Loans historically cheap, but not many takers Loans in many categories have now come down to a historical low of single digits, playing into businesses’ hands — and yet the demand for credit and investment is not picking up. Be it term loan, corporate loan, home loan or working capital,
Read MoreClassified loans leap to BDT 143.6 billion in 9 months Loads of classified loans in the country’s banking sector have leapt by nearly 28.0% or `BDT 143.6 billion in the first nine months of the current calendar year, belying close monitoring by the central bank. The volume of non-performing loans
Read MoreMoniruzzaman appointed Bangladesh Bank deputy governor The government on Tuesday appointed SM Moniruzzaman as deputy governor of the Bangladesh Bank. According to a notification by the Bangladesh Bank and Financial Institution Division, Moniruzzaman has been appointed as the deputy governor for the next three years on contractual basis. Currently Moniruzzaman
Read MoreIMF queries rising NPLs in banks A visiting International Monetary Fund (IMF) delegation queried the reasons behind the surge in non-performing loans (NPLs) in the banking system of Bangladesh. The query was made at a meeting with senior officials of the Bangladesh Bank (BB) Monday, according to the central bank
Read MoreNCC Bank mandates IDLC for arranging bond NCC Bank Ltd. has recently signed a ‘Term Sheet’ with IDLC Finance Ltd. for the issuance of a Coupon-Bearing Subordinated Bond worth BDT 4.0 billion subject to approval from BSEC and Bangladesh Bank where IDLC will act as Arranger. The Issue will enhance
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