Banks asked not to concentrate loans in few businesses Bangladesh Bank on Sunday asked the country’s commercial banks not to concentrate their loans in a particular sector or a few corporate groups with a view to protecting the banks’ financial health. The central bank also asked private commercial banks to

Banks write off BDT 9.2 billion more in bad debts in April-June The country’s banking sector wrote off another BDT 9.21 billion in bad debts in the April-June period of this year with The City Bank and Prime Bank leading the way. The amount of bad debts written off by

Contractionary monetary policy on the cards Bangladesh Bank is preparing a contractionary monetary policy statement (MPS) for the second half of the current fiscal year to control the supply of credits and inflation in a bid to maintain economic stability, according to officials. To ensure price stability and gain public

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 5.09% (Jan 09’20) 4.73% (Jan 09’19) 0.36% Call Money Lending (Crore BDT) 2,621.26 (Jan 02’20) 5,536.36 (Jan 02’19) 52.65 % Prices Weighted Average Deposit Rate 5.71% (Nov ’19) 5.71% (Nov ’19) 0.00% Weighted Average Lending Rate 9.63% (Nov

BB issues licence for Shimanto Bank Bangladesh Bank (BB) issued a licence for Shimanto Bank Limited, owned by the Border Guard Bangladesh (BGB) Welfare Trust. The central bank of Bangladesh on Thursday issued the licence to the Shimanto Bank for running their business after complying with all rules and regulations,