Big deposits, accounts bulge in banks Both the number of accountholders having large deposits and the average volume of deposits in their bank accounts have risen significantly in a year ending March 31 last by official count. By definition in the banking world, the large account size usually begins from
Read MoreDefaulted SME loans rise by BDT 34.4 billion in H1 The amount of defaulted loans in the small and medium enterprise sector in the January-June period of this year increased by BDT 34.4 billion due to a dull business situation and a lack of effective loan recovery measures by scheduled
Read MoreIncentive cuts anger BB officials The board of the central bank decided to give incentives four times the basic salary of the BB officials for the financial year 2015-16 instead of the existing practice of five times. The decision came at the board meeting held on Monday at the central
Read MoreBangladesh Bank puts stolen USD 81.0 million as ‘other receivable’ Bangladesh Bank set aside the USD 81.0 million stolen from its Fed reserves as ‘other receivable’ in its balance sheet. Officials said the board of directors of the central bank approved the BB balance sheet for the fiscal year (FY)
Read MoreOffshore loans on the rise Foreign loans rose 14.3% through the banks’ offshore banking in the last quarter of fiscal 2015-16 thanks to low interest rates. The total outstanding foreign loans of offshore banking stood at BDT 380.9 billion in the April-June period, according to Bangladesh Bank statistics. In the
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