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...
Tags : loans
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...
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...
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...
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...
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...
Printing money by Bangladesh Bank to aid ailing banks must be stopped: Mansur
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...
Forex reserve rises to $22b on foreign loans
The foreign exchange reserves in Bangladesh, according to the International Monetary Fund guidelines, increased to nearly $22 billion on June 27 from $18.64 billion in May...
Raise instalment amount not number for term, housing loans: BB
The Bangladesh Bank has issued new instructions regarding instalments of term (industrial) loans and housing loans after raising interest rates...
Bad loans and failed governance
DATA recently published by the Bangladesh Bank demonstrate that our banking sector has a nagging problem of non-performing loans, which have reached a record high. According to the recent central bank data published on June 6, in the first quarter of 2024, the amount of non-performing loans was more than Tk 182,000 crore...
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...
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...
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...
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...