The governor assured to solve the liquidity problem in a short period of time
September 26, 20242 Mins Read

Own Correspondent: The Governor of Bangladesh Bank has assured to solve the liquidity crisis in a short period of time, said National Bank Chairman Abdul Awal Mintu.

On Thursday (September 26) morning, Bangladesh Bank Governor Dr. After a brief meeting with Ahsan H. Mansoor, he told reporters this in the afternoon.

Abdul Awal Mintu said, there are various problems in Bangkok. They have been discussed. We have sought cooperation from the central bank. We presented our problems. They have assured us that they will provide all kinds of assistance so that these banks can run their operations.

When asked how much incentive has been requested to meet the liquidity crisis, he said, we need as much help as we can according to the banking law. Liquidity support is within the rules. If Bangladesh Bank helps, we will solve our problems by December.

When asked by the journalist what problems have been raised with the central bank, he said, a bank has a problem with defaulted loans, cash has a problem. The problem that other banks have, we also have the same problem.

He said, the loan money will be recovered. The matter will go to court and legal action will be taken.

When asked whether action will be taken regarding the interest waived by the bank earlier, he said that the matter has been discussed with the central bank. The central bank waived it. But we also talked about reversing it today. We will take a decision in this regard after looking at the banking laws.

An official of Bangladesh Bank said that the MD of National Bank claimed in the meeting that if they get liquidity support they can solve all the problems by December 2025.

Meanwhile, according to sources from the Ministry of Finance, the World Bank will provide a loan of 100 million dollars to Bangladesh for financial sector reform. Out of this, 750 million dollars will be provided as policy based loan and 250 million dollars as investment loan and guarantee facility.

The loan is expected to be approved by the World Bank board by next December. However, Bangladesh has to fulfill three conditions to get the loan.