Category Archives: BANKING

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Credit growth target for private sector may remain unchanged

Bangladesh Bank is likely to keep the private sector’s credit growth target unchanged in the new monetary policy, which will be announced today, because of continued political unrest that began…

Beximco Pharma secures $51.6m from German bank

Beximco Pharmaceuticals will borrow about $51.6 million from Frankfurt-based BHF-Bank Aktiengesellshaft to expand its production. The local drug maker, a unit of business conglomerate Beximco Group, struck a loan deal…

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Big borrowers to get 12 years to repay

The central bank yesterday approved a restructuring policy under which a big borrower would get a maximum of 12 years to repay loans above Tk 500 crore. The borrower will…

Govt pays Tk 45.72b as interest against savings instruments

The government’s interest payment on account of its borrowing from savings instruments increased by 27 per cent in the first half of this fiscal year (FY) over that of the…

Janata Bank

Janata Bank improves bad debt recovery

Janata Bank’s default loans decreased 0.77 percentage points due to better recovery. The bank’s defaults were Tk 3,306 crore or 10.34 percent of its total loans in December 2014, compared…

Private banks’ credit growth rebounds

Private banks saw a substantial increase in credit growth towards the end of last year, but the ongoing political turmoil might put a damper on that, bank officials said. Credit…

The government used to lower its voice whenever it fell in danger

Khaleda termed prime minister’s Friday’s invitation to the opposition to sit for a dialogue as a “new drama”. “The government used to lower its voice whenever it fell in danger….

Khaleda Zia yesterday gave a 48-hour ultimatum

BNP Chairperson Khaleda Zia yesterday gave a 48-hour ultimatum to Prime Minister Sheikh Hasina to come up with a clear announcement of accepting opposition’s demand for restoring caretaker government system….