Private Banks’ bad loans swell on reckless lenders Private commercial banks’ default loans swelled by about 24% in the third quarter of the year from the preceding three months due to governance problems in some of them. On September 30, the private banks’ bad loans stood at BDT 276.8 billion
Read More60pc of women SME entrepreneurs struggle to get loans Over 60.2 percent of the women SME entrepreneurs’ demand for finance remains unmet as banks and non-bank financial institutions do not want to lend to women, a survey found. The unmet demand for financing was estimated at Tk 6,007 crore for
Read MoreBKB gets new MD Muhammad Awal Khan has joined Bangladesh Krishi Bank (BKB) as the new managing director recently, according to a statement. Prior to this, he was the managing director of Rajshahi Krishi Unnayan Bank (RAKUB). He started his banking career at Bangladesh Krishi Bank in 1982. During his
Read MoreBB warns nine new banks on bad loans The central bank yesterday cautioned nine new banks over aggressive lending and rising nonperforming loans. Bangladesh Bank Governor Fazle Kabir chaired the meeting attended by the chief executives of these banks, which came into the market in 2013. “We have asked these
Read More8 banks face huge provision shortfall As of September, provision shortfall of the eight banks stood at Tk4,381 crore, declining from Tk 4,445 crore in June, according to the Bangladesh Bank data. Though the number of banks having provision shortfall has increased in July-September quarter, the total amount of shortfall
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