Private sector short-term foreign loans dropped below $10 billion in January for the first time in four years as businesses prioritised repaying existing loans over securing new ones, amid ongoing political unrest in the country...
This is welcome that the central bank has adopted international loan classification standards and changed classification policies to get the actual picture of default loans. But a lack of measures to recover defaulted loans is worrying. The central bank has reduced the timeframe to classify loans as defaulted from the previous 270 days to 180 days. Since the adoption...
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...
Banks rescheduled Tk 7,355 crore in defaulted loans during July-September period of 2024, with 99 per cent of the rescheduling done by private banks as the Bangladesh Bank chose to retain the previous government鈥檚 lenient rescheduling policy...
The capital market reform task force has proposed that investors having investment of less than Tk 10 lakh in the stock market would not be eligible for margin loans...
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...
The Bangladesh Bank has decided to provide various policy supports to sick business firms which are under the burden of huge default loans, to revive such business again...
Beximco Group, controlled by the ousted prime minister Sheikh Hasina鈥檚 adviser Salman F Rahman, has allegedly withdrawn about Tk聽50,000 crore from different banks and non-bank financial institutions, using political clout and circumventing banking norms...
THE failure of the authorities to take measures to discipline and facilitate the ailing non-bank financial institution sector, crippled by an abnormally high defaulted loans, is unacceptable. More than 70 per cent of non-bank financial institutions are about to collapse. The Bangladesh Bank says that 21 of the 35 institutions have more than 50 per cent...
Banks disbursed Tk 9,391 crore in agricultural loans in July-October of the 2024-25 financial year, which accounts for 24.71 per cent of the total disbursement target for FY25, according to Bangladesh Bank data...
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...
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...
The Bangladesh Bank on Sunday imposed the maximum interest rate for credit card loans, setting it at 25 per cent...
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...
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...
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...
Importers, who faced losses due to foreign exchange rate spikes, can now repay their loans over a maximum period of eight years...
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...
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...
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 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.
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 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...
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...
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...
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 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...
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...
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...
Economist Ahsan H Mansur on Saturday said that the printing of money by the Bangladesh Bank to keep some troubled Islamic banks afloat must be halted immediately to check inflation in the country...