Buyers’ credit rises to USD 4.45 billion The buyers’ credit in the country’s business sector increased by 17.8% to USD 4.45 billion as of June 30, 2016 from USD 3.78 billion as of June 30, 2015 as the local importers are allowed to take the foreign loans with a lower

Banks’ written-off loans soar further to BDT 423.0 billion Written-off loans bloated by nearly 3.0% or BDT 11.2 billion in the first six months of the current calendar year as banks tried to clean their balance sheets by reducing loads of default loans. The cumulative amount of loans written off

ADB to provide $ 200m loan The Asian Development Bank (ADB) will provide US$ 200 million in loans to help improve the rural road network in Bangladesh. An agreement was signed between the government and the Manila-based lender in this connection on Sunday, according to a statement. The assistance supports

Banks paid-up set to get raise by a quarter The central bank is set to raise paid-up capital of scheduled banks to Tk 5.0 billion from the existing Tk 4.0 billion over the next two years. According to a senior official of the Bangladesh Bank (BB), they are working on

Stocks end lower after budget announcement Stocks plummeted on Sunday, the first session after budget announcement, as investors reacted negatively to the proposed budget. Market insiders said investors were frustrated as there was no specific direction on the capital market except for corporate tax cut for listed banks and financial