BB officials see rise temporary
Credit growth in the private sector increased slightly in July, the first month of the current fiscal year, after 12 months due to a higher import of food products in the period, said officials of the Bangladesh Bank. According to the latest BB data, credit growth in the private sector increased by 11.61 per cent in July compared with that of 20.26 per cent in the corresponding month of 2012.
The year-on-year credit growth was 11.04 per cent in June, 11.43 per cent in May, 12.68 per cent in April, 12.72 per cent in March, 13.96 per cent in February, 14.83 per cent in January, 16.55 per cent in December, 17.41 per cent in November, 18.38 per cent in October, 19.88 per cent in September, 19.93 per cent in August, 20.26 per cent in July, and 19.72 per cent in June, 2012.
A BB official told New Age on Thursday that the increased credit growth in July was a temporary phenomenon as the business people had imported a large amount of food products in the period considering the political unrest ahead of the national election.
-With New Age input
