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Private sector credit growth in Bangladesh slows amid economic challenges

Md Abdul Mannan

Bangladesh's private sector credit growth has seen a significant decline, with the Bangladesh Bank setting the target for the July-December 2024 period at 9.8%, down from 10% in the previous half-year. This adjustment reflects broader economic efforts to tackle persistent inflation and stabilize the financial system amid multiple domestic and international challenges.In July 2023, private ...

PCA framework for banking sectors reforms a right initiative

Md Abdul Mannan

The Prompt Corrective Action (PCA) framework is adapted by Bangladesh Bank (BB) with the objective of enabling regulatory/supervisory intervention at an appropriate time to address the problems of financially weak & mismanaged banks. As per BBs latest directives, under the PCA framework weak bank and its board of directors has to carry out prescribed corrective ...

BB’s roadmap for loan recovery promising

Md Abdul Mannan

The Bangladesh Banks recent roadmap on bringing discipline in the banking sector appears to be silver line in dark cloud for commercial banks. The central bank suggests write-off defaulted loans, suggests few measures to step up banks chief executive officers involvement, engaging asset management companies, separating interest income on stressed assets, compulsion of valuation of ...

Default loans put our banking sector at jeopardy

Md Abdul Mannan

The resilience of any nations economy is intricately linked to the health of its banking sector, serving as the lifeblood that fuels growth and development. In the case of Bangladesh, however, the banking sector finds itself navigating a formidable array of challenges, with the most formidable being the relentless battle against default loans.The banking sector ...

Editor : Iqbal Sobhan Chowdhury

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