Export and remittance sectors suffered disappointments in 2023, looking desperately for solutions this year
Bangladesh has failed to meet IMF’s target on keeping $17.78 billion as the minimum net international reserve as of December 31 last year
The central bank has extended a total of Tk 22,000 crore in emergency funds to seven beleaguered banks including five Islamic banks to dress up their balance sheet ahead of the year’s end.
Bangladesh and India on July 11 rolled out the cross-border trade settlement in the rupee to cut the dependence on the US dollar, but transaction figures illustrate a dearth of interest in carrying out businesses in the Indian currency.
National Bank, the country’s first private sector bank with a prosperous past, became a losing concern due to massive loan irregularities, lack of good governance and conflict among directors.
The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters
Bancassurance will help banks improve their profitability and boost liquidity, in addition to making them more responsible towards clients, said Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank PLC
Fourteen banks, including six state-run ones, faced a record capital shortfall in the third quarter of 2023, an indication of their fragile financial health caused mainly by a lack of governance.
Export and remittance sectors suffered disappointments in 2023, looking desperately for solutions this year
Bangladesh has failed to meet IMF’s target on keeping $17.78 billion as the minimum net international reserve as of December 31 last year
The central bank has extended a total of Tk 22,000 crore in emergency funds to seven beleaguered banks including five Islamic banks to dress up their balance sheet ahead of the year’s end.
Bangladesh and India on July 11 rolled out the cross-border trade settlement in the rupee to cut the dependence on the US dollar, but transaction figures illustrate a dearth of interest in carrying out businesses in the Indian currency.
National Bank, the country’s first private sector bank with a prosperous past, became a losing concern due to massive loan irregularities, lack of good governance and conflict among directors.
The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters
Bancassurance will help banks improve their profitability and boost liquidity, in addition to making them more responsible towards clients, said Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank PLC
Fourteen banks, including six state-run ones, faced a record capital shortfall in the third quarter of 2023, an indication of their fragile financial health caused mainly by a lack of governance.
Complexities involving deeds offered as mortgage, lengthy procedures for availing the loans, lack of collateral, and growing demand for Netflix and other video streaming platforms are the major reasons for poor demand
Bangladesh Bank sets December 26 deadline for the banks to adjust current account deficit
