Credit growth exceeds MPS target Private sector credit growth rose sharply to 14.8% in the first month of current year surpassing the three year’s high of 14.2% growth achieved in December last. The new height of growth touches the credit ceiling of 14.8% set for June in the latest Monetary
Read MoreClassified farm loans fall due to rescheduling The classified loans in agriculture sector registered a significant fall in seven months up to January as rescheduling of such loans was allowed until December 31 last, officials said. The amount of non-performing loans (NPLs) of farmers dropped by more than 37.0% to
Read MoreBanks’ lending rate drops to 11.05% in January The lending rate in Bangladesh’s banking sector dropped to 11.05% in January this year from 12.32% one year ago, said Bangladesh Bank data released recently. The interest rate on deposit also fell to 6.21% from 7.26% during the same period. During the
Read More