bank profits
Bad loans pile up at state banks, eating away profits
Four state-run commercial banks registered 29 per cent year-on-year spike in bad loans in 2022 as the central bank’s relaxed classification rules introduced in the wake of the Covid-19 outbreak ended and their inefficient lending persisted.
Banks glowing with paper profit
Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans.
Bad loans pile up at state banks, eating away profits
Four state-run commercial banks registered 29 per cent year-on-year spike in bad loans in 2022 as the central bank’s relaxed classification rules introduced in the wake of the Covid-19 outbreak ended and their inefficient lending persisted.
Banks glowing with paper profit
Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans.