Bangladesh’s banking sector experienced a nearly 5% decline in total financial transactions during the first eight months of FY 2024–25, amounting to a Tk 1.76 trillion reduction compared to the same period last year. Transactions dropped from Tk 36.16 trillion to Tk 34.40 trillion, primarily due to a sharp 19% fall in check payments, a 3.96% drop in card usage, and a 4.63% decline in agent banking activity. In contrast, electronic fund transfers (EFT) and internet banking saw respective increases of 5.47% and 23.44%. Despite continued growth in remittances, exports, and imports, the drop reflects ongoing economic sluggishness, historically low private sector credit growth, and reduced circulation of illicit funds. Real-Time Gross Settlement (RTGS) and mobile financial transactions also declined notably in February 2025, indicating broader stagnation across transaction channels.
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