Monday, February 18, 2019

Bangladesh Bank approves 3 more pvt banks

Bangladesh Bank has affirmed licenses of three additional banks when the nation's managing an account area is reeling under blunder.

The licensees are-Bengal Bank, People's Bank and Citizen Bank.

The choice for endorsement of the licenses of the three banks came at an executive gathering held yesterday at national bank base camp in Motijheel, Dhaka.

The new banks will take the all out number of banks at 60.

Prior in 2013, the national bank offered licenses to nine banks. A large number of the supporters of the fourth-age banks had direct connections either with the Awami League or its partners.

The strength of the nine new banks additionally weakened as of late. Of those, Farmers Bank and NRB Commercial Bank are in a terrible shape without corporate administration.

The heaped up non-performing credit reflected crumbling of keeping money division wellbeing raising worry among every related specialist.

The all out non-performing credit remained at Tk 99,370 crore toward the finish of September a year ago which was 11.45 percent of absolute exceptional advances, as per Bangladesh Bank information.

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