Spread in bank interest rates widens further The existing spread between interest rates in the country’s banking sector widened further as the commercial banks cut interests on public deposits far deeper than on lending, bankers said. Such imbalance in rate adjustments, according to economists, is meant for keeping banks’ profit
Read MoreTen banks overexposed by BDT 20.0 billion to stocks Ten banks have a total of BDT 20.0 billion overexposure to the capital market, but will not need to sell shares to adjust the amount in line with regulatory limit. Bangladesh Bank says it will provide the banks with all necessary
Read MoreMost listed banks’ net profits rise on defaulted loan rescheduling Amid a sluggish business situation, the net profit after tax of most of the banks listed with the capital market increased last year from that in the previous year, thanks to wholesale rescheduling of defaulted loans. Twenty-seven of the 30
Read MoreBangladesh Bank eases rules for banks’ exposure to stock market Bangladesh Bank yesterday relaxed the rules related to banks’ investment in stocks in a move to boost the ailing market. Now, the banks will not have to sell shares to adjust their stock market exposure exceeding the permitted ceiling, according
Read MoreBangladesh Bank report: Banks perform well in Oct-Dec period Bangladesh banking sector’s performance indicators demonstrated remarkable improvements during the October-December period of 2015, said Bangladesh Bank quarterly report, attributing the figures to an increase in economic activities after the end of political unrest. The return on asset (ROA), a basis
Read More