Banks increase agricultural loan Farm and non-farm credit disbursement witnessed a massive 107.89 per cent growth in the 11 months of fiscal year 2016-17 (FY17) as banks in public and private sectors, including the specialised and foreign ones, disbursed about Tk 189 billion till May against their total target of

New banking hours for Ramadan Bangladesh Bank has fixed the office hours for all banks from 9:30am to 4:00pm for the holy month of Ramadan. Bank officials will get a prayer break between 1:15 pm and 1:30pm, according to a BB circular. During the prayer break, transactions will be made

Default loans plague banks, corporations Bangladesh’s entire banking and financial corporate have been plagued by a menacing default culture that is setting roots deeper every year with no one or way to stop the drainage of loaned money and recover it.Banking sources said the amount of default loans is increasing

BRAC Bank records 75.0% YoY profit growth BRAC Bank Limited recorded a staggering 75% growth in year-on-year after tax profit in the first six months (January-June) of 2016, said a statement. The bank reported a consolidated after tax profit of BDT 1,746 million during January-June 2016 which was BDT 1,000

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 2.31% (Jul 24’19) 2.31% (Jul 17’19) 0.83% Call Money Lending (Crore BDT) 7,142.74 (Jul 24’19) 7,142.74 (Jul 17’19) 22.02% Prices Weighted Average Deposit Rate 5.46% (Jul 25’19) 5.46% (Jul 18’19) 0.00% Weighted Average Lending Rate 9.51% (Jul 25’19)