An official of the task force, requesting anonymity, said the majority of the 10 conglomerates laundered money to the US, UK, Canada, Singapore, Malaysia, Thailand, Hong Kong, and…
Mere optimism will not build an investment-friendly environment. Bangladesh needs serious, systemic reform.
Of the external debt, $79.69 billion was taken by the public sector and the rest by the private sector. About 85 percent of the loans are long-term and the rest are short-term.
Recently, the central bank got down to bringing in much-needed governance to the financial sector, especially the banking industry, where irregularities are rife.
The banks, including four state-run ones, have fragile financial health, according to a recent report by the central bank of Bangladesh.
Defaulted loans now account for 9 percent of all outstanding loans, up from 8.16 percent a year earlier, as per the latest data from the Bangladesh Bank. The slow loan recovery…
Not only on bank loans, but the interest rates on treasury bills and bonds now also stand at higher levels, and they have continued to rise this fiscal year as the central bank…
The policy rate, the rate at which the central bank lends to financial institutions, was increased by 25 basis points to 8 percent, its eighth straight spike since the tightening…
Two key challenges for the governor are the sharp drop in the foreign exchange reserves and the taka's value against the US dollar.
Local bankers say the capital base is not strengthening due to the growing bad loans.