Why is credit demand so low?
Credit demand in the private sector of Bangladesh has virtually ground to a halt, hitting its lowest level since at least 2004, indicating a distressed business and investment situation.
12 April 2025, 18:00 PM
Remittance up as rates stabilise
Steady growth in remittance inflow has helped the interim government arrest the decline in foreign currency reserves, leading many to wonder why the remitters are sending more and more money back home.
29 March 2025, 20:17 PM
Forex market steadies as dollar inflows go up
The country’s foreign exchange market is stabilising thanks to a surge in US dollar (USD) inflows, driven by higher remittances, stronger export earnings and tighter oversight by the central bank.
26 March 2025, 18:00 PM
Banks get remedies but what about ailing NBFIs?
Of the 35 NBFIs in the country, a dozen are currently struggling to repay depositors due to an acute liquidity crisis
23 March 2025, 18:00 PM
Depositors to get max Tk 2 lakh on bank liquidation
The Bangladesh Bank (BB) has drafted a Deposit Protection Ordinance, proposing a maximum payout of Tk 2 lakh per depositor if a bank undergoes liquidation. The limit will be reviewed every three years.
22 March 2025, 18:00 PM
Islamic banks witness deposit shift
Islamic wings of conventional banks have become the preferred choice for religiously inclined depositors as many full-fledged Shariah-based banks struggle with a crisis of trust.
19 March 2025, 18:00 PM
Bad loans at scam-hit banks surge after political changeover
At the end of last year, defaulted loans in the banking sector stood at Tk 345,765 crore, with those state-run and private commercial banks holding the majority.
18 March 2025, 18:00 PM
Shady firm took Tk 950cr from Islami Bank
It happened in just two days. A Nabil Group employee and a relative of its chairman own the firm.
15 March 2025, 20:54 PM
BB reconstitutes board of three private banks
The Bangladesh Bank (BB) today reconstituted the board of directors of three private commercial banks.
12 March 2025, 13:52 PM
Private sector credit growth hits decade-low
Credit appetite of the local private firms continues to fizzle out as the ongoing battle against inflation makes bank borrowing more expensive amid a volatile political climate after the August political changeover.
9 March 2025, 18:00 PM
True extent of bad loans emerges
Defaulted loans in the country’s banking sector reached a record Tk 3,45,765 crore at the end of 2024 as toxic loans increased sharply following the political changeover in August last year.
26 February 2025, 18:00 PM
Bangladesh Bank governor’s unfiltered remarks: A cause for concern?
“Mansur is a knowledgeable and well-intentioned governor, but given the sector’s sensitivity, he should exercise extreme caution in his public remarks”
26 February 2025, 08:55 AM
Mazumder holds assets worth £43m in UK
Nazrul Islam Mazumder, chairman of Nassa Group and a close associate of deposed prime minister Sheikh Hasina, holds assets worth £43.23 million or about Tk 656 crore in the UK, according to the Bangladesh Financial Intelligence Unit.
16 February 2025, 18:00 PM
Foreign firms to be hired to recover laundered money
A meeting between BFIU and managing directors of the banks made the decision
16 February 2025, 18:00 PM
BB discovers irregularities at Al-Arafah Islami Bank
The Bangladesh Bank (BB) has uncovered serious irregularities at Al-Arafah Islami Bank, including misuse of its corporate social responsibility (CSR) funds.
11 February 2025, 18:00 PM
Salman F Rahman used IFIC Bank for personal gains
Says Md Mehmood Husain, independent director and current chair of the bank
10 February 2025, 18:17 PM
BB keeps policy stance tight to tame inflation
The Bangladesh Bank (BB) has maintained its tight monetary policy stance for the second half of the current fiscal year (FY) 2024-25 to tame the stubbornly high inflation.
10 February 2025, 18:00 PM
Janata Bank crippled by record default loans
Janata Bank’s defaulted loans surged to a record Tk 67,300 crore by the end of last year, as politically exposed persons and business conglomerates became defaulters following the recent political changeover, reflecting the fragile condition of the state-run bank.
8 February 2025, 18:00 PM
BFIU finds NI Mazumder’s money laundering links
Nazrul Islam Mazumder, chairman of Nassa Group and a close associate of deposed prime minister Sheikh Hasina, has been accused of trade-based money laundering amounting to Tk 16,000 crore by the Bangladesh Financial Intelligence Unit.
4 February 2025, 18:37 PM
Cash-strapped Padma Bank struggling to pay employees
Padma Bank, formerly Farmers Bank, has sunk into such a financial abyss that the lender is struggling to pay its employees’ monthly salaries and has sought a Tk 5,000 crore bailout package from Bangladesh Bank to stay afloat.
2 February 2025, 18:00 PM