Many listed banks report sound earnings in Q1 Many of the banks listed with the stock market have reported better earnings in the January-March period of this year compared to last year’s corresponding quarter. According to information from Dhaka Stock Exchange (DSE), out of 30 listed banks, 12 have so

Bailout fund for scam-hit state-owned banks again The government is likely to set aside Tk 1500 crore in the upcoming national budget in bailout fund for scam-hit state-owned banks despite opposition from experts, think-tanks and right groups. The proposed allocation is, however, Tk 500 crore less than the bailout fund

Interest rate for lending cut to 9.7% in March Scheduled banks cut their rates of interest on lending further in March, the 27th month in a row, as the business people were reluctant to borrow from banks amid a dull business situation in the country, said Bangladesh Bank officials. The

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.95% (Jan 02’19) 4.97% (Dec 26’19) 0.40% Call Money Lending (Crore BDT) 5,536.36 (Jan 02’19) 3,782.28 (Dec 26’19) 46.38% Prices Weighted Average Deposit Rate 5.66% (Oct ’19) 5.60% (Aug ’19) 1.07% Weighted Average Lending Rate 9.58% (Aug ’19)

Bank heist report not yet, Muhith reaffirms Finance Minister AMA Muhith reiterated that the probe report on the heist in Bangladesh Bank’s account with the US Federal Reserve Bank wouldn’t be published yet, but expressed the hope that the entire sum would be recovered. But it’ll take time, he said