3,521 client-complaints against banks in FY17 Clients lodged a total of 3,521 complaints with the Bangladesh Bank against the commercial banks, mainly related to general banking issues, in the last fiscal year of 2016-2017, a report of the central bank revealed on Sunday. The number of complaints, however, dropped by

Trade deficit continues to widen Trade deficit almost doubled to USD 8.62 billion in the first half of the fiscal year as fears of depreciation of the BDT and pressure on foreign reserves mount. If the trend continues, the trade gap will surpass USD 19 billion this fiscal year, said

No need for new banks Setting up three more new banks will not bring any good for the banking sector as the existing ones are already weighed down by large volume of non-performing loans, said a former finance minister yesterday. M Syeduzzaman said: “57 banks are too many considering the

12 banks warned for higher credit growth than deposits Bangladesh Bank has warned 12 commercial banks due to their higher credit growth than collected deposits. The BB issued a letter to managing directors and chief executive officers of 12 banks on February 2 asking them to decrease their credit growth

AB Bank shares suddenly in demand despite losses in Q3 AB Bank’s shares were suddenly in demand yesterday although the private commercial lender incurred losses in the third quarter. The bank was the most traded shares on the Dhaka Stock Exchange yesterday with securities valued nearly Tk 86 crore changing