Moderator VFD
Prominent businessman Abdul Awal Mintoo revealed that the Governor of Bangladesh Bank, Abdur Rouf Talukder, has assured a prompt resolution to the ongoing liquidity crisis affecting private commercial banks. This assurance was given during a meeting on September 26, where Mintoo addressed the pressing challenges facing the banking sector.
Mintoo, who previously served as the president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and is currently the chairman of National Bank Limited (NBL), emphasized the critical need for liquidity support from the central bank. He stated, “The banking sector is facing various issues. We have discussed these matters with the Governor of the central bank and requested cooperation. The Governor has assured us of all possible support to help banks operate effectively.”
Highlighting the adverse effects of the current economic situation on banking operations, Mintoo remarked, “Our business community urgently needs solutions. If the central bank takes effective measures, the operations of banks will be organized.”
When asked about the specific challenges faced by banks, Mintoo acknowledged that many institutions, including NBL, are grappling with non-performing loans and cash flow problems. He noted, “Other banks are also encountering similar issues; NBL is facing the same problems. As a result, businesses are under significant pressure.”
Mintoo underscored the necessity for coherent policies to ensure proper management within the banking sector and stressed the importance of support from the central bank. He expressed a willingness to continue discussions with the central bank to foster improvements in the banking system, emphasizing the need for swift action to alleviate the pressures facing businesses in Bangladesh.
Published On: AM | News Portal: Bangla Outlook| Source: Link
