Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Bangladesh
BGDFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
930,765,641,260.36
Year-over-Year Change
188.11%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the outstanding loans at deposit-taking institutions in Bangladesh, excluding commercial banks. It provides insights into the broader use of financial services and access to credit in the Bangladeshi economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Bangladesh metric tracks the total value of loans made by non-bank deposit-taking institutions, such as microfinance organizations and credit cooperatives. This data point is a key indicator of financial inclusion and the health of the Bangladeshi financial system outside the traditional banking sector.
Methodology
The data is collected through surveys of non-bank deposit-taking institutions in Bangladesh.
Historical Context
Policymakers and analysts use this metric to evaluate financial access and monitor the development of alternative credit channels.
Key Facts
- Bangladesh has a large microfinance sector.
- Loan access is crucial for small businesses and the unbanked.
- Outstanding loans at non-bank deposit takers totaled $X in the latest period.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by deposit-taking institutions in Bangladesh, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the health of alternative credit channels in the Bangladeshi economy, which is important for understanding broader economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-bank deposit-taking institutions in Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial access and monitor the development of alternative credit sources outside the traditional banking sector.
Q: Are there update delays or limitations?
A: There may be lags in data reporting from non-bank institutions, and the coverage of institutions surveyed could change over time.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Bangladesh (BGDFCSODDXDC), retrieved from FRED.