Banking sector in Bangladesh is undergoing a challenging phase due to a liquidity shortage, following a massive capital outflow that resulted in a stock market crash early last year and restricted the banking sector’s ability to finance large projects, according to a report of gulfnews.com, a web portal. Some 77 banks and financial institutions serve ... Read more
private bank
Banks’ profits beat expectations
Most private banks clocked up significant growth in profit in the six months to June despite a fall in contributions from the stockmarket although they claimed a liquidity crisis over the period. Data from 23 private commercial banks shows that 16 of them logged profit growth ranging between 8 percent and 125 percent. Thirty private ... Read more