54 Bangladesh banks identified as weak by BB, with 12 critical; aims to merge 10 by 2025 to reduce default loans and improve governance.
Bangladesh Bank (BB) has identified over two-thirds of its banks as weak to very weak, with only a few in stable "Green Zone". Out of 54 banks, 12 are critical. The central bank aims to merge 10 banks by January 2025, with the intention to reduce default loans and ensure corporate governance in the banking sector. An internal report identified 38 banks, including six state-owned banks, as weak lenders.
March 12, 2024
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