Dhaka, Bangladesh (BBN) – The market share of state-owned commercial banks (SCBs) squeezed slightly while private banks managed to increase shares in 2009, Bangladesh the central bank has said.
“In 2009, SCBs held 28.6 percent of total industry assets as against 31.1 percent in 2008. PCBs’ share rose to 57.4 percent in 2009 as against 54.2 percent in 2008,” the Bangladesh Bank (BB) said in its annual report for fiscal year 2009-2010, released Wednesday last.
Foreign commercial banks (FCBs) held 7.4 per cent of the industry assets in 2009, showing a declining trend over the previous year.
Shares of assets held by foreign banks came down to 7.4 per cent in 2009 from 8.0 per cent of the previous year, according to the report.
However, shares of assets of the government-owned development finance institutions (DFIs) were 6.6 per cent in 2009 against 6.7 per cent in 2008.
Total deposits of the banks rose to BDT 3037.6 billion in 2009, from BDT 2561.4 billion in 2008 showing an overall increase by 18.6 per cent.
Four SCBs’ share in deposits decreased by 1.0 percent point to 28.6 per cent in 2009 from 29.6 per cent of the previous calendar year, the BB data showed.
On the other hand, 30 PCBs’ deposits in 2009 amounted to BDT 1792.4 billion or 59.0 per cent of the total industry deposit against BDT 1450.7 billion or 56.6 percent in 2008.
Nine FCBs’ deposits in 2009 rose only by BDT 0.9 billion over the year.
In 2009, the four DFIs’ deposits were BDT 161.1 billion against BDT 137.8 billion in 2008 showing an increase of 16.9 percent over the year.
Currently, a total of 47 banks with 7246 branches are operating their business across the country.
BBN/SI/AD-29Jan11-4:10 pm (BST)
