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...
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...
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...
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 the county鈥檚 banking sector increased slightly in September after a sharp fall in the previous couple of months...
Finance adviser Salehuddin Ahmed on Tuesday said that they had no plan to close down troubled banks despite they were limping...
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...
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...
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...
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...
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...
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 financially weak banks in Bangladesh have reportedly received a total of Tk 1,640 crore in loans from stronger banks.
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...
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...
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...
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...
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...
BANGLADESH stands at a critical crossroads, grappling with formidable economic challenges. Soaring inflation, depleting foreign reserves and sluggish growth have eroded public confidence. Years of mismanagement and unchecked corruption in the banking sector have deepened the crisis. However, with the appointment of Dr Ahsan H Mansur as governor...
Bangladesh Bank governor Ahsan H Mansur has urged the public to maintain confidence in the nation鈥檚 banking sector, highlighting significant ongoing reforms aimed at stabilising and improving financial institutions...
Bangladesh Bank on Wednesday formed a six-member task force aimed at reforming the troubled banking sector...
Five banks held over 54 per cent of the total non-performing loans in the country鈥檚 banking sector as of June, exposing deep vulnerabilities in the sector...
THE Offshore Banking Act 2024 that was enacted in March marks a significant transformation in the country鈥檚 financial sector. This legislative measure aimed at increasing foreign currency reserves can attract international investment and facilitate the modernisation of the banking sector. However, it creates a complicated set of strategic imperatives...
The banking sector is one among many that has plunged into a sorry state during the 15 years of Awami League regime. The sector witnessed major financial scams and a record surge in non-performing loans. The Awami League government pushed the sector into a precarious state through approval for banks, the appointment of partisan people to...
The country鈥檚 business leaders on Tuesday urged the government to maintain enhanced law and order situation and make reforms in the banking sector and tax administration to restore a favourable business environment...
Newly appointed Bangladesh Bank governor Ahsan H Mansur said they would track down oligarchs created during the immediate past political regime in both home and abroad to recover funds stolen by them from the country鈥檚 banking sector...
The banking sector is in a bad shape as massive irregularities gripped most banks and non-bank financial institutions in 15 years. The sector ran, as the Centre for Policy Dialogue says, beyond regulatory control while the central bank favoured certain individuals and groups. The think tank says that Tk 92,261 crore was embezzled in 24 major banking scams...
A CLASH between two groups of employees of Islami Bank on August 11 and reported tension in some other banks and financial institutions demand early attention of the authorities. At least six Islami Bank employees were injured as unnamed attackers fired into them. The clash erupted when the bankers appointed before 2017, when the S Alam Group with the...
The immediate challenge for the proposed interim government will be restoring the economy suffering heavy disruption over the student-led mass protests culminated in the fall of the Sheikh Hasina-led government...
The weighted average interest rate spread in Bangladesh鈥檚 banking sector surged to 5.86 in May, the highest since 2008...
