94 news articles tagged with "Banking Sector"
Prof Md Maksudur Rahman Sarker, an independent director and head of accounting at Dhaka University, has been elected chairman of SBAC Bank PLC as the lender navigates sector-wide reforms.
Prime Bank PLC has signed an agreement with Dominant Group to offer special discounts on apartment purchases to the bank's customers and employees, expanding its retail banking value proposition.
Bangladesh remittance dollar rate falls by Tk 1 in a week to Tk 122.70 (down from Tk 123.60-123.70). Banks NOP long positions near upper limit. $1.5B remittances in first 12 days of August. BB may intervene to protect rate floor at Tk 122.20.
Bangladesh Bank launched 18-month action plan to tackle NPLs. Governor: 36% of loans non-performing. 2 crore depositors affected. Plan aims to reduce NPLs and stabilise banking sector.
S&P Global has revised its long-term outlook on Bangladesh to negative from stable, citing persistent weakness in the domestic banking sector, fiscal constraints, and elevated risks from volatile global energy markets. The agency projected annual GDP growth to average 4.5 percent over the next three years, well below the government's recent growth targets.
Bangladesh Bank loans tied up under court stay orders jumped eightfold to Tk 182,419 crore by end-2025, with the number of cases rising from 226 to 845 in three years. Bankers and CPD warn of strategic defaulters exploiting legal loopholes to block recovery.
Bangladesh Bank reports full-fledged Islamic banks NPL ratio surged to 58.4% in March 2026 from 29.2% a year earlier, while fourth-generation banks hit 52.2%. ADRs of 120.3% for Islamic banks and 101.6% for 4th-gen banks raise systemic risk warnings.
Experts at an MCCI-PEB roundtable warned that 75-80% of Bangladesh bank lending flows to corporates, leaving SMEs underserved. BRAC Bank's Syed Abdul Momen cited data showing unsecured SME loans (2% NPL) outperform collateral-backed loans (7% NPL), challenging collateral-focused lending culture.
Bangladesh has introduced automated Account Verification System for savings certificates and bonds, with 9 of 11 national savings schemes now processed automatically for 39 lakh+ customers.
Dozens were injured in a clash between sacked Islami Bank employees and the Sachetan Grahak Forum outside the bank's head office in Dhaka, highlighting the bank's ongoing governance crisis.
BKMEA has urged the government to form a high-level committee to coordinate garment industry policymaking, including ministers of finance, commerce and industries, plus NBR and industry associations.
Bangladesh's IDRA has paid Tk 37.54 crore in insurance claims to 8,417 policyholders of seven troubled life insurers in two phases, with the initiative continuing to address remaining unpaid claims.