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Only 8 local banks in good shape: Bangladesh Bank report
Only eight local banks are in good condition, according a Bangladesh Bank report. The BB’s financial stability department has recently prepared banks’ health index and...
www.newagebd.net
Only 8 local banks in good shape: Bangladesh Bank report
Staff Correspondent 11 March, 2024, 00:38
A file photo shows the Bangladesh Bank headquarters in the capital Dhaka. — New Age photo
Only eight local banks are in good condition, according a Bangladesh Bank report.
The BB's financial stability department has recently prepared banks' health index and HEAT map on the basis of June 2023 ending half-yearly financial performance.
According to the BB report, 16 banks, including eight local and eight foreign banks, are in good condition.
These banks are Prime Bank, Eastern Bank, NCC Bank, Midland Bank, Bank Asia, Shimanto Bank, Jamuna Bank, Shahjalal Islami Bank, Bank Alfalah, Woori Bank, HSBC, Commercial Bank of Ceylon, City Bank NA, Habib Bank, Standard Chartered Bank and State Bank of India.
The BB report said 16 banks were in the green zone, meaning their financial health was good, whereas 29 banks were in the yellow zone, meaning their health was something in between good and fragile.
Nine banks, including four state-run ones, were in the red zone, meaning their financial health was fragile.
The nine banks are Bangladesh Commerce Bank, Padma Bank, BASIC Bank, National Bank of Pakistan, National Bank, Janata Bank, Agrani Bank, Rupali Bank and AB Bank.
The yellow zone contains two state-owned commercial banks, Bangladesh Development Bank and Sonali Bank, 19 conventional private commercial banks and eight Shariah-based islamic Banks.
To read the rest of the news, please click on the link above.
Staff Correspondent 11 March, 2024, 00:38
A file photo shows the Bangladesh Bank headquarters in the capital Dhaka. — New Age photo
Only eight local banks are in good condition, according a Bangladesh Bank report.
The BB's financial stability department has recently prepared banks' health index and HEAT map on the basis of June 2023 ending half-yearly financial performance.
According to the BB report, 16 banks, including eight local and eight foreign banks, are in good condition.
These banks are Prime Bank, Eastern Bank, NCC Bank, Midland Bank, Bank Asia, Shimanto Bank, Jamuna Bank, Shahjalal Islami Bank, Bank Alfalah, Woori Bank, HSBC, Commercial Bank of Ceylon, City Bank NA, Habib Bank, Standard Chartered Bank and State Bank of India.
The BB report said 16 banks were in the green zone, meaning their financial health was good, whereas 29 banks were in the yellow zone, meaning their health was something in between good and fragile.
Nine banks, including four state-run ones, were in the red zone, meaning their financial health was fragile.
The nine banks are Bangladesh Commerce Bank, Padma Bank, BASIC Bank, National Bank of Pakistan, National Bank, Janata Bank, Agrani Bank, Rupali Bank and AB Bank.
The yellow zone contains two state-owned commercial banks, Bangladesh Development Bank and Sonali Bank, 19 conventional private commercial banks and eight Shariah-based islamic Banks.
To read the rest of the news, please click on the link above.