Almost all the indicators of state-run Sonali Bank improved now rather than earlier due to disbursement of quality loans, said its managing director and CEO Md Afzal Karim.
Janata Bank has failed to meet any of its performance improvement targets set by the central bank in the first half of the year a worrying development given that the state bank accounts for the second-highest volume of deposits and loans among the 61 scheduled lenders in Bangladesh.
With national elections scheduled for January 7, 2024, the Bangladesh government has implemented measures to address the alarming surge in potato prices.
Deposits of Tk 1,600 crore of four state-run commercial banks Sonali, Rupali, Agrani, and Janata have been stuck in several weak non-bank financial institutions (NBFIs) as the latter have repeatedly failed to repay despite maturity owing to a persisting liquidity crisis.