Banks’ provision shortfall shrinks by 18pc in Q4 The shortfall in provisions against loans, mostly classified ones, in the banking system has narrowed by over 18 per cent in the fourth quarter of 2019 on the back of lower growth in default loans. The overall shortfall came down to Tk

Sept remittance hits 84-month low The inflow of remittance in September this year registered US$853.73 million, which was lowest in seven years. It was around $838 million in September 2010, according to the central bank figures. The remittance fell by $564.85 million or more than 39 per cent from the

Private credit growth hits 18.36pc Private sector credit growth continues its forward thrust despite liquidity crisis and rising interest rates as businesses jump into an expansion mode. In January, private sector credit growth stood at 18.36 percent, up from 18.13 percent the previous month — and way past the ceiling

BDT demand in money market dips: The central bank discourages banks to invest excess money in BB bills The demand for Bangladesh Taka (BDT) in the money market fell drastically mainly due to the recent slash of the cash reserve requirement (CRR) by 1.0 percentage by the central bank. Both

NPLs swell 19.51pc in 2017 The volume of non-performing loans (NPLs) in the country’s banking system jumped 19.51 per cent or Tk 121.31 billion in the last calendar year (2017) despite close monitoring of the central bank. The NPLs rose to Tk 743.03 billion as on December 31 last year,