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Small deposit accounts fall slightly: Study

FE Report | November 09, 2018 00:00:00

The number of small deposit accounts (SDAs) declined to 90.12 per cent in 2018, though the number of such accounts was more than double in last one decade, according to a latest study.

In 2009, the number of SDAs was 35.12 million-- 92.29 per cent of a total number of 38.05 million accounts. The number of SDAs reached 81.33 million out of 90.25 million of total accounts in 2018, it revealed.

Besides, the number of large deposit accounts stood at 89.16 million in 2018 which was 29.32 million in 2009.

The findings were disclosed on Thursday at the fourth session of the two-day annual banking conference organised by Bangladesh Institute of Bank Management (BIBM) at its auditorium in the city.

Faisal Ahmed, chief economist of Bangladesh Bank (BB), chaired the session. Arfan Ali, president and managing director of Bank Asia Limited, Md Mainuddin Chowdhury, additional managing director of Southeast Bank Limited, and Shah Mohammad Ahsan Habib, chairman of the organising committee of the conference, among others, spoke.

The share of small deposit accounts is decreasing as the income level of people is increasing, Birendra Chandra Das, deputy director of BB, said while presenting the findings of the presentation titled 'Does Financial Inclusion Increase Small Bank Deposits, Women Empowerment and Financial Stability in Bangladesh?'


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