Otherwise, banking sector health will continue to deteriorate

More than Tk 92,000 crore have been siphoned out of the banking sector through 24 major loan scams since 2008, according to the Centre for Policy Dialogue (CPD).

The global lender came up with the warning in a statement yesterday in light of recent reports of online loan scams using its name and logo in Bangladesh.

Conventional lenders in Bangladesh fell behind shariah-based banks in 2022 in terms of profit growth mainly due to the lower interest rate regime.