Private sector credit growth picks up Private sector credit growth crossed the 16% mark for the first time in six months in March on the back of higher investment in government’s infrastructure projects and a surge in SME lending amid lower interest rate. In March, credit growth stood at 16.1%

Stronger US dollar plays role in inflow of remittance The continued appreciation of US dollar against Bangladeshi Taka (BDT) is playing an important role in increasing the inflow of remittances into Bangladesh, observed experts, reports BSS. The inflow of remittance over the first five months of the current fiscal year

Boost private investment to create more jobs Bangladesh must increase the stymied private investment to boost economic growth and help generate enough jobs for its burgeoning workforce, the central bank recommends. “To reach the next phase of growth, Bangladesh needs to increase the level of private investment to create jobs

Government bank borrowing turns negative in Q1 The government’s net borrowing from the banking sector turned negative in the first quarter of this financial year because of a surge in the net investment by clients in the national savings certificates and bonds. According to the latest Bangladesh Bank data, the

‘Best’ bank put in a sticky stew By all indicators it was deemed to be the best performing bank in Bangladesh, posting a profit of Tk 2,300 crore last year, leaving any other private bank far behind. However, that could not rid the bank of its ill repute—that it was