Banking sector sees rise of millionaire depositors In just one year, the banking sector has seen a massive rise in millionaire depositors. There are 5,834 more millionaire depositors in the sector compared to the previous year. Before, the number was 62,038; currently it is 67,872. The information comes from the

Most banks make robust operating profits in 2017 Operating profits of most of the scheduled banks increased significantly in the just-concluded year of 2017 amid rampant credit disbursements by the banks, said senior bank officials. Out of 28 banks, data of which were available till Sunday, operating profits of 27

Banks’ excess liquidity falls slightly The overall excess liquidity with the commercial banks decreased slightly in May, following the recent higher credit growth particularly in the private sector, officials said. The excess liquidity fell by nearly 2.0% to BDT 1.17 trillion in the first week of May from BDT 1.19

Bangladesh Bank (BB) creates USD 240m fund for Small and Medium Enterprises (SME) Bangladesh Bank (BB) has created a USD 240 million refinancing fund for providing loans to small and medium enterprises (SMEs) at low interest. Asian Development Bank (ADB) will contribute USD 200 million while the government will provide

Imports soar 28pc on food grains, machinery, fuel oils The country’s overall imports jumped by more than 28 per cent or US$1.09 billion in January mainly due to higher import of food grains, capital machinery and fuel oils, officials said. The settlement of letters of credit (LCs), generally known as