IMF to review $1.15 billion loan to Bangladesh in June
The International Monetary Fund on Friday said that its board meeting on June 24 would review the disbursement of $1.15 billion to Bangladesh.
Tags : loan
All steps to be taken to rein in loan default: minister
Law, justice and parliamentary affairs minister Anisul Huq on Sunday said that all steps would be taken to dispose of quickly the cases pending before money loan courts to rein in loan default....
A budget heavily dependent on loans, hardly helpful for poor
THE national budget for the 2025 financial year, which the finance minister proposed in the parliament on June 6, is high-deficit, with an aim to make up for the shortfall with resources coming from domestic borrowing, 20.2 per cent of the total outlay of Tk 7,970 billion, and foreign loans, 11.4 per cent, along with expected foreign grants of 0.5 per cent...
Default loans surge to historic high
The banking sector witnessed a staggering increase of a record Tk 36,662 crore in non-performing loans in just three months ending in March, due mainly to a...
Surge in state-owned bank bad loans warrants special attention
A SURGE in non-performing loans in state-run banks, already plagued by non-performing loans of about 25 per cent of the total outstanding loans, shows the failure of the authorities to go tough on loan defaulters. This also shows the futility of concessions that the authorities have earlier given to loan defaulters...
NPL in six state-run banks surges further聽
Non-performing loans in six state-run banks soared by Tk 6,805 crore in the three months ending in March, allegedly due to the central bank鈥檚 lenient approach towards defaulters...
Interest payment jumps 167pc聽聽
Interest expenses for external borrowing jumped 167 per cent in the first half of the outgoing FY24 compared with the same period of FY23 owing to the payment...
Interest payment doubles in 10 months
The payment of interest by the government against foreign loans became more than double in the first 10 months of the outgoing FY24 against the backdrop dollar shortage...
Finance minister for crackdown on loan defaulters
Finance minister Abul Hassan Mahmood Ali on Sunday said that the next course of action should be launching crackdown on loan defaulters after the exchange rate problem was almost fixed...
Govt must hold off oligarchy to stop decline in banking sector
WHEN the banking sector is mired in a horde of problems 鈥� the absence of democratic governance that has encouraged corruption and irregularities, a soaring amount of bad loans that has weakened the economy and an absence of political will that has stopped a way out of the trouble...
Police foil Ganosamhati Andolan鈥檚 bid to besiege Bangladesh Bank
The police on Tuesday foiled an attempt by the Ganosamhati Andolan to besiege the Bangladesh Bank at Dhaka鈥檚 Motijheel...
BB now focuses on mediation for bad loan recovery
The Bangladesh Bank on Sunday instructed banks to give more emphasis on mediation for recovering defaulted loans amid the existing other policies鈥� ineffectiveness in addressing the issue of bad loans...
Pvt sector short-term foreign loans now $11.04b
Private sector short-term foreign loans decreased slightly in March as businesses focused on repaying existing loans rather than taking new ones...
Net foreign loans, grants decline
The country鈥檚 net receipts of foreign aids in the form of loans and grants dropped in the July-February period of the current financial year 2023-24 compared with those in the...
Sri Lanka leases white elephant airport built with Chinese loans
Sri Lanka said Friday it had leased a white elephant international airport built with Chinese loans to a foreign joint venture, as the island nation鈥檚 bankrupt government seeks to offload loss-making assets...
Interest payment grows 143 per cent in July鈥揗arch
Payment of interest against foreign loans has grown faster than the principal amount, posing challenges for debt servicing amid the ongoing dollar shortages...
Pvt sector external debt drops to $11b
Private sector short-term foreign loans dropped further in February as businesses prioritised repaying existing loans over taking new ones. According to Bangladesh Bank data...
A welcome instruction that needs proper implementation
THE Bangladesh Bank coming to ask non-bank financial institutions to identify wilful loan defaulters and take action against them is welcome. The central bank has also asked the institutions...
After banks, NBFIs also asked to identify wilful defaulters
The Bangladesh Bank on Wednesday asked the country鈥檚 non-bank financial institutions to form unit by April 30 for identifying wilful loan defaulters as per the central bank鈥檚 guidelines...