Dhaka, Bangladesh (BBN)– Eight commercial banks raised interest rates on deposits in September this year while interest rates on lending remained almost unchanged in the country’s banking sector, officials said.
“More banks may increase the interest rates on deposits slightly in the near future to meet growing demand for their fresh funds,” a senior official of a leading private commercial bank said on Saturday without elaborating.
The country’s commercial banks now offer interest rates upto 10.03 percent on fixed deposits, while the rates for savings accounts at 8.50 percent, according to the central bank statistics.
Currently, the banks provide loans to large and medium-scale industries at interest rates ranging between 11 percent and 13 percent and to small industries at rates between 10 per cent and 18 percent.
Interest rates on housing loans range between 9.99 percent and 13.00per cent and on consumer credits between 11.50 percent and 19.50 percent.
The banks’ lending rates on working capital to large and medium scale industries vary between 10 percent and 13 percent and for small industries between 11.50 percent and 16.75 percent.
BBN/SSR/SI-02Oct10-11:55 pm (BST)
