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BB looking for ways to meet capital shortfall of Farmers Bank

Independent Online Desk
BB looking for ways to meet capital shortfall of Farmers Bank

Bangladesh Bank (BB) is working to find out a way for resolving the ongoing capital shortfall in the Farmers Bank Limited (FBL), a fourth generation bank that has been facing severe capital crunch, reports BSS.

In this regard, the central yesterday held a meeting with the ICB and state-owned Sonali Bank, Janata Bank, Agrani Bank and Rupali Bank at BB headquarters in the capital where the latest capital position of FBL and the possible ways to recapitalise the bank were discussed.

Chaired by BB Governor Fazle Kabir, the meeting was attended by chairman and managing directors of the four state-owned banks and ICB.

“The government is sincerely working to protect public interest by saving the bank as a huge amount of public money has been deposited in the bank’s accounts,” ICB Chairman Dr Mojib Uddin Ahamthe news agency after the meeting.

So, he said, the central bank called the meeting and discussed the possible ways to support the bank. “Different possible ways have come up from the meeting, but no final decision is yet to be taken.

Bangladesh Bank will analyse the ways and take a final decision later,” Mojib said.

SI

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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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