Banks play hide-n-seek with default loan figures Four state-run banks hid the real information about the BDT 40.7 billion loan default at the fourth quarter in December. According Bangladesh Bank’s (BB) latest report, the default loans in last three months amounted to BDT 112.4 billion. After December, the figure stood

Banks write off BDT 9.2 billion more in bad debts in April-June The country’s banking sector wrote off another BDT 9.21 billion in bad debts in the April-June period of this year with The City Bank and Prime Bank leading the way. The amount of bad debts written off by

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 5.09% (Jan 09’20) 4.73% (Jan 09’19) 0.36% Call Money Lending (Crore BDT) 2,621.26 (Jan 02’20) 5,536.36 (Jan 02’19) 52.65 % Prices Weighted Average Deposit Rate 5.71% (Nov ’19) 5.71% (Nov ’19) 0.00% Weighted Average Lending Rate 9.63% (Nov

Lending rates cut further to 9.8% Scheduled banks cut their rates of interest on lending further in February, the 26th month in a row, as the businesspeople were reluctant to borrow from banks amid a dull business situation in the country, said Bangladesh Bank officials. The rates of interest on

Deposits in school banking accounts rise to Tk 1,100cr Total deposits in the bank accounts owned by schoolchildren in the country increased to Tk 1,100.37 crore as of March 31, 2017 from that of Tk 1,020.79 crore as of December 31, 2016.A Bangladesh Bank official told New Age on Thursday