Banks Report Dismal Credit Growth

Bangladesh banking industry is going through a tough time. After reduction in interest rates for both loans and deposits and after dismal report of state owned banks, now comes the negative year on year credit growth report of seven banks out of 56 banks. Among seven banks, two are local: Prime Bank and BASIC Bank and remaining entries come from multinational banks that include Bank of Ceylon, Citibank, HSBC, National Bank of Pakistan and State Bank of India.

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