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Bank deposits recorded their highest growth in four years in December 2025 as strong remittance inflows and higher interest rates boosted savings.
Deposits grew 11.10% in December, marking the highest rate in 50 months, according to data from Bangladesh Bank.
Total deposits rose to more than Tk19.73 lakh crore at the end of December 2025, up from Tk17.76 lakh crore a year earlier.
Managing directors of several banks said robust remittance inflows drove deposit growth despite high inflation, rising unemployment, lower-than-expected export earnings and sluggish private sector credit expansion.
Syed Mahbubur Rahman, managing director and chief executive officer of Mutual Trust Bank, said increased remittances pushed up deposits even though incomes did not rise significantly.
Sohel RK Hussain, managing director of Bank Asia, said people continue to view banks as a safe investment option. He said remittances sent through formal banking channels convert into taka and add directly to deposit volumes. Higher deposit interest rates also encouraged savers to keep funds in banks.
Bangladesh Bank data showed remittance inflows reached $3.22 billion in December 2025, the third highest monthly figure in the country’s history, up from $2.64 billion in December 2024. Remittance flows through banking channels increased after the 2024 political transition.
A senior central bank official said Bangladesh Bank withdrew the 9-6 interest rate policy in mid-2024. Since then, banks have raised both deposit and lending rates.
Under the previous policy, depositors received lower returns on savings. Banks now offer between 9% and 9.5% interest on deposits, which remains above the inflation rate. At the same time, yields on treasury bills and bonds have declined, prompting individuals and institutions to shift funds to banks.
In September 2021, deposit growth stood at 11.26%. The rate declined steadily afterwards and remained in single digits for 17 consecutive months before returning to double digits in August 2025.
