Southeast Bank to issue BDT5.0bn subordinate bonds The Bangladesh Securities and Exchange Commission (BSEC) has taken a set of decisions, including approval of non-convertible subordinate bond of Southeast Bank worth BDT 5.0 billion. The approval came a meeting held at the office of the BSEC in capital Dhaka on Tuesday

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.53% (May 15’19) 4.51% (May 08’19) 0.02% Call Money Lending (Crore BDT) 5,434.51 (May 15’19) 5,786.45 (May 08’19) 6.08% Prices Weighted Average Deposit Rate 5.30% (May 16’19) 5.35% (May 09’19) 0.05% Weighted Average Lending Rate 9.49% (May 16’19)

50m Euro loan fund at BB for RMG sector The government, in support with Agence Francaise de Developpement of France, has constituted a loan fund in Bangladesh Bank worth 50 million euro to support safety remediation, environmental and social up-gradation of readymade garment factories. Under the Programme to Support Safety

Nonperforming loans on the rise Nonperforming loans in the banking sector are on the rise this year on the back of increasing tendency of habitual defaulters to file writ petitions, which stall the loan recovery process. At the end of last year, the sector’s NPL ratio stood at 9.23 percent,

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.58% (Apr 24’19) 4.59% (Apr 17’19) 0.01% Call Money Lending (Crore BDT) 3,785.98 (Apr 24’19) 2,768.90 (Apr 17’19) 36.73% Prices Weighted Average Deposit Rate 5.34% (Apr 25’19) 5.34% (Apr 18’19) 0.00% Weighted Average Lending Rate 9.49% (Apr 25’19)