Credit growth in the private sector dropped further in April due mainly to the recent spates of political turmoil, gas and electricity shortage in the industrial units, and high interest rate on banks’ lending, said officials of Bangladesh Bank. According to Bangladesh Bank data released on Thursday,
credit growth
Private sector credit growth nosedives below 13pc
Credit growth in the private sector declined to below 13 per cent in March on year-on-year basis for the first time since the financial year 2009-10 due mainly to recent political unrest, said economists, businessmen and bankers. They said that such low credit growth in the private
Pvt sector credit growth slumps below 14pc
Economists, businessmen say low growth ominous sign for economy The credit growth in the private sector declined to below 14 per cent in February on year-on-year basis for the first time since the financial year 2009-10 due mainly to the recent political unrest, said economists, businessmen and bankers. They said that such low credit growth ... Read more
Banks given June deadline to reduce credit growth
Bangladesh Bank on Sunday asked commercial banks to bring down the credit growth in line with their deposit growth by June. The central bank warned the banks that it would take stern actions against them if they failed to adjust the credit-deposit ratio