Bangladesh Bank finds macroeconomic outlook impressive: Domestic demand, food bounty, and political peace help The central bank sees country’s macroeconomic outlook for this fiscal year (FY) “impressive” for some major boosters. Increased domestic demand, prospective food production and a stable political situation helped a great deal in the turnaround, says
Read MoreBanks’ profits rise 32.0% on a slide in default loans The banking sector’s net profit increased 32.0% year-on-year to BDT 79.2 billion in 2015 on the back of a decline in default loans. In the last quarter of 2015, banks set aside a lower amount of funds for provisioning as
Read MoreGovernment starts bank borrowing again: Budget deficit, pay hike main reasons After a lull of seven months, the government this month has started borrowing from the banking sector, as it now has to provide more wages and salaries to its staff in accordance with the 8th national pay scale. The
Read MoreBangladesh Bank launches 2 short-term bills Bangladesh Bank on Tuesday introduced two short-term BB bills alongside the existing 30-day bill in a bid to make the liquidity management of the banking sector more effective and to implement the central bank’s monetary policy. The BB issued a circular to managing directors
Read MoreRemittance inflow drops by 1.8% in Jul-Mar The remittance inflow in the first nine months of the current financial year, 2015-16, decreased by 1.8% to USD 11.1 billion from USD 11.3 billion received in July-March of FY15, according to the Bangladesh Bank data released on Monday. The inward remittance plays
Read More