In the first six months of this year (January–June), banks’ spending on Corporate Social Responsibility (CSR) has dropped by half. According to data from Bangladesh Bank, during this period, banks spent Tk 1.5 billion (150 crore) on CSR, compared to Tk 3.09 billion (309 crore) in the same period last year — a decrease of Tk 1.59 billion (159 crore) year-on-year.

In contrast, during the July–December period of the previous year, banks spent Tk 3.06 billion (306 crore) in this sector.

A report published today (Wednesday) by Bangladesh Bank noted that CSR spending in sectors such as education, health, environment, and climate has declined significantly.

Bankers believe the decline in net profits last year is the main reason for the reduction in CSR spending. In 2024, 16 banks failed to earn any net profit, which meant they were unable to allocate funds for CSR.

Additionally, out of the 61 banks in the country, 12 banks did not spend a single taka on CSR activities.

Meanwhile, Bangladesh Bank has continued its intervention in the foreign exchange market. Over the past two months, the central bank has purchased USD 1.7 billion worth of foreign currency from the market.