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Bangladesh Bank has earned Tk 151 billion net profit in the just-concluded fiscal year 2023-24 (FY24), according to media reports citing the central bank’s financial statement.
The central bank made the profit excluding operating expenses from its record gross profit of Tk 400 billion in FY24.
The Bangladesh Bank board, presided over by Governor Ahsan H Mansur, approved the financial statement for the FY24 on Wednesday.
The largest income source of the lender was short-term loans, given to various banks against repo and special repo.
The central bank gave a total of Tk 32.21 trillion in loans to the government in FY24, which is more than the total loans disbursed in the last seven years.
On the other hand, interest rates were also higher than at any time in recent times.
Besides, the central bank has also earned a lot of money by selling foreign currency.