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

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

Remittance 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

Bangladesh Bank wants list of goodies among bank borrowers The central bank has sought information about good borrowers from all the commercial banks, as the goodies would enjoy financial incentives. “We’ll issue an instruction for furnishing the information (in prescribed form) to know about the number of good borrowers, amount