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10 weak banks identified: Gov

Online Reporter/

The central bank has identified 10 weak banks based on high non-performing loans, capital shortfall, loan-deposit ratio and provisioning.

The new governor Abdur Rauf Talukdar said these things in ‘meet the press’ at the Jahangir Alam conference room of the Central Bank on Thursday (August 4). However, he did not mention the names of the banks.

According to the report of the central bank, the master circular regarding debt rescheduling and restructuring has been issued to ensure transparency and accountability regarding the implementation of bank decisions in debt management. According to the conditions mentioned in this circular, the banks will be able to take decisions on the above matters themselves, which was done in a very opaque and uneven manner earlier.

In order to identify relatively weak banks in the banking system, 10 weak banks have been identified based on four variables, namely, level of classified loans, capital adequacy, loan-deposit ratio and amount of provisioning. Bangladesh Bank is starting discussion process on one-to-one basis with the identified weak banks to solve their problems. In this case, the banks will provide a 3-year business plan, the progress of which will be monitored by a senior official of Bangladesh Bank.

The governor said, I do not want to name the weak banks. However, the name is already appearing in the newspapers. Our aim is to improve banks and make them financially strong.

After the new governor took office, the new governor is the second time in the face of the journalists. Deputy Governor Ahmed Jamal, Kazi Chaidur Rahman, Abu Farah Md. were present at this time. Nascher, AKM Sajedur Rahman Khan, BFIU head Masud Biswas, executive director and chief economist Habibur Rahman, executive director and spokesperson Md. Senior officials including Sirajul Islam and Assistant Spokesperson GM Abul Kalam Azad.

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