Economists are always noted for telling unpleasant truths because they go by numbers, research, theory, and judgement. Rarely do politicians—who can manufacture arguments to suit their purpose—endorse economists who are objective. Former Bangladesh Bank Governor Dr Mohammad Farashuddin has unvei

The merger guideline for banks and financial institutions is being hailed as a major step towards fixing the problem in the financial sector, which has been weighed down by massive default loans and weak corporate governance.

Bangladesh Bank deserves credit for forging the deal of signing the MoU between EXIM Bank and Padma Bank on March 18.

Report on NRBC Bank shows how chaotic the banking sector has been

The intricate connection between politics and corruption in Bangladesh raises profound concerns that demand immediate attention.

Merger takes place when two or more companies combine together to strengthen capital base and asset size.

With the facade of the elections at its height, prevailing financial issues seem to have faded into the background.

As most of our economic sectors depend heavily on banks, it has created many problems for the banking sector and its depositors.

Political support and a strong Bangladesh Bank are crucial to deal with the challenges, including high non-performing loans (NPLs), in the banking sector, said Mustafa K Mujeri, a former chief economist of the central bank, yesterday.

In the banking sector of Bangladesh, exemptions from rules and regulations for powerful loan defaulters seem to be the default rules.

Janata Bank must answer for its poor handling of AnonTex’s loans

Is the government ever going to stop them?

Relaxing loan repayment is unlikely to work if habitual defaulters continue to be tolerated

Non-bank financial institutions in Bangladesh lost 48,637 deposit accounts in the three months to December as savers moved away from NBFIs owing to the imposition of the cap on the deposit rate and the erosion of confidence in the wake of allegations of irregularities at some banks. 

Moody’s, one of the big three global rating agencies, downgraded its outlook for Bangladesh’s banking sector from “stable” to “negative.”

Far from being a year in which our economy recovered, 2022 proved to be a year where we discovered numerous cracks in it.

As of September 2022, NPLs have soared over Tk 134,000 crores.

There are rumours in the market that a highly politically powerful business group is going to take over the ownership of the bank from S Alam Group.

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.

Even though the amount of our default loans is over Tk 130,000 crore, according to the government accounts, IMF suggests it is almost over Tk 300,000 crore.