Bank deposits jump 1.55pc in Q3

The central bank said the total deposits in the banking industry surged by 1.55 per cent to Tk 17.13 trillion at the end of September this year compared to the preceding quarter.
This rise, as detailed in the Bangladesh Bank's quarterly report for July-September 2023, was driven by gains in both urban and rural deposits.
Of the total Tk 17.13 trillion deposits, state-owned banks held 25.32 per cent, specialised banks 2.76 per cent, foreign banks 4.83 per cent and private banks (including Islamic banks) 67.09 per cent. Islamic banks accounted for 21.6 per cent.
Looking at deposit types, the report mentioned an upward trend in fixed deposits, which increased from 43.07 per cent to 44.25 per cent in the third quarter compared to the previous period.
The report also shows the significant gap in deposit ownership between the private and public sectors.
Private sector deposits, at 82.63 per cent, were more than four times higher than public sector deposits at 17.37 per cent as of September 2023.

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