Bangladesh’s banking sector was not well-managed in recent years. Banks mostly gave loans to their owners, rather than to creditworthy entities. Consequently, several banks are now in difficulty.
After the sudden drop in Bangladesh’s official foreign exchange reserves on July 13, another rude shock awaits: as per IMF conditions, the banking sector’s distressed assets will be published, in what would make for a grim reading about the industry’s health.
Bangladesh’s banking sector was not well-managed in recent years. Banks mostly gave loans to their owners, rather than to creditworthy entities. Consequently, several banks are now in difficulty.
After the sudden drop in Bangladesh’s official foreign exchange reserves on July 13, another rude shock awaits: as per IMF conditions, the banking sector’s distressed assets will be published, in what would make for a grim reading about the industry’s health.
