The number of bank accounts holding over Tk 10 million has increased by 4,954 in three months, indicating renewed confidence in Bangladesh’s banking system, according to the latest Bangladesh Bank report.
Experts suggest that money previously kept outside the formal banking sector is returning, leading to a rise in deposits and an increase in high-value accounts.
As of December 2024, there were 1,22,081 accounts with balances exceeding Tk 10 million, up from 1,17,127 in September. The banking sector’s total deposit balance reached Tk 18,837.11 billion across 163.2 million accounts. This marks an increase of Tk 456.28 billion in deposits over three months.
In September 2024, the total number of accounts stood at 162 million, with deposits amounting to Tk 18,250.33 billion. The latest data shows an additional 12,19,277 accounts were opened in the banking sector during this period.
The trend follows a period of uncertainty, with economic challenges affecting public trust in financial institutions. Analysts believe the rising deposit figures signal growing stability in the banking sector.
This shift also builds on earlier trends, as the June 2024 quarter recorded 1,18,784 accounts with deposits above Tk 10 million. The consistent increase suggests that affluent individuals and institutions are once again placing greater trust in banks for their financial holdings.
