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Non-performing Loans may Increase as Recovery Remains Slow

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Loans to the vulnerable sectors in Bangladesh such as garment, textile, cement and tanneries will face significant pressure as they are yet to record expected recovery from the shock of the coronavirus pandemic, Moody’s said. “The true asset quality of loans will emerge across all sectors, and we expect significant pressure in loans to vulnerable […]

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Bangladesh’s $8 billion credit risk from the global retailers and brands

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Bangladeshi Ready-Made-Garment (RMG) manufacturers are struggling to survive because of a poor cash flow caused by delays in payments by international retailers and brands despite restoration of some orders, widening the payment default risks only further as increasing number of retailers and brands are filing insolvency proceedings by self-administration or bankruptcy protection. This development is […]

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300,000 loan defaulters in Bangladesh officially

There are more that 300,000 loan defaulters in various banks and financial institutions across Bangladesh, Finance Minister AHM Mustafa Kamal has said. As of October 2020, there were 334,982 loan defaulters across the country, according to the Finance Minister of Bangladesh Mr. AHM Mustafa Kamal in response to a question in the parliament on January 25th, 2021, […]

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Uttara Finance & Investments Ltd BDT 5,100cr scam: UTTARAFIN

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1 crore =10 million & 1 EUR = BDT 102.67 Loan applications to financial institutions in Bangladesh require five layers of scrutiny before being approved, usually. The Uttara Finance and Investment Limited, a non-bank financial institution and publicly traded company in Bangladesh under the Dhaka Stock Exchange (DSE) trading code UTTARAFIN did not followed any of the […]

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Another $25m IFC loan to a Bangladeshi company PRAN

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International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has provided yet another $25 million loan to Pran-RFL Group for expansion of one of it’s concern’s capacity for manufacturing ‘affordable and quality food products’. The six-year loan with a two-year grace period for fruit and vegetable processor Mymensingh Agro is to […]

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EU Trade Preference GSP+ to Bangladesh Conditional

Preferential treatment of Bangladesh’s goods and services in the European Union (EU) market in the future will depend on implementation of 27 core UN conventions on human and labour rights, environmental protection and good governance, according to the EU during a virtual high-level policy meeting with Bangladesh on the 20th October 2020. Bangladesh will no […]

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How prepared are Banks in Bangladesh absorbing COVID19 shock

one crore =10 million one EUR = BDT 101.16 By mid-July three of America’s biggest banks have set aside a combined USD 28bn for current and future loan losses, pushing Wells Fargo to a quarterly loss and hitting profits at JPMorgan Chase and Citigroup as lenders count the cost of the coronavirus crisis, reports the […]

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Banks stressed assets not published in Bangladesh

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1 crore (cr) = 10 million – BDT 96.91 = 1 EUR The central bank of Bangladesh, the Bangladesh Bank (BB) skipped publishing the figure of stressed assets in it’s annual financial stability report first time with a view to painting a rosy picture of the banking sector at a time when lenders are facing […]

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Bangladesh German Bilateral Relations in Brief

Political Germany was one of the first European countries to recognise Bangladesh’s independence from Pakistan, the then German Democratic Republic (East Germany) on January 11 and Federal Republic of Germany (West Germany) on February 4, 1972 establishing diplomatic relations, and is respected as a long-standing and reliable partner, particularly in development co-operation and trade. Germany […]

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Liquidity crunch in the banking sector deepening

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one crore =10 million one EUR = BDT 94.53 Liquidity crunch in the banking sector is deepening due to slow growth of deposits and a lethargic recovery of loans. The majority of the banks are now offering 11-12 percent interest rate to attract deposits and yet they are floundering. The rise in default loans, an erosion […]

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Another $25m IFC loan to a Bangladeshi company PRAN

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International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has provided yet another $25 million loan […]

Korean Export Processing Zone at serious risk

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Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]