Pvt sector credit growth increases further Private sector credit growth increased further in January due to higher short-term loans, availed particularly by the corporate entities, for settling their foreign currency liabilities with the banks. The growth in private sector credit flow rose to 15.61 per cent in January 2017 on

Banks’ 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

Most 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

Private credit growth highest in four years Banks’ lending to private borrowers grew a robust 16.56 percent last fiscal year, according to central bank data released yesterday. The growth rate was the highest in four years and well above the target of 14.8 percent set in the monetary policy, thanks

3 state-run banks get new MDs The government has appointed new managing directors (MDs) to three state-owned banks as the posts remained vacant for over a month. The Bank and Financial Division under the Finance Ministry yesterday issued a circular over the appointment the new MDs. According to the circular,