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Banking

Moody’s downgrades banking outlook to negative

Moody's Ratings has revised its outlook on Bangladesh's banking sector from stable to negative, citing increasing asset risks and worsening economic conditions. In a report released today, the agency highlighted several pressing concerns, including declining asset quality, persistent inflation, and slowing economic growth, all of which are expected to undermine banks' profitability and financial stability.

According to Moody's, Bangladesh's real GDP g...

Banks turn to bonds amid uncertainty

Bangladesh is facing a worrying decline in private sector investment, exacerbated by prolonged political instability. The country’s banking sector has witnessed a surge in excess liquid assets, reaching Tk2.15 lakh crore at the end of December 2024, compared to Tk1.63 lakh crore a year earlier. According to a report (https://bdreports24.com/private-investment-dips-multi-year-low)  published in this news portal on Friday, this stark increase, largely driven by reduced private sector borrowing, signals a deep-rooted economic uncertainty that could have long-term ramifications.

Small loans boost Agent Banking growth in Bangladesh

Loan disbursements through agent banking saw a significant increase of 55.95 per cent year-on-year (Y-o-Y), reaching Taka 24,028.31 crore by the end of December 2024, driven by improved access to finance for rural populations, according to data from Bangladesh Bank (BB).

In December of the previous year, loan disbursements amounted to Taka 15,407.33 crore.
As of December 2024, a total of 31 banks provided agent banking services through 21,248 outlets o...

Private investment dips multi-year low

The political instability over the past year has significantly reduced private sector investment in Bangladesh, leading to a year-on-year increase of Tk51,696 crore in banks’ excess liquid assets. According to data from Bangladesh Bank, the total excess liquid assets in the banking sector—including securities—stood at Tk2.15 lakh crore at the end of December 2024, compared to Tk1.63 lakh crore a year earlier. While excess liquid assets rose, excess cash holdings in banks declined by Tk2,291 crore, standing at Tk17,675 crore at the ...

Islami Bank Rangpur Zone holds agent banking confce

Rangpur Zone of Islami Bank Bangladesh PLC organized Agent Banking Business Development Conference and Workshop on the Prevention of Money Laundering & Terrorist Financing on Monday, February 18, 2025 at a community center in Rangpur. Md. Abdul Jalil, independent director of the bank graced the program as the chief guest. Dr. M. Kamal Uddin Jasim, deputy managing director & ASM Rezaul Karim, senior executive vice president of the bank, addressed as special guests.  A. K...

Shahjalal Islami Bank Ltd. organized Ifter Mehfil and Discussed on “the Significance of Mahe Ramadan” in Sylhet

Shahjalal Islami Bank Limited organized Ifter Mehfil and discussed “the Significance of Mahe Ramadan” on 15th April 2022 at the Amanullah Convention Centre, Sylhet. The Managing Director & CEO of the Bank Mr M. Shahidul Islam was present as Chief Guest on the occasion while the Additional Managing Director & CBO Mr Abdul Aziz presided over the ceremony. The Alternative Director of the Bank Mr Mohammad Masud was present as a Special Invitation guest on the occasion. The Head of Public Relations Division & Bank Foundation Mr Md. Shamsud
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