Credit growth exceeds MPS target Private sector credit growth rose sharply to 14.8% in the first month of current year surpassing the three year’s high of 14.2% growth achieved in December last. The new height of growth touches the credit ceiling of 14.8% set for June in the latest Monetary

Problems SMEs face in Bangladesh Small and medium enterprises (SMEs) are the backbone of the Bangladesh economy: they make up more than 90 percent of all Businesses that provide two out of three private sector jobs in the country. So, it is very important to help the sector grow for

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.49% (Oct 05 ’16) 3.54% (Sep 29 ’16) 0.05% Call Money Lending (Crore BDT) 5,310.00 (Oct 06 ’16) 5,390.00 (Sep 29 ’16) 10.46% Prices Weighted Average Deposit Rate 5.44% (Aug ’16) 5.48% (Jul’16) 0.04% Weighted Average Lending Rate

Banks seek BB support to lower interest Private commercial banks have sought regulatory support to bring down lending rates to single digit from July 1. The officials of the Association of Bankers, Bangladesh (ABB)—a platform of private banks’ chief executive officers—made the call in a meeting with BB Governor yesterday.

Cyber security at banks far cry from proper level Bankers and experts on Sunday said that the majority of the country’s commercial banks were yet to take proper security measures to tackle cyber-attack as the top executives of the banks possessed a poor knowledge about information technology. One-fourth of the