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Meeting with BB Governor: Bankers say NPL dropping

Published : Sunday, 21 July, 2019 at 7:37 PM  Count : 337
Business Correspondent

Meeting with BB Governor: Bankers say NPL dropping

Meeting with BB Governor: Bankers say NPL dropping

Bankers on Sunday said non performing loans as per the first quarter statement of the banks showed to have come down and expected to fall further at the time the second quarter statements will be in hands.

Association of Bankers Bangladesh (ABB) Chairman Syed Mahbubur Rahman, after a closed-door meeting with Bangladesh Bank Governor Fazle Kabir, formally told media that they discussed different issues including interest rates on lending, borrowing, private sector credit, development, government borrowing from banks and few others.

“Many of our banks could lower lending deposit rates and many are trying to do so,” the ABB chairman said, adding, “Non performing loans continues to decline and hopes it would be at 10 per cent limit within few months.”

He further said, “We do not feel pressure from any quarter for borrowing and lending at 6 and 9 per cent but due to market force we are trying as it was promised by our directors. There is also another fact that the government told us not to pay over six per cent interest on deposits on the government funds.”

After the meeting, the central bank spokesperson Sirajul Islam said, “It is a regular quarterly meeting and at today’s meeting, they discussed about different issues.”

He said lowering deposit rates to 6 and lending at 9 is not central bank’s decision or order. “So we have no pressure but bankers told us that they are trying to follow the promise which was made by their directors.”

The banks’ chief executive officers took part in the meeting.

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