Finance
Bangladesh Bank Bangladesh Bank's profit increases by 82%
Dhaka, August 23: The hike in the price of the dollar and the rise in government debt has also increased the profit of Bangladesh Bank. In the recently concluded fiscal year 2022-2023, Bangladesh Bank has made a net profit of Tk 10,748 crore. Of this, Tk 10,652 crore has been deposited in the government treasury. The Board of Directors of Bangladesh Bank has approved this account on Tuesday.
According to the report of Bangladesh Bank, the central bank made a net profit of Tk 5,899 crore in the financial year 2021-2022. And in the financial year 2022-23, the profit was Tk 10,748 crore. That is, the income of Bangladesh Bank has increased by Tk 4,849 crores in one year. As a percentage, its amount is 82.20 percent.
Earlier, Bangladesh Bank earned Tk 6,029 crore in the financial year 2020-21. Bangladesh Bank earned Tk 7,000 crore by lending to the government in 2022-23 financial year. Besides, the income from selling dollars is Tk 6,000 crore. Besides, the central bank has earned another Tk 2,000 crore by lending to commercial banks. All together, the financial year has made a profit of Tk 15,000 crore. Of this, Bangladesh Bank has spent Tk 4,252 crores. According to that, the net profit is Tk 10,748 crores.
In the financial year 2022-23, Bangladesh Bank sold 13.58 billion dollars from the reserve. Earlier it had sold a maximum of USD 7.62 billion in the fiscal year 2021-22. On the other hand, in the financial year 2022-23, the government has taken a record loan of Tk 1 lakh 22 thousand 980 crore from the banking system. Its entire share is taken from the central bank. In the previous financial year, the government had taken a loan of Tk 97,648 crore. Bangladesh Bank earns more from these two sectors.
The company had sought the withdrawal of the non-banking financial institution license granted to Nagad Finance Plc as a subsidiary of Nagad Limited, a mobile financial service provider (MFS). It was adopted in Tuesday's board meeting.
