BB to incoporate a provision in its CSR policy
Bangladesh Bank would incorporate a provision in its corporate social responsibility policy now being prepared to prevent banks from diverting CSR funds to terrorist or militant financing. A directive in this regard was issued during the third meeting of the Anti-Militant Financing Task Force at the home ministry last month.
The central bank also explained at the meeting as to why money from loan default compensation funds, especially of the Islamic banks, could not be used for CSR purposes. The compensation funds are created from fines that banks collect when borr...
The central bank also explained at the meeting as to why money from loan default compensation funds, especially of the Islamic banks, could not be used for CSR purposes. The compensation funds are created from fines that banks collect when borr...
Banks largely robust to shocks
Most of the banks have sufficient capital buffer to absorb adverse shocks and still maintain the sector's overall capital adequacy ratio (CAR) above the minimum requirement, the central bank's most recent stress tests found.
The exercise, conducted by the Financial Stability Department on data from the April-June quarter of this year, looked at the impact of different stressed situations on banks' capital.
The minimum capital requirement for scheduled banks is the greater of the two: 10 percent of risk-weighted assets or Tk 400 crore, reports the Daily Star.
At the end of June, the sector's CAR stood at 10.68 percent, above the minimum regulatory requirement of 10 percent.
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Black tiger shrimp exports suffer
Black tiger shrimp exports from Bangladesh are facing a slowdown in the wake of reduced demand in major markets.
An increased supply of vannamei shrimp from other exporting countries and their reduced prices account for the slowdown, reports The Daily Star.
Buyers are more interested in low-priced vannamei than in expensive black tiger shrimps, said Khan Habibur Rahman, deputy managing director of Lockpur Group, a leading seafood exporter.
Shrimp exports rose 3.59% year-on-year to $180.3 million between July a...
Buyers are more interested in low-priced vannamei than in expensive black tiger shrimps, said Khan Habibur Rahman, deputy managing director of Lockpur Group, a leading seafood exporter.
Shrimp exports rose 3.59% year-on-year to $180.3 million between July a...
Banking sector returns to sorry state again
Banking sector indicators have fallen further in June due to rise in gross non-performing loans (NPLs) and shortfall in actual provisioning maintained by the sector.
Bangladesh Bank, in its quarterly review released early this week, expressed concern over the weakening performance by the banks, mainly the state-owned ones having major portion of the NPLs.
After showing a noticeable improvement in December, the banking indicators faced setback again in the last two quarters.
An abnormal increase in NPLs pushed the indicators down, said a senior executive of the central bank, reports the Dhaka Tribune.
Bangladesh economy progressing, but below potential
Bangladesh continues to make progress on human development and reducing extreme poverty. Political uncertainty and weak competitiveness are dragging acceleration of private investment and growth. To sustain growth in the near- and medium-term, private investment need to increase significantly along with improving the quality of public investment.
The Bangladesh Development Update October 2014 notes that the economy is gradually recovering from prolonged disruptions, aided by political and macroeconomic stability. The challenge now is to consolidate this ...
The Bangladesh Development Update October 2014 notes that the economy is gradually recovering from prolonged disruptions, aided by political and macroeconomic stability. The challenge now is to consolidate this ...
