Bangladesh Bank Sector 9M of 2019 Earnings Update
As per ‘Global Competitiveness Report 2019’ Bangladesh scored 38.3 out of 100 and ranked 130th out of 141 countries in soundness of banks. This ranking is lowest among the South Asian countries (India scored 60.4 and ranked 89th, Pakistan ranking 93rd, Sri Lanka 94th and Nepal 106th). Weak monitoring, growing default loans, lack of good governance, quality of balance sheets and availability of funds, capacity to repay have deteriorated Bangladesh’s ranking. On the other hand, most of the key indicators witnessed double digit growth (YoY) in 9M of ‘19 which is expected to continue in this year. Banks are now more flexible with ADR limit, no new credit facility for borrowers who took special bailout scheme on loan rescheduling along with probable regulatory reforms by the government for bringing back sustainability in the Banking sector. EBL Securities Limited offers a detailed analysis on the performance of listed banks based on 9M of 2019 earnings.
EBL Securities PLC. (EBLSL) is one of the fastest growing full-service institutional brokerage companies in Bangladesh. On top of our expertise and achievements, we take pride in our strong commitment towards excellent client services and development of the Bangladesh capital markets.
EBLSL is a fully owned subsidiary of Eastern Bank PLC.(EBL), one of the leading private commercial banks of Bangladesh. EBLSL is one of the TOP-10 brokerage companies of Bangladesh.
We have unwavering faith in the potential of Bangladesh. We also believe that an efficient, vibrant and transparent capital market can strongly contribute to the overall development of Bangladesh. Bangladesh is currently at the initial stage of capital market growth, and we are committed to assist the entry of early movers into a growth-oriented, vibrant, nascent emerging market.
EBLSL has developed a disciplined approach towards providing capital market services. The foundation for our business is a strong commitment towards market experience & professionalism, investment knowledge, market intelligence and research services.
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