In the first quarter of 2024, the number of bank accounts in Bangladesh holding at least Tk1 crore decreased by 1,018, with deposits in these accounts dropping by Tk1,316 crore to Tk740,150 crore. High inflation, which has remained above 9% for over two years, and the dollar crisis have increased production costs, leading businesses to reduce their deposits. The ongoing decline in import-export activities and rising loan interest rates, now as high as 15%, have also contributed to this trend. Despite banks offering near-decade-high interest rates on deposits, customer deposit growth has slowed significantly. As of March 2024, the number of millionaire account holders stood at 115,890, with corporate institutions holding most of these accounts. The overall number of bank accounts in Bangladesh reached 15.35 crore, with total deposits amounting to Tk17.49 lakh crore.
Source for more details:
