IDLC to expand its footprint into housing finance The International Finance Corporation (IFC), the private investment arm of the World Bank, has proposed to provide up to $40 million in senior financing in IDLC Finance Ltd (IDLC), the largest non-banking financial institution in Bangladesh. In a pre-investment disclosure, IFC said
Read MoreDeposit rates in reverse course as liquidity problem deepens The interest rate on term deposits has reached double digit after about a couple of years as the banks are now out of comfort zone, as far as their liquidity position is concerned. The overall deposit rates started creeping up since
Read MoreBanking system trails economic growth pace Bangladesh’s banking system, especially the central bank, falls behind the country’s growth, creating a mismatch, says an expert. “If you look at the major indicators of Bangladesh’s economy, including GDP and budget, it has jumped many, many times over the decades. But the banking
Read MorePrivate credit growth hits 18.36pc Private sector credit growth continues its forward thrust despite liquidity crisis and rising interest rates as businesses jump into an expansion mode. In January, private sector credit growth stood at 18.36 percent, up from 18.13 percent the previous month — and way past the ceiling
Read MoreMoF-Bangladesh Bank joint body to recover BDT 96.69 billion from 25 top defaulters A joint committee of the Ministry of Finance (MoF) and the Bangladesh Bank (BB) will be formed to realize BDT 96.69 billion from 25 top default companies. The main tasks of the proposed panel will be to
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