Page 21 - IBT Sept 2021 (1)

SNIPPETS

Tk 200m rawhide sold
in Chattogram by

leather traders

Owners of leather storages or godowns in the port city sold
rawhides worth around Tk 200 million (Tk 20 crore) during
Eid-ul-Adha, reports The Financial Express. There are a total of 112
wholesale leather traders or rawhide hoarders in Chattogram city,
who own rawhide depots or storages at Anturar Depot in Muradpur
area. The traders collected more than 0.3 million pieces of rawhide
of sacrificial animals from the city and other parts of Chattogram
district during the Eid-ul-Azha. Of those, over 150,000 pieces were
collected from the southeastern divisional city and its outskirts
while the remaining from different upazilas and rural areas of the
district. Of the rawhides, 276,050 pieces are skins of cows and
buffaloes and 25,200 pieces are skins of goats and sheep.

NPLs surge

despite policy
backup

Classified loans in the banking sector went
ballooning in the first half (H1) of the current
calendar year despite policy perks coming from the
central bank to stem the rot. The volume of
non-performing loans (NPLs) grew nearly 12 per cent
or Tk 104.71 billion to Tk 992.05 billion as on June
30 from Tk 887.34 billion six months before,
according Bangladesh Bank (BB) latest statistics,
mentions a report in The Financial Express.
According to the report, BB officials claimed the
amount of NPLs increased slightly in the second 4.0 per cent or Tk 41.20 billion to Tk 992.05 billion as on June 30
quarter (Q2) compared to the first quarter (Q1) of from Tk 950.85 billion three months before, the BB data showed.
this year because of 'soft repayment policy' along A portion of restructured large loans has already turned NPL that
with less rescheduling during the period under also pushed up the overall volume of classified loans in the
review. The volume of NPLs increased by more than banking system.

Scope for Nordic
investment in

Bangladesh

Stakeholders at a virtual discussion urged the Nordic
investors to take advantage of an improved business
climate in Bangladesh, highlighting the reforms
initiated by the government in recent times, reports
The Financial Express. The discussion was organised
to mark the launching of the “Bangladesh Investor
Booklet 2021” on 29 August 2021. The Nordic
Chamber of Commerce and Industry (NCCI) in
Bangladesh, in cooperation with the Royal Norwegian
Embassy, the Embassy of Denmark and the Embassy
of Sweden organised the programme, states the report.
Describing Bangladesh as an attractive destination for
Nordic investment, speakers also urged the Nordic
investors to make investments in Bangladesh.

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