The difficult operating conditions for Bangladesh's banking and financial services industry have not improved since ourlast quarterly update. All four markets we track - namely banking, insurance, asset management and stock exchanges - remainunderdeveloped and facing downside risk. In the banking sector, asset quality in particular remains a key concern, with NPL ratios,which are among the highest globally, set to serve as a persistent drain on public finances. Conditions are only set to worsen overthe long-term too. The insurance market remains small but with plenty of upside due to base effects and with a strengtheningdemand for non-life products which will see the sub-sector gain an increasing share of gross premiums across our forecast period -albeit not to a point where non-life premiums overtake those of life premiums by 2028.
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