An Industry which has started with 6 Banks only and now reached to 58 and still growing
The banking industry of Bangladesh comprises 58 scheduled and 5 non-scheduled banks. The industry share in the total GDP of Bangladesh is 2.98% with a growth rate of 8.51% during FY 2017-18. The long-term prospects of the industry are encouraging. Successful operation over the years since privatisation of the banks during 1981 flashes the sign of healthy growth of the industry. Recently, however, the industry bagged several widely-talked controversies including: rising NPL, politicisation, several big scams along with some regulatory changes. BB recently lowered advance-deposit ratio (ADR) to 83.50 from previously 85% to curb lending capacity. BB also lowered cash reserve ratio to 5.5% to inject more cash in the market which has improved liquidity conditions to some extents. Recently, BB also directed commercial banks to implement 9% and 6% loan and deposit rates, respectively. The most recent development in the industry is that Probashi Kallyan Bank (PKB) entered the list of scheduled banks on July 30, 2018.

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