The Hallmark scam was the largest loan scam involving Sonali Bank at that time
Governor says govt verbally approved Tk 5,000cr to pay depositors; Sammilito Islami Bank gets licence
Defaulted loans in the banking sector rose further to Tk 6.44 lakh crore, or nearly 36 percent of total disbursed loans, at the end of September, indicating the continued fragile state of the country’s financial sector.
Bank Asia plans to accelerate the expansion of retail and SME lending, strengthen its presence at home and abroad, widen its agent network, and continue leading digital innovation in the coming years. The private bank wants to expand SME and retail loans to at least 50 percent of the total portfolio within the next three years.
Today, fresh Tk 350 crore liquidity support approved for the to-be-merged banks, taking the total to Tk 35,300 crore
This is the highest bad loan ratio since 2000
NPLs reach their highest level since 2000, reflecting irresponsible lending, political influence under previous regime
Bangladesh Bank has not published the banking sector’s classified loan data for the April-June quarter even five months after it ended, leaving analysts without a clear picture of the sector’s condition.
The Hallmark scam was the largest loan scam involving Sonali Bank at that time
Governor says govt verbally approved Tk 5,000cr to pay depositors; Sammilito Islami Bank gets licence
Defaulted loans in the banking sector rose further to Tk 6.44 lakh crore, or nearly 36 percent of total disbursed loans, at the end of September, indicating the continued fragile state of the country’s financial sector.
Bank Asia plans to accelerate the expansion of retail and SME lending, strengthen its presence at home and abroad, widen its agent network, and continue leading digital innovation in the coming years. The private bank wants to expand SME and retail loans to at least 50 percent of the total portfolio within the next three years.
Today, fresh Tk 350 crore liquidity support approved for the to-be-merged banks, taking the total to Tk 35,300 crore
This is the highest bad loan ratio since 2000
NPLs reach their highest level since 2000, reflecting irresponsible lending, political influence under previous regime
Bangladesh Bank has not published the banking sector’s classified loan data for the April-June quarter even five months after it ended, leaving analysts without a clear picture of the sector’s condition.
The announcement came amid ongoing discussions over a proposed $20 million investment to reopen several Beximco Group factories.
AB Bank’s bad loans have ballooned to an unprecedented level, with nearly 84 percent of its total loans in default, a sign of severe financial distress caused by years of irregularities at the country’s first private commercial lender.
