The government has proposed to borrow Tk 1.04 lakh crore from the banking system in the upcoming financial year 2025-26, marking a 5-per cent increase from the revised bank borrowing target of Tk 99,000 crore for the current financial year.
The amount of the defaulted loans of 10 influential business groups — with close ties to the fallen Awami League-led government and currently under joint investigation — has so far climbed to Tk 51,663 crore, out of a total loan of Tk 3.56 lakh crore, according to...
Sonali Bank PLC on Saturday launched a special programme to recover loans, said a press release...
Bangladesh is likely to receive $1.3 billion from the International Monetary Fund (IMF) by June, as the Bangladesh Bank has agreed to make the exchange rate more flexible — a key condition of the IMF’s $4.7 billion loan programme...
The International Monetary Fund will give decision on providing the next two tranches of its US$4.7 billion loan package for Bangladesh amounting to $1.3 billion on Wednesday.
Bangladesh Bank has barred bank directors, their family members, and affiliated business entities from obtaining loans exceeding 50 per cent of the face value of their shareholding in the respective bank.
The government repaid $3.2 billion to creditors to service foreign debts in the first nine months of the current financial year (2024-25)...
Banks rescheduled Tk 35,850 crore in defaulted loans during October-December period of 2024, with over 98 per cent of the rescheduling done by private banks...
Banks disbursed Tk 24,860 crore in agricultural loans during July-March period of the 2024-25 financial year, achieving 65.42 per cent of the total disbursement target for FY25, according to Bangladesh Bank data.
Bangladesh has signed two loan deals worth $850 million with the World Bank to develop the Bay Terminal, a major marine terminal in Chattogram, and modernise the national social protection system...
The release of the next tranche of the International Monetary Fund’s $4.7 billion loan to Bangladesh may face further delay, as the IMF has yet to reach a staff-level agreement with the government...
The country’s external debts fell by $736 million at the end of December 2024 due largely to the clearing of overdue payments and the interim government’s restrained approach to new overseas borrowing.
Economists, researchers and academics have emphasised curtailing non-performing loans to ensure good governance in the banking sector and make the country’s economy vibrant...
A DECLINE in the non-performing loans recovery ratio, which is concerning, suggests that the measures taken are not effective and stringent enough. The recovery ratio of non-performing loans dropped significantly in the final quarter of 2024, with the ratio standing at 3.44 per cent, down from 5.12 per cent in the corresponding 2023 quarter, as data of Bangladesh Bank...
A Dhaka court on Monday convicted and sentenced 11 individuals to different terms of jail in a case lodged over embezzlement of Sonali Bank money through loan forgery...
The banks in Bangladesh have recovered Tk 9,791 crore in non-performing loans during the October–December quarter of 2024, posting a 23 per cent rise from Tk 7,960 crore in the same period of 2023...
Finance adviser Salehuddin Ahmed on Sunday said that the government must increase the revenue generation to match with the gross domestic products...
The top 10 banks in Bangladesh have collectively written off Tk 41,129 crore in bad loans by the end of December 2024, accounting for nearly half of the total written-off loans in the banking sector, according to Bangladesh Bank data.
Banks disbursed Tk 22,125 crore in agricultural loans during July-February period of the 2024-25 financial year, achieving 58 per cent of the total disbursement target for FY25, according to Bangladesh Bank data...
Industrial term loan disbursements declined in the October-December period of 2024 compared with the same period of the previous year, reflecting the ongoing economic distress driven by political unrest and sharp depreciation of the local currency.
Banks may have to pay out tens of billions of pounds if the British Supreme Court upholds a judgment ruling controversial car loans are unlawful, in a case beginning in April.
The government has continued facing pressure regarding the external debt management in eight months (July-February) of the 2024-25 financial year.
The Ministry of Religious Affairs is providing interest-free microloans and financial assistance to imams and muezzins across Bangladesh from Imam-Muezzin Welfare Trust...
Islami Bank Bangladesh PLC has issued a notice to auction the assets of Infinity CR Strips Industries Limited, a subsidiary of S Alam Group, to recover outstanding loans...
Ten commercial banks in Bangladesh collectively had Tk 2.57 lakh crore in defaulted loans as of December 2024, accounting for nearly 75 per cent of the total non-performing loans in the country’s banking sector.
The High Court on Wednesday directed the Bangladesh Bank and other relevant authorities to take legal action against individuals and institutions responsible for approving Tk 53,000 crore in questionable loans to Beximco Group...
The Bangladesh Bank on Monday relaxed the exit policy for loan defaulters, lowering the minimum down payment requirement to encourage wider adoption of the policy...
Bangladesh Bank governor Ahsan H Mansur on Thursday agreed to allow the rescheduling of defaulted loans taken by the Bashundhara Group, one of the country’s industrial conglomerates.
Private sector short-term foreign loans dropped below $10 billion in January for the first time in four years as businesses prioritised repaying existing loans over securing new ones, amid ongoing political unrest in the country...
This is welcome that the central bank has adopted international loan classification standards and changed classification policies to get the actual picture of default loans. But a lack of measures to recover defaulted loans is worrying. The central bank has reduced the timeframe to classify loans as defaulted from the previous 270 days to 180 days. Since the adoption...
