non-bank financial institutions (NBFIs)
NBFIs lose 17% of deposit accounts
Deposits at non-bank financial institutions (NBFIs) have slightly increased on an interest rate hike but the number of deposit accounts have dropped sharply, indicating a lack of trust.
Time to be tough on scam-hit NBFIs
Authorities must improve monitoring to keep the sector in check
Most NBFIs incurred losses in July-September
Of the 23 listed NBFIs in Bangladesh, 17 published their financial reports
State banks’ Tk 1,600cr stuck in ailing NBFIs
Deposits of Tk 1,600 crore of four state-run commercial banks —Sonali, Rupali, Agrani, and Janata — have been stuck in several weak non-bank financial institutions (NBFIs) as the latter have repeatedly failed to repay despite maturity owing to a persisting liquidity crisis.
BB-BSEC discord clouds NBFI governance
Non-bank financial institutions (NBFIs) have remained comparatively less regulated owing to a major gap between the Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC) on some provisions relating to corporate governance, according to analysts.
Investors barely show interest in bank, NBFI stocks
Investors are hardly showing any interest to buy stocks of banks mainly due to the sector’s key indicators portraying a gloomy outlook.
NBFIs with lower bad loans
Although most non-bank financial institutions (NBFIs) in Bangladesh are struggling with a high rate of non-performing loans (NPLs), some of them are bucking the trend by maintaining a lower ratio.
16 non-banks weighed down by high NPLs
Nearly half of non-bank financial institutions (NBFIs) saw a third of their loans turn into non-performing ones at the end of March 2023, which gives an indication of the tough times the sector was going through mainly due to massive irregularities in 8 to 10 companies.
Listed NBFIs log lower earnings in January-June
All of the listed non-bank financial institutions (NBFIs) in Bangladesh that published their financial reports for the January-June period of the current calendar year reported lower earnings due to reduced interest income, among other reasons.
Number of weak NBFIs on the rise
Fourteen non-bank financial institutions (NBFIs) out of a total of 35 were in the red zone last year as per the stress test report of the central bank.
Nagad Finance inches closer to running MFS operation
The Bangladesh Bank yesterday decided in principle to allow Nagad Finance PLC, a proposed non-bank financial institution (NBFI), to run mobile financial services.
BB approval must for NBFIs to lend to subsidiaries, waive interests
The non-bank financial institutions (NBFIs) will have to take permission from the central bank to lend to their subsidiaries or associates and waive loans or interests.
