Number of crore-taka bank accounts rises by 734 in Jul-Sep; deposits drop by Tk59,210cr

The number of bank accounts holding deposits of over Tk1 crore continued to increase in Bangladesh between July and September, even as the total volume of deposits in these accounts declined sharply, according to the latest data from Bangladesh Bank.

During the July-September quarter, 734 new crore-taka accounts were added, bringing the total to 1,28,070 at the end of September, up from 1,27,336 recorded at the end of the June quarter.

Despite the rise in account numbers, deposits in these high-value accounts fell significantly. At the end of June, crore-taka accounts held Tk8,80,772 crore, which dropped to Tk8,21,562 crore by the end of September – marking a reduction of Tk59,210 crore in three months.

The overall number of bank accounts in the country also increased during this period. Total accounts rose from 16.90 crore at the end of June to 17.45 crore at the end of September, reflecting an addition of 55.94 lakh accounts.

The growth in crore-taka accounts has been steady throughout the year. Between April and June, the number rose from 1,21,362 to 1,27,336 – an increase of 5,974 accounts.

Bangladesh Bank officials noted that crore-taka accounts do not necessarily indicate individual crore-owning customers.

Many such accounts belong to institutions, government agencies, or multiple accounts operated by the same person or organisation.

According to Bangladesh Bureau of Statistics (BBS) data, the number of crore-taka accounts stood at 1,16,908 in December 2023, increasing to 1,21,362 in December 2024.

By the September quarter of this fiscal year, the figure reached 1,28,070.