10 banks on the verge of bankruptcy: Governor

by times news cr

2024-09-08 19:13:29

Published: 22:13, 8 September 2024

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Bangladesh Bank Governor Ahsan H Mansoor said, “We don’t expect any bank to go bankrupt, but at least 10 banks are in a bad state of bankruptcy.” The government is trying to save them.

10 banks on the verge of bankruptcy: Governor

The governor said these things while talking to journalists on contemporary issues at Bangladesh Bank on Sunday (September 8).

We don’t expect any banks to go bankrupt, but that’s just too many banks going bankrupt. The condition of the bank is like this at 10 o’clock. The government is trying to save these banks. The governor spoke about 10 banks but did not mention their names.

read- 94.4 per cent depositors will be fully refunded even if banks go bankrupt: Governor

He said that no matter the condition of the banking sector, there will be no loss to the customers, therefore the deposit insurance has been increased from Tk 1 lakh to Tk 2 lakh. Interests of 95 percent customers of the banking sector will be ensured. No country in the world guarantees 100% deposit of banking sector. We offer a 95 percent guarantee.

Noting that no organization’s account has been seized from Bangladesh Bank, he said, be it S Alam’s or Salman F Rahman’s. No organization’s bank account has been seized. The governor also warned that if anyone buys S Alam’s property, he will buy his responsibility, Bangladesh Bank will not take his responsibility.

He said that 70 thousand crore rupees went out of the banking sector, about 30 thousand rupees came back.

NF/NH

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