Top 10 defaulters owe Tk 6,600cr to Agrani Bank in NPL
The top 10 defaulters accounted for Tk聽6,600 crore in classified loans, nearly 31 per cent of the Agrani Bank鈥檚 total defaulted loans as of June, according to bank data.
Tags : loan
Loan facility to crisis-hit business groups, banks continues
The interim government has continued to provide crisis-hit commercial banks and large business groups with emergency loan assistances with the offering of Tk 180 crore to the Beximco Group in the past week, said officials...
Islamic banks鈥� deposits go down by Tk 11,781cr
Deposits at Shariah-based banks in Bangladesh dropped by Tk 11,781 crore, leading to a negative liquidity position of around Tk 2,000 crore in September, as public confidence plummeted following widespread loan scandals and irregularities...
Tk 1,092cr Islami Bank Loan Scam: S Alam鈥檚 son, bank MD, ex-chair, 55 others sued
The Anti-Corruption Commission on Thursday filed a case against 58 people, including S Alam鈥檚 family members, Islami Bank managing director Mohammad Monirul Moula and its former chairman Ahsanul Alam, on charges of Tk 1,092 crore embezzlement through loan forgery...
IMF to provide $645m in next tranche
The International Monetary Fund on Wednesday said that about $645 million would be made available for the third tranche under the current loan programme taken by the Awami League government before it was ousted on August 5 amid a mass uprising...
ADB to give $600m policy based loan
The government has signed an agreement with Asian Development Bank for Police based Loan (PBL)...
Beximco鈥檚 loans reach Tk 50,098cr, BB tells HC聽
The Credit Information Bureau reported that as of November 30, 2024, the total outstanding loans and liabilities of Beximco Group companies amounted to Tk聽50,098.3 crore, the Bangladesh Bank said in an...
Deposits, loans in NBFIs decline
The amount of deposits in the country鈥檚 non-bank financial institutions (NBFIs) dropped by Tk聽68 crore in the July-September period due to a lack of customer trust and confidence in the sector...
18 banks at risk due to potential loan defaults by top borrowers: BB
A Bangladesh Bank report has revealed that the financial stability of 18 banks is at risk due to potential loan defaults by their top three borrowers.
ADB approves $600m loan for structural reforms in Bangladesh
The Asian Development Bank on Wednesday said that it approved $600 million 鈥榩olicy-based loan鈥� to Bangladesh...
Debt trap fear mounts over megaprojects
The megaprojects implemented mostly with foreign loans by the now ousted Awami League regime have left the nation with concerns over the debt trap amid the questionable expected returns...
BB relaxes loan classification, provisioning rules for CMSMEs
The Bangladesh Bank has relaxed the rules of loan classification and provisioning for the cottage, micro, small and medium enterprises sector to create more employment opportunities through increasing investment...
Seizure of S Alam Group shares ordered
The Chattogram Artha Rin Adalat has ordered the seizure of shares held by S Alam Group chairman Saiful Alam and his brother Abdus Samad with two banks, in connection with a Tk聽2,000 crore loan default at Janata Bank.
Credit card interest rate limit set at 25pc
The Bangladesh Bank on Sunday imposed the maximum interest rate for credit card loans, setting it at 25 per cent...
BB extends FE loan tenure for capital machinery imports
The Bangladesh Bank has extended the tenure for foreign exchange loans under buyers and suppliers credit for importing capital machinery, allowing industrial entrepreneurs to secure loans for three years instead of one...
Foreign loan drops by 26pc in July-Oct
The disbursement of foreign loans in the first four month of the current financial year dropped by 26 per cent due mainly to the regime change in the country, economists said...
NPL classification period reduced by 3 months
The Bangladesh Bank on Wednesday tightened loan classification rules by reducing classification period of overdue loans into non-performing ones to six months that was previously nine months...
Affected importers given 8 years to repay loans
Importers, who faced losses due to foreign exchange rate spikes, can now repay their loans over a maximum period of eight years...
18 sent to jail over luring thousands with loan promises
A Dhaka court on Tuesday sent 18 individuals, including Mahbubul Alam Chowdhury, a senior joint secretary and one of the key leaders of the Ahingsa Gana-Abhyutthan Bangladesh allegedly for creating unrest by promising interest-free loans to villagers...
Gathering on false loan promise at Shahbagh foiled
The police on Monday foiled Ahingsa Gana-Abhyutthan Bangladesh鈥檚 pre-announced rally for the formulation of a law to recover embezzled and laundered money and lending interest-free loans to people with little or no capital...
Pvt sector short-term foreign loans drop
The amount of private sector short-term foreign loans dropped to $10.72 billion in September, hitting its lowest in three years and six months amid slow business and increased repayments...
Eleven detained in Lakhimpur for offering loans to attend rally in Dhaka
Eleven people have been detained in Kamalnagar upazila of Lakhimpur for their alleged bid to take some impoverished people to Dhaka with promises of interest-free loans ranging from Tk 1 lakh to Tk 1 crore for attending a rally.
Bangladesh holds highest bad loan ratio in South Asia
Bangladesh now has the highest ratio of non-performing loans in South Asia with nearly 17 per cent of the country鈥檚 total loans categorised as defaults. The ratio has surpassed that of India, Pakistan, Nepal, Bhutan, Maldives, Nepal and even Sri Lanka.
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...
Default loans in Bangladesh's banking sector surge to Tk 2.85 lakh crore
The volume of non-performing loans in the banking sector surged to a staggering Tk 2.85 lakh crore in September after the implementation of stricter regulatory practices, the minimisation of...
IDLC Finance PLC reports 25.3 per cent growth in net profit for first three quarters of 2024
IDLC Finance PLC reported a consolidated net profit after tax of BDT 1,254 million for the first three quarters of 2024, reflecting significant growth of 25.30% compared to the same period in the past year, says a press release.
Banks allowed to provide emergency loans to NRBs
The Bangladesh Bank on Wednesday allowed banks to provide loans of up to Tk聽10 lakh to non-resident Bangladeshis working abroad for emergency purposes...
WB, IFC to give loans under conditions: finance adviser
Finance adviser Salehuddin Ahmed on Sunday said that the World Bank and its private sector investment wing International Finance Corporation would provide loans under certain conditions to help the interim government carry out reforms in the financial sector...
BAB urges BB to close regulatory loopholes to recover NPLs
The Bangladesh Association of Banks (BAB) on Wednesday urged the Bangladesh Bank to address regulatory loopholes, particularly the practice of borrowers filing writ petitions to avoid being classified as loan defaulters...
Salehuddin聽asks WB for implementable loan conditions聽
Finance adviser Salehuddin Ahmed on Tuesday said that they expected easy and implementable action plans from the World Bank with its new loans.