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...
Tags : loan
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.
Industrial term loan release rises slightly in Jan-March
Industrial term loan disbursements rose marginally in January- March period compared with those in the same period last year, driven mainly by high dollar rates...
IBBL seeks BB guarantee for Tk聽1,100cr Sonali Bank loans
Crisis-hit Islami Bank Bangladesh PLC has sought Tk聽1,100 crore in loans from Sonali Bank through the interbank market and has urged the Bangladesh Bank to issue a guarantee for the loan...
Dhaka wants Delhi to expedite loan payment聽聽聽聽聽聽聽聽聽
Finance, commerce and science and technology adviser Salehuddin Ahmed on Tuesday asked India to expedite the disbursement of loan for the implementation of projects in the country.
Banks鈥� deposits, loans dip in July
Bank deposits and loan disbursements dropped in July. Bangladesh Bank data showed that deposits fell by Tk聽8,197 crore, reaching Tk聽17,34,026 crore in July (excluding interbank and government deposits), down from Tk聽17,42,224 crore in June....
54pc of Tk 2.11 lakh crore NPL only in five banks
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...
China pushes smaller, smarter loans to Africa to shield from risks
China鈥檚 years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as...
S Alam group withdraws聽Tk 90,000cr from Islami Bank Bangladesh alone
The controversial S Alam Group has withdrawn over Tk 90,000 crore loans from Islami Bank Bangladesh alone, accounting for more than 50 per cent of the shariah-based bank鈥檚 total loan...
IDLC customers can now pay thru bKash
Customers of IDLC Finance PLC can now pay loan instalments, fees and charges for all other services through bKash, said a press release...
NPL soars by Tk 1.90 lakh crore during AL regime
The banking sector witnessed a staggering increase in the non-performing loans by Tk 1,90,000 crore in the past 14 years since 2009, when the Awami League-led government assumed...
BB raises banks鈥� farm loan target to Tk聽38,000cr
The Bangladesh Bank on Thursday raised agricultural loan disbursement target for banks by 8.75 per cent to Tk聽38,000 crore for the current financial year 2024-25 against the target of Tk聽35,000 crore for the past financial year...
Govt for China loan restructure
Finance and commerce adviser Salehuddin Ahmed on Tuesday said that they had asked China for restructuring its loans given to the immediate past government for development projects on...
Orion defaults on Tk 106cr loan for Hanif flyover
Orion Infrastructure Limited, a concern of Orion Group, has become a loan defaulter after failing to repay Tk 106 crore in bridge financing for the Mayor Mohammad Hanif Flyover project, according to...
IMF loan programme to continue despite regime change
The International Monetary Fund will continue its ongoing $4.7 billion loan programme in Bangladesh despite the students-led mass demonstration that stepped Sheikh Hasina down as prime minister on Monday...
Textile millers demand low-cost loans to offset business losses
The country鈥檚 textile mill owners have sought low-interest bank loans to help cover workers鈥� wages and utility bills for July, saying that the industry faced significant financial losses due to the disruption of business operations amid the recent unrests over quota-reform movement...
Businesses demand low-cost loans, deferred payments
The country鈥檚 business leaders on Sunday demanded low-cost bank loans, rescheduling facilities, deferred payment of loan instalments and waiver of port demurrage due to the suspension of business activities caused by the nationwide shutdown, curfew, general holidays and internet outage centring the quota reform movement...
Improved implementation of debt management policy a must
A persistent increase in internal and external government borrowing and the consequent pressure on loan repayment pose a threat to the economy. While economists have for long spoken of negative impacts of the growing government debt, the authorities appear to have ignored the risks and continued to borrow excessively...
Banks release Tk 30,104cr in farm loans in 10 months
Banks disbursed Tk 30,104 crore in agricultural loans in July-April of the 2023-24 financial year, which accounts for 86 per cent of the total disbursement target for FY24, according to Bangladesh Bank data...
