Bangladeshi banks – The News Times

Bangladeshi banks don’t follow int’l accounting standard: FRC

National

- Times Report - March 20, 2023March 20, 2023

Chairman of the Financial Reporting Council (FRC) Professor Hamid Ullah Bhuiyan has said no bank in the country follows International Accounting Standards or International Financial Reporting Standards (IFRS) in preparing financial statements. Due to this, the actual picture of the financial health of the banks does not come out in the

Effects of provisioning shortfall in Bangladeshi banks

Article

- Mohammad Abdul Karim - March 4, 2023March 5, 2023

The provision shortfall in the banking sector of Bangladesh refers to the difference between the amount of money required to be set aside for bad loans and the actual amount of money set aside by the banks. A provision shortfall refers to a situation where a financial obligation or liability

Digital transformation sweeping across Bangladeshi banks

Article

- Mohammad Abdul Karim - February 26, 2023February 26, 2023

Bangladesh has entered the superhighway of digital transformation with its financial sector gaining momentum in recent years. The banking sector is considered to be the backbone of the financial system in most economies, and it plays a critical role in achieving economic growth and expansion. The development of the banking