Reported by: Jafar Ahmed

Written by: Eshan Maitra     

Low quality of resource jeopardizes the economy. Along with increasing in amount, the quality must be insured as well. Expressed high-ranking officers of Bangladesh Bank (BB) in their Financial Stability (FS) Report 2016 announcement-ceremony. BB Deputy Government SK Sur Chowdhury led the event. Including BB Governor Fazle Kabir as the chief, all the important officers of BB were present at the event.

The report discussed of multiple topics. One of which showed that, Garments sector alone has 12.6% defaulting loan. 23% in trading sector. Loan accumulation in a single sector is unacceptable. Commercial banks should look for new sectors to invest into.

Special guidance & policy suggestions were given to the authorities of different banks. Also, DG SK Sur reminded that, Bangladesh has high record of defaulting loan. This may pose to be a great risk in the future. Therefore, BB has several projects in mind & already have taken some initiations.