Bangladesh Bank's record profit in outgoing financial year

The continued appreciation of the dollar against the rupee and the increase in interest rates made the central bank record profits.

The central bank made a profit of about 40 thousand crore rupees in the outgoing 2023-24 financial year. But the net profit was about 15 thousand crores. Which is about four and a half thousand crore taka or 40 percent more than the previous financial year. In the financial year 2022-23, the net profit was Tk 10 thousand 748 crores.

An incentive bonus equal to 5 and a half times the basic has been announced for the officers from the net profit.

Besides, about 20 crore rupees have been deposited in the Chief Adviser's relief fund. Apart from this, the board of directors of the central bank has approved to deposit more than 15 thousand crore rupees from the profit to the government treasury.

Yesterday, Wednesday, the governor of Bangladesh Bank. This decision was taken in the 436th meeting of the Board of Directors of Bangladesh Bank held under the chairmanship of Ahsan Ain Mansoor. At this time, the deputy governor. Habibur Rahman, Nurun Nahar, member of monetary policy committee. Ejazul Islam and related officials were present.

According to sources, the appointment of the new governor, agricultural credit, macroeconomic turmoil, banking liquidity, government policies and inflation were discussed in the meeting.

The directors of the organization were present in the meeting held under the chairmanship of Governor Ahsan H Manusar in the meeting room of the central bank. In the meeting, it was decided to give a dividend equal to five and a half months basic salary to the Central Bank officials.

It is reported that Bangladesh Bank has lent a total of Tk 32 lakh 21 thousand crores to commercial banks in the last financial year, which has exceeded the total amount of loans given in the previous seven years. Apart from this, the entire financial year has sold 1 thousand 279 million dollars from the foreign exchange reserves to the banks.

The executive director and spokesperson of Bangladesh Bank said about the highest profit in history. Majbaul Haque said, 'All the income shown in the financial report is not the actual profit. The income of Bangladesh Bank has increased due to the increase in dollar exchange rate and sale of dollars from reserves. Governments own 100% of the central banks of almost all countries of the world. Because of this, the profit earned by Bangladesh Bank is also deposited in the government treasury.

Bangladesh /SBT