Pvt sector credit growth rises to 16.21pc in Aug The private sector credit growth in the country increased to 16.21 per cent in August year-on-year compared with that of 15.97 per cent in July as banks are now disbursing significant amount of consumer and farm loans to sustain their profitability.
Read MoreRemittance tumbles 23pc Remittance tumbled 22.68 percent year-on-year in September due to a decline in the income and savings of Bangladeshi expatriates living in the Middle East as a result of the oil price slump. Migrant workers sent home $1.04 billion last month, according to the Bangladesh Bank’s provisional data.
Read MoreLending rates move closer to single-digit Banking lending rates have come down closer to single-digit rate following declining deposit rates in August, according to Bangladesh Bank. Average lending rates of all banks stood at 10.24% in August 2016 against 11.51% one year ago while weighted average deposit rates of all
Read MoreBanks’ Q4 performance in areas causes concerns Country’s banking sector performance caused some concerns in areas including classified loans in the final quarter of the fiscal year (FY) 2015-16 compared to that of the previous quarter, according to the central bank’s latest quarterly report. “Several key indicators such as gross
Read MoreBangladesh Bank may approve City Bank’s share sale to IFC Bangladesh Bank considers allowing City Bank to sell its 5% equity shares to International Finance Corporation, the private sector arm of the World Bank Group, about eight months after the signing of the deal. The development came after a meeting
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