Most listed banks’ net profits rise on defaulted loan rescheduling Amid a sluggish business situation, the net profit after tax of most of the banks listed with the capital market increased last year from that in the previous year, thanks to wholesale rescheduling of defaulted loans. Twenty-seven of the 30

$400m up for grabs for key infrastructure dev The central bank has undertaken Investment Promotion and Financing Facility (IPFF-II) project with over US$400 million disbursement target for infrastructure development in nine key sectors. An official list of the sectors eligible for drawing the funds includes ports, power, environment, industrial estates

SoCBs’ provision shortfall widens on higher NPLs Public banks are getting into some difficulty in lending as their overall shortfall in provision against both classified and unclassified loans increased over 6.0% in the first quarter (Q1) of this year. According to the central bank’s latest statistics, the amount of provisioning

BB suspends agri loan recovery in haor areas Bangladesh Bank on Monday asked banks to suspend their farm loan recovery programmes in the flash floods-hit haor regions in Sunamganj, Sylhet, Moulvibazar, Netrokona, Kishoreganj and Brahmanbaria and the other parts of the country affected by the calamity. Recent flash floods damaged

Downward revision of savings tools’ yield rates likely The government will review and re-fix soon the yield rates of different national savings certificates aiming to make them time-befitting, officials said. The finance minister in a letter on Tuesday last asked the senior secretary of the finance ministry to fix the