Significant borrowing by the government and investment from the forex reserves have boosted Bangladesh Bank’s earnings in FY23 by 148% year on year to more than Tk15,000 crore, the highest in its history.
The central bank’s net profit last fiscal year also increased by 239% to around Tk10,750 crore -- also a record.
The national bank will submit almost all the profit to the state exchequer, its spokesman Mezbaul Haque has said, citing its financial report approved by the board.
The previous highest earnings of the central bank were Tk8,600 crore in FY20.
The government borrowed Tk124,000 crore from the banking sector last fiscal year, including over Tk97,600 crore from the Bangladesh Bank.
It paid the central bank Tk7,000 crore in interest.
The Bangladesh Bank earned Tk2,000 crore as interest from loans taken by the commercial banks.
From investments made from the reserves, the earnings were Tk6,000 crore.
