Dhaka, Aug. 21 -- The non-bank financial institutions (NBFIs) are confronting one of their most challenging periods in recent memory. This newspaper reported on Tuesday that rising losses, surging non-performing loans, and dwindling public confidence are threatening the sector's stability, underscoring the urgent need for structural reform.
Of the 35 licensed NBFIs, 23 are listed on the stock market.
Half-yearly financial statements from 16 institutions reveal a stark divide: ten reported combined losses of Tk 1,790 crore-a 17 per cent increase from last year-while six recorded profits of Tk 1,780 crore, barely offsetting the overall deficit.
Phoenix Finance and Investments Limited posted the heaviest loss at Tk 4,680 crore, followed by ...