Private sector credit growth in September falls slightly Private sector credit growth fell slightly again in September mainly due to lower payment obligations particularly back-to-back imports for ready-made garment (RMG) sector, officials said. The growth in credit flow to private sector came down to 15.3% in September 2016 on a
Read MoreInterest rate spread narrows slightly Overall spread between lending and deposit interest rates further narrowed slightly, as of September, as country’s commercial banks charged a little lower on loans, officials said. The weighted average spread between lending and deposit rates offered by the commercial banks came down to 4.76% in
Read MoreForeign funds in Dhaka stocks soar Net foreign investment in the capital market jumped more than nine times year-on-year in the first ten months of the year as overseas investors were anticipating a positive market scenario. Foreign investors bought shares worth BDT 40.0 billion and sold shares worth BDT 31.7
Read MoreFarm loans rise by 7.64pc in Q1 Disbursement of farm loans posted a 7.64-per cent growth in the first quarter of the current fiscal year of 2016-17 compared with that in the same period of the FY 2015-16.Banks disbursed Tk 3,443.85 crore in farm loans in the July-September period of
Read MoreBangladesh Association of Bankers puts pressure for scrapping limit on bank directors’ tenure Owners of private banks have put pressure on the government for amendment to the Bank Company Act 2013 within three years after it came into force in August 2013, officials said. They said Bangladesh Association of Banks
Read More