Private sector credit growth remains steady Private sector credit growth remained steady in January amid higher import and rising business activities in the country. In January, private sector credit growth stood at 15.6 percent, which is almost identical to the previous month’s figure. Since September last year, the credit growth
Read MorePrivate banks book hefty net profits Private commercial banks saw 17.2 percent growth in net profit last year — a development that will bring cheer for stockmarket investors. In 2016, private banks, most of which are listed on the stockmarket, counted Tk 7,806 crore in net profit — eclipsing the
Read MoreStrong taka heightens real exchange rate, hits export The local currency’s real effective exchange rate, which is closely linked to trade situation, remained high and hit hard the country’s export-competitiveness. As per official count, the rate was an all-time high last December. And people familiar with development told the FE
Read MoreBad loans rise by 21.0% to BDT 524.5 billion in 2016 Bad loans, the worst type of defaulted loans, in the country’s banking sector increased by 20.6% to BDT 524.5 billion in last year as the scheduled banks failed to recover their classified loans, said officials of Bangladesh Bank. They
Read MoreBanks asked to monitor money handling carefully The central bank has directed the commercial banks to watch the money handling in the banking channel carefully in order to stop terror financing both at home and abroad. The Bangladesh Bank issued the direction across the country recently.Head of Bangladesh Financial Intelligence
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