Bangladesh Bank Governor Ahsan H Mansur revealed the figures at a press conference today
Major indexes of the stock markets in Bangladesh rose marginally yesterday, snapping a three-day losing streak, as investors cautiously traded shares amidst intense political and economic uncertainties..Recent news over the downgrading of the country’s sovereign rating by Moody’s and the b
The Bangladesh Bank yesterday introduced strict measures for wilful defaulters as the authorities look to restore people’s confidence in the banking sector in the face of escalating defaulted loans.
Noted economists recommended focusing on macroeconomic stability, publishing the names of top loan defaulters, and forming a review commission on government expenditures.
Business leaders have demanded that the identities of wilful loan defaulters be disclosed for public shaming and for punishing them.
The year 2023 was indeed one of the most difficult ones in the recent history of Bangladesh in terms of economic performance.
Bangladesh Krishi Bank (BKB) has been incurring losses for at least 30 years due mainly to structural weaknesses as the state-run lender has to lend at lower interest rates, pay more for deposits and is sitting on higher non-performing loans.
It is necessary to get an appropriate estimate of NPLs so that the actual performance of the banking sector can be understood.
Relaxing loan repayment is unlikely to work if habitual defaulters continue to be tolerated
While a number of banks and non-bank financial institutions (NBFIs) are struggling to rein in their non-performing loans (NPL), DBH Finance PLC has continued to maintain the lowest NPL to loan ratio in the industry for years.
The government is yet to take any comprehensive corrective measures to tackle macroeconomic challenges as it has not properly assessed the gravity of the situation in the current fiscal year, an economist said.
NPLs held by banks in Asia totaled $794 billion at the end of 2021, up from $766 billion in 2020 and $692 billion in 2019
Misgovernance, corruption, nepotism and subsequent bad debts keep plaguing our banking landscape.
Interventions must involve fiscal policy to address our fundamental economic issues
Interventions must involve fiscal policy to address our fundamental economic issues
Rescheduling of default loans fell to a seven-year low in 2021, riding on a moratorium extended by the Bangladesh Bank to protect borrowers from the economic shocks arising from the coronavirus pandemic.
