Kingdom of Saudi Arabia finally agrees to host Bangladesh banks The Saudi government finally allows Bangladeshi banks to open branches over there to facilitate sending home remittances by expatriates, officials said. Many bankers, however, say they would have to face tough competition with global leading banks in the Kingdom of
Read MoreBanks must release 30.0% of farm loans thru own network Bangladesh Bank is set to ask scheduled banks to disburse at least 30.0% of farm loan in their own capacity against fiscal target as some banks distribute their whole annual target of such loans through the linkage of non-governmental organizations.
Read MoreSME defaulted loans soar to BDT 214.2 billion in Jan-March The amount of defaulted loans in the small and medium enterprise sector in the January-March period of this year increased by BDT 24.9 billion due to a dull business situation and a lack of effective loan recovery measures by scheduled
Read MoreTrade deficit in services widens Bangladesh’s trade deficit in services widened to USD 4.6 billion in 2015 from USD 4.1 billion a year ago, according to central bank data. The deficit in trade in services that include financial service, insurance and tourism was USD 3.2 billion in 2013. BB data
Read MoreBanks cut rates to 10.57% in May The country’s scheduled banks in May cut their rates of interest on lending further against the backdrop of the businesses’ persistent reluctance to borrow from banks due to a sluggish business situation worsened by political uncertainties and vulnerable law and order situation, said
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