In spite of persistent economic challenges and inflation, the count of bank accounts in Bangladesh with deposits exceeding Tk 1 crore continued to increase, reaching 1,13,554 by June 2023. This represents an increase of 3,362 accounts compared to March 2023 and 1,09,946 accounts at the end of December 2022. Out of a total of 14.59 crore bank accounts nationwide, over 10 crore accounts hold less than Tk 5,000 each.
Accounts with deposits exceeding Tk 1 crore make up less than 1 percent of the total bank accounts but account for 43.35 percent of the aggregate deposits, totaling Tk 7.31 lakh crore. In contrast, deposits from lower-income individuals have remained stagnant due to inflationary pressures. Experts attribute the growth in high-value accounts to limited investment opportunities amid economic challenges, leading wealthy individuals to park their capital in bank accounts. Bangladesh has been grappling with inflation, mounting external debts, a dollar crisis, dwindling foreign reserves, a widening trade deficit, and energy shortages.
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