BB support to enhance base as per Basel II
The government has disbursed about Tk 11.39 billion to three state-owned commercial banks to enhance their capital base as per the Basel II requirement.
Bangladesh Bank Governor Dr Atiur Rahman reaffirmed a global forum of high growth prospect of Bangladesh, driven mainly by bouncing agriculture output, robust export growth and steady service sector.
The government has planned to form a taskforce to settle disputes in external trade and expedite repatriation of billions of dollars of export earnings in an effort to bolster the country's shaky balance of payments.
State-owned banks could recover only 2.31 percent loan of their target from top 20 defaulters in the first quarter this year, while the recovery rate was 22 percent from other defaulters.
Bangladesh Bank has redefined small and medium enterprises in line with the Industrial Policy 2010 and brought two new entities micro and cottage industries under its SME credit policy and programmes.
Reducing govt's dependency on bank borrowing aimed at
The central bank has suggested the government to reduce dependency on bank borrowing by speeding up the implementation of donor-funded projects, sources said.
An intelligence report has identified large-scale money siphoning, lack of Ad Confirmation in repatriating export earnings, trade deficit and lower amount of foreign aid as some of the major reasons for devaluation of Bangladesh currency against US dollar.
Bangladesh Bank Governor Dr Atiur Rahman Sunday said the central bank has taken up mobile-banking project to make government’s financial transactions easy.
Bangladesh Bank welcomed the private commercial banks' decision to set uniform deposit rate at 12 per cent, saying it will bring down lending rate and boost industrial growth.
Two representative associations of private commercial banks (PCBs) have decided to follow a uniform policy on deposit rate, indicating a maximum rate of interest at 12 per cent on deposits.
