BRAC Bank, DEG Impulse to set up SME Innovation Lab
BRAC Bank will partner with DEG Impulse, Germany, to establish the first-ever SME Innovation Lab in the Bangladesh banking sector...
Tags : BANKING SECTOR
Indices in dire straits, setback for banks
The capital market closed the week with a sharp decline across all indices and a steep fall in trading activity, led by a significant drop in banking sector share prices...
Speedy reforms needed to save economy : ICCB
Bangladesh鈥檚 banking sector faces deepening vulnerabilities amid looming US tariffs and stalled IMF loan disbursements, which require urgent structural reforms to protect the economy and restore financial stability, speakers said at a seminar on Wednesday...
Banks witness steady growth in deposits
Deposits in the country鈥檚 banking sector grew by 7.9 per cent in February compared with that in the same month in 2024...
Govt鈥檚 bank borrowing jumps to Tk聽51,981cr
The net government borrowing from the country鈥檚 banking sector surged in the July鈥揗arch period of the 2024鈥�25 financial year compared with that in the same period a year earlier, as it ramped up borrowing to address budget deficit ahead of the financial year鈥檚 end...
Banks urged to cut bad loans
Economists, researchers and academics have emphasised curtailing non-performing loans to ensure good governance in the banking sector and make the country鈥檚 economy vibrant...
Bangladesh Bank dissolves boards of 3 more private banks
The Bangladesh Bank on Wednesday reconstituted boards of directors of three more private commercial banks, extending its restructuring efforts in the banking sector following the political transition on August 5...
Pvt sector credit growth plunges
Private sector credit growth in Bangladesh fell sharply to 7.15 per cent in January, deepening challenges in the banking sector and the broader economy...
Banks in Bangladesh face Tk 1 lakh cr provision shortfall
The banking sector鈥檚 provision shortfall crossed Tk 1 lakh crore for the first time in December 2024, marking a staggering 337 per cent growth in just six months due to increased distressed assets in banks, especially in private commercial ones...
Default loans hit record Tk 3.45 lakh crore
The volume of non-performing loans in the country鈥檚 banking sector has skyrocketed by Tk聽2 lakh crore in just one year, reaching a staggering Tk聽3.45 lakh crore at the end of December 2024...
Bank deposits surge by Tk 35,743cr in Oct-Dec
Deposits in the country鈥檚 banking sector increased by about Tk 35,743 crore in the three months ending in December 2024, indicating a gradual recovery of depositors鈥� confidence...
BANKING SECTOR: Legal complexities worsen default loan crisis
The legal framework for handling non-performing loans (NPLs) in Bangladesh has become dysfunctional, allowing wilful defaulters to exploit loopholes and delay repayment, according to a report by the task force on economic reforms...
Lending-deposit rate gap above 5pc for 10 months
The weighted average interest rate gap between deposit and lending rate in banking sector remained above 5 per cent for the past 10 consecutive months, depriving depositors of significant interest earnings...
BB appoints EY, KPMG to audit 6 troubled banks
The Bangladesh Bank has enlisted global auditing firms Ernst & Young (EY) and KPMG to evaluate the asset quality of six banks currently mired in financial irregularities and corruption. The audit, funded by the Asian Development Bank, is part of efforts to restore transparency and accountability in the banking sector...
Pvt sector credit growth plunges to 7.66pc
Private sector credit growth in Bangladesh fell sharply to 7.66 per cent in November, the lowest in 41 months, intensifying challenges in the banking sector and the broader economy...
A welcome step that needs proper implementation
THE Bangladesh Bank tightening loan classification rules by shortening the period of overdue loans to become non-performing to six months from nine months is welcome. The rules aligned with international practices, issued in a circular on November 27, would give a clearer picture of non-performing and bad loans in the banking sector. The rules are likely to help the authorities regulate the banking sector more...
Excess liquidity in banks inches up
Excess liquidity in the county鈥檚 banking sector increased slightly in September after a sharp fall in the previous couple of months...
No bank to be closed down: finance adviser
Finance adviser Salehuddin Ahmed on Tuesday said that they had no plan to close down troubled banks despite they were limping...
Issues govt needs to address for better credit rating
WHEN a renowned international credit rating agency such as Moody鈥檚 downgrades a country鈥檚 credit ranking or its outlook on the banking sector, it entails some consequences for the country. The agency on November 18 downgraded Bangladesh鈥檚 credit rating to B2 from B1, citing heightened political risks and lower growth. It also downgraded its outlook...
Streamlining banking sector should be a policy priority
THE volume of non-performing loans in the banking sector had already been grim during the toppled Awami League. An even grimmer picture is reported with a staggering Tk 2.85 crore in default loans in September, which is a radical increase from what was reported earlier this year. The central bank data show that the defaulted loans shot up to...
NSC sales surge to Tk聽8,332cr in July-Sept
The net sales of national savings certificates soared in the July-September period in the financial year 2024-25, as many depositors turned to such stable, low-risk investment instruments amid concerns over the health of country鈥檚 banking sector...
Depositor confidence and stability
INSIGHTFUL but metaphorical, the statement 鈥榙epositors are the true owners of a bank鈥� captures the dynamic between banks and their depositors. The faith and confidence of...
Govt should bust nexus of tycoons close to Hasina
POWERFUL business tycoons, who had been close to the deposed prime minister Sheikh Hasina, have swindled $17 billion off the banking sector, as the Bangladesh Bank government has said in an interview with the Financial Times, during the 15 years of the authoritarian regime of the Awami League. The central banker is reported to have said that the tycoons...
No respite yet from banking sector woes
A crisis of confidence has gripped the country鈥檚 banking sector amid little action taken to resolve the deep-rooted challenges facing the sector and hold those accountable for years of malfeasance and mismanagement.
Six struggling banks in Bangladesh receive Tk 1,640 crore in liquidity support
Six financially weak banks in Bangladesh have reportedly received a total of Tk 1,640 crore in loans from stronger banks.
The road to recovery
IN THE late 1920s, the world witnessed the collapse of the Weimar Republic, and with it, the German economy fell into disarray. Hyperinflation, a collapsed banking system, and...
Call for health research reforms
THE Awami League government, before its downfall on August 5, had revised the budget on June 6 allotting, Tk 414,080 million in the 2025 financial year, with a 9 per cent increase from the 2024 budget to accommodate macroeconomic challenges sucg as pandemic, price inflation and banking sector instability in banking. The health budget accounted for...
Banks鈥� distressed assets surge to Tk 5.5 lakh crore in 2023
The amount of distressed assets in Bangladesh鈥檚 banking sector skyrocketed to nearly Tk聽5.5 lakh crore by the end of 2023, driven by rampant loan irregularities and the Bangladesh Bank鈥檚 lax regulations and weak enforcement in the period...
Govt should revise rules to safeguard banks: BAB chair
To safeguard the banking sector from exploitation in the future, the government, in collaboration with bank owners, should revise existing regulations that were crafted to disproportionately benefit a select group of corrupt individuals, said Abdul Hai Sarker, newly elected chairman of the Bangladesh Association of Banks...
Amount of fresh IMF loan not yet fixed: Salehuddin聽聽聽
Finance, commerce, and science and technology adviser Salehuddin Ahmed on Tuesday said that the government was yet to decide how much fresh loan would be sought to the...