Bangladesh, Sept. 17 -- Formal credit growth for private sector stayed almost stagnated in indication that fund demand and concomitant bank lending have yet to pick up despite government stimulus for revamping economic activity.

Advertisement According to latest statistics, the private-sector credit growth hit a historic low at 4.47 per cent in June and then edged up to 4.62 per cent by end of July last.

The growth had remained pegged below 5.0 per cent for consecutive five months as 4.72 per cent, 4.75 per cent and 4.98 per cent were recorded in March, April and May respectively.

The private credit growth stayed weak belying a number of financial and fiscal measures taken up by Bangladesh Bank (BB), including a Tk 600-billion stimulu...