Reported by: Jafar Ahmed
Written by: Eshan Maitra
Foreign and native, total of 12 banks are not following the direction to bring the Bank Spread (in between capital collection and loan distribution) below 5%. This is a 2 years’ due instruction, set by Banlgadesh Bank in 2015.
BB recently publishes of several bank-spread reports who are under their current surveillance regarding the issue. Among these banks, AB, IFIC and First Security has bank-spread near 5%. But, Uttara, Dutch-Bangla, Premier, BRAC, New Modhumuti and Union Bank, have above 6% bank-spread.
Also, foreign commercial banks such as, Standard & Chartered, State Bank of India, City, HSBC and Woori Bank, have bank-spread above 5%.