Banking Sector

Bangladesh Bank looked away as tycoons borrowed at will from 2 banks

On edge -- is what best describes the sensation surrounding the banking sector. But the Bangladesh Bank higher-ups were warned as early as October 2021 that such a situation might transpire. Yet, no definitive action was taken then.

January 30, 2023
January 30, 2023

Banking sector needs comprehensive reforms: ADB

Bangladesh’s banking sector now requires comprehensive reforms for the financial sector to become strong enough to augment a transition to an upper middle-income country by 2031, said Edimon Ginting, country director of Asian Development Bank (ADB), yesterday. 

December 18, 2022
December 18, 2022

Bangladesh Bank looked away as tycoons borrowed at will from 2 banks

On edge -- is what best describes the sensation surrounding the banking sector. But the Bangladesh Bank higher-ups were warned as early as October 2021 that such a situation might transpire. Yet, no definitive action was taken then.

December 13, 2022
December 13, 2022

BB sends observers to Islami Bank, FSIBL

Bangladesh Bank yesterday re-appointed an observer at Islami Bank and dispatched an observer for the first time at First Security Islami Bank (FSIBL) -- the two Shariah-based lenders where Chattogram-based business giant S Alam Group has significant stakes.

December 5, 2022
December 5, 2022

Bad debts going worse

Misgovernance, corruption, nepotism and subsequent bad debts keep plaguing our banking landscape.

December 1, 2022
December 1, 2022

Kamal doesn’t know what is wrong with the banking sector

Islami Bank, Social Islami Bank and First Security Islami Bank lent about Tk 9,500 crore under suspicious circumstances, as reported by different media. Of the sum, Tk 7,246 crore has been taken from Islami Bank alone.

November 21, 2022
November 21, 2022

Reforms in the financial sector necessary to get rid of default loans

Why is the amount of default loans increasing day by day?

November 5, 2022
November 5, 2022

Govt should restore discipline in banking sector: FBCCI president

The government should restore discipline in the banking sector as some banks made abnormal profits by selling US dollars cashing in on the exchange rate volatility, FBCCI President Md Jashim Uddin said today.

October 19, 2022
October 19, 2022

9 sectors hold 70pc bad loans

Around 70 per cent of default loans in the banking sector is concentrated in nine sectors of the economy as many borrowers are finding it difficult to pay instalments for the dragging economic slowdown while willful defaulters are also a major factor.  

September 27, 2019
September 27, 2019

Banking in dire straits: Will needed to fix ills

People do not lack strength; they lack will, the French poet and novelist Victor Hugo once said. The words perfectly describe the government’s attitude thus far towards fixing the banking sector.

April 4, 2019
April 4, 2019

Banking sector's health weakens

The financial health of the banking sector is weakening due to rising non-performing loans, a lack of corporate governance and increasing capital shortfall, according to an Asian Development Bank report released yesterday.