Private lenders outperform others Local private banks saw their credit growth accelerate in comparison to state and foreign banks due to the race for making more profit than others. The credit growth of private banks, whose share in the total credit comes to 72.48 percent, accelerated 18.13 percent year-on-year on

Bangladesh Bank sells $24m more to three banks The central bank of Bangladesh has sold US$24 million more to three commercial banks to meet the growing demand for the greenback in the market. “We’ve sold the foreign currency to the banks on Tuesday at market rate to settle import payment

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 5.08% (Feb 26’20) 5.09% (Feb 20’20) 0.01% Call Money Lending (Crore BDT) 2,089.65 (Feb 26’20) 2,452.52 (Feb 20’20) 14.79 % Prices Weighted Average Deposit Rate 5.71% (Feb ’20) 5.70% (Feb ’20) 0.01% Weighted Average Lending Rate 9.63% (Feb

All banks must make e-payment by yearend The central bank asked commercial banks to provide EFT (Electronic Funds Transfer) and Real Time Gross Settlement (RTGS) services from all branches by December 31. To this effect, the Bangladesh Bank (BB) issued a circular Monday, asking the managing directors and chief executive

Sales of savings tools on the rise Net sales of savings certificates rose 8.49 percent year-on-year to Tk 17,315 crore in the first four months of the fiscal year as savers’ appetite for the high-yielding tools shows no sign of fading. In July-October, the government’s borrowing through the savings instruments