Trade deficit mounts to $5.28b in July-Jan The country’s trade deficit increased by 36.34 per cent to $5.28 billion in the first seven months of the current financial year 2016-17 compared with that of $3.87 billion in the corresponding period of the FY16. The deficit increased during the period due
Read MoreBB orders surveillance on terror financing The central bank directed commercial banks to put up a close watch so that no one can use the banking channel for terror financing both at home and abroad. Such a strict instruction came from a conference of chief anti-money laundering compliance officials, generally
Read MorePvt sector credit growth increases further Private sector credit growth increased further in January due to higher short-term loans, availed particularly by the corporate entities, for settling their foreign currency liabilities with the banks. The growth in private sector credit flow rose to 15.61 per cent in January 2017 on
Read MoreFX reserves hit record $32.56b Bangladesh’s foreign exchange reserves hit a record $32.56 billion at the end of February, the central bank said on Wednesday, up nearly $840 million on the previous month. The reserves are sufficient to cover about nine months’ worth of imports and are $4.5 billion higher
Read MoreSME loan disbursement for 2016 rises 22.49pc The overall small and medium enterprise (SME) credit disbursement grew by 22.49 per cent in 2016 following strengthened monitoring and supervision by Bangladesh Bank (BB), officials said. All banks and non-banking financial institutions (NBFIs) disbursed Tk 1,419.35 billion loan to 634,574 SME entrepreneurs
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