Sharp fall in bank deposit growth The country’s banking sector witnessed a sharp fall in deposit growth in March as banks were slashing their interest rates continuously almost every month during the last two years. The average deposit growth rate came down to 8.3% in March this year compared to
Read MorePrivate sector credit growth up further Domestic credit flow to private sector increased further as cut-down lending rates roped in corporate entities to borrow more from local banks than overseas sources, bankers said. Private-sector credits grew to 15.6% in April 2016 on a year-on-year basis from 15.2% in March, according
Read MoreICB Islamic Bank has no merger plan Troubled ICB Islamic Bank has no plan to merge or sell on the majority shares owned by Malaysian entrepreneurs despite the bank’s struggle to improve its financial indicators since current owners took over in 2008, a top official said. Though the bank has
Read MoreBangladesh Bank to set farm loan target at BDT 175.0 billion for FY17 Bangladesh Bank is likely to set the farm loan disbursement target for banks at BDT 175.0 billion for the upcoming fiscal year 2016-17, said officials of the central bank. The probable loan disbursement target is 6.70% higher
Read MoreSoBs see 60.0% fall in recapitalization fund The allocation for state-owned banks’ recapitalization is set to fall by 60% for the next fiscal year (FY) 2016-17 compared to the original budget for the outgoing fiscal. The allocation for the SoBs is to come down to BDT 20.0 billion in the
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