the banking sector to keep ongoing momentum unhurt, the IMF said in its annual assessment of the economy.
Banking sector now an orphan: CPD
The banking sector, which is currently going through choppy waters thanks to rising loan irregularities and deteriorating corporate