The credit flow growth to the private sector had dropped to the lowest level - 8.61 percent - in June, the last month of the previous fiscal year. In the 2017-18 fiscal year, the registered credit flow grew by 16.94 percent and in the following financial year it saw a 11.32 percent growth. The Bangladesh Bank had set the target for private sector credits in 2019-20 at 14.8 percent in the monetary policy. Although the target credit flow rate in the private sector is lower than that of the government sector, the projected loan amount of the private sector is much higher than the government. The growth of credit flow has been dropping since then despite central bank moves to keep the growth on an upbeat note.

Source: bd News24 August 29, 2020 18:11 UTC