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Masroor Arefin, Managing Director (MD) of The City Bank The first light“More than 70 percent of our debts are recovered on a regular basis,” he said. Even then, it is not clear why all good loans should have a 1% security reserve. If this decision is implemented, there will be nothing to say about the bank’s earnings.
A review of bank data in September showed Islami Bank would have to keep excess reserves to the maximum to implement the new central bank decision. After that, First Security Islami Bank, state-owned Janata, Sonali and Agrani, Exim Bank, National Bank, United Commercial Bank will have to keep more reserves.
Emranul Haque, Managing Director of Dhaka Bank, welcomes the decision to increase reserves. He The first light“15 percent of our clients cannot pay regular fees,” he said. Most of them belong to the service sector. We need to maintain an additional 1% security reserve on your debt. These loans can go bad in the future, so it may take some preparation beforehand.
Meanwhile, Bangladesh Bank has said that loans that are not recovering, the interest income sector to obtain approval at various levels. From this, the board of directors will approve the loan of more than Tk 10 crore and the managing director will approve the loan of more than Tk 5 crore. In addition, it has been reported that the central bank can verify this information. As a result, banks will not be able to show income from all loans, even if they want to.
