Consumer loans see steep rise Consumer financing by the banking sector saw a significant rise during the last year thanks to falling lending rates and rising purchasing power of the country’s middle-class. Consumer credit rose 28.22% year-on-year to BDT 369.83 billion in 2016 from BDT 288.43 billion a year ago,
Read MoreGovt resumes borrowing from banks to meet budget deficit The government restarted borrowing from the banking system, ending over a month’s suspension, through auctioning its securities for part financing of budget deficit. Exigencies of food import following crop losses and repairs of flood-damaged infrastructures, especially roads, are also seen as
Read MoreBB sends team to Manila to push for heist money recovery Bangladesh’s central bankwill send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve last year and routed through
Read MoreBanks get a boost from Eid sales thru’ credit cards Banks are offering discounts on home appliance purchases through credit cards this Eid-ul-Azha as they look to cash in on the shopping frenzy surrounding the religious festival. Typically around the time of Eid-ul-Azha, the demand for refrigerators and freezers soars,
Read MoreBanks face pressure as customers withdraw cash before Eid Banks saw a significant rush of clients withdrawing cash to meet their festival-related expenditures ahead of the three-day Eid-ul-Azha vacation beginning from tomorrow (Friday). Over the last two days, the banks in the metropolis were packed with clients withdrawing money, especially
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