More in Loan
ADB gives green light to $400 million loan for Bangladesh
ADB has granted Bangladesh a $400 million loan to facilitate reforms in domestic resource mobilization and enhance the efficiency and productivity of public spending. The loan will also assist small businesses, particularly women-led, in accessing affordable and innovative bank financing. The funding is part of the ADB’s Sustainable Economic Recovery Program, initiated in October 2021 […]
BY Insider Desk
Increase of default loans by 9% recorded in a three-month period
The banking sector in Bangladesh experienced a surge in default loans, reaching Tk 131,621 crore in March, as revealed by data from the Bangladesh Bank. This marked an increase of Tk 10,964 crore within the year’s first quarter and a notable rise of 9% compared to the previous three months. Year-on-year, non-performing loans (NPLs) rose […]
BY Insider Desk
Why affordable loans for investments fall short of expectations
Investors and market intermediaries are not interested in margin loans despite relaxed rules by the securities regulator. The issue is not the bearish market but rather the restrictions on price movement that prevent investors from taking loans for new investments. This has recently led to a significant decline in the disbursement of margin loans. Margin […]
BY Insider Desk
Government borrowing surpasses expectations, raising concerns for the country’s economy
Bangladesh’s government has exceeded its bank borrowing target for deficit financing this fiscal year, reaching Tk 780 billion despite official claims of austerity measures. Official statistics reveal that public spending has far outpaced earnings, leading to increased borrowing and a potential record-high debt by the end of the fiscal year. The data provided by the […]
BY Insider Desk
US bank lending reaches record levels as deposits decline
Deposits at US commercial banks fell toward the end of April to the lowest in nearly two years, data released on Friday by the Federal Reserve showed, while overall credit provided by banks moved up, led by a record level of outstanding loans and leases. Deposits on a nonseasonal adjusted basis fell in the week […]
BY Insider Desk