Nine banks were in ‘red zone’, says BB financial health report

The Bangladesh Bank put nine banks, four state-owned banks among them, in the red zone in terms of their financial health in the June 2023 edition of "Banks Health Index (BHI) and HEAT Map."

The nine banks, the financial health of which was stated to be fragile, were Bangladesh Commerce Bank, Padma Bank, BASIC Bank, National Bank of Pakistan, National Bank, Janata Bank, Agrani Bank, Rupali Bank and AB Bank.

According to the report, 16 banks were in the green zone with good financial health and 29 banks were in the yellow zone with their financial health staying between good and fragile.