2024-07-10 07:05:10
There is a crisis of confidence of customers in the banking sector of the country. Many customers have withdrawn bank deposits. Also, many customers are withdrawing bank deposits due to inflation. Due to these reasons, the banks are somewhat hesitant to collect new deposits, liquidity is decreasing. However, the amount of deposits in these banks has increased in April, the loan disbursement has increased more than that. This information is known from the report of Bangladesh Bank.
According to the report of Bangladesh Bank, deposits in Islamic banks at the end of April stood at 4 lakh 24 thousand 601 crores. At the same time, 4 lakh 98 thousand 89 crores of loans were disbursed. As such, loan disbursement has increased by 73 thousand 497 crores more than deposits.
Import expenses of Islamic banks have increased but export income has decreased. In April, the export income through these banks was 7 thousand 734 crores, in March 7 thousand 974 crores came. At this time, the export income was less than Tk 240 crore.
13 thousand 326 crore rupees paid in import expenses in April. In March which was 11 thousand 219 crores. 2 thousand 107 crores overpayment of import expenses during the period under discussion.
Although there is no information about excess liquidity reduction in the April report, the March report revealed the information of 77 percent or Tk 5,125 crore excess liquidity reduction in Islamic banks in three months. According to that information, at the end of March 2024, excess liquidity of Islamic Sharia-based banks was Tk 1,518 crore, which was Tk 6,643 crore at the end of the previous quarter. As such, additional liquidity has decreased by 5 thousand 125 crores or 77.14 percent in the span of three months.
ADR ratio (loan-deposit ratio) of these banks has increased due to disbursement of loans at a higher rate than deposits. However, that information was not disclosed in the April report. According to the March report, the ADR ratio of these banks at the end of the first quarter of the year was 0.97 percent, which was 0.93 percent in the quarter ended December. And in March last year it was 0.92 percent.
It should be noted that there are currently 10 fully Shariah-based Islamic banks in the country. The banks are Islami Bank Bangladesh, Al-Arafah Islami Bank, Exim Bank, Shahjalal Islami Bank, First Security Islami Bank, Social Islami Bank Limited (SIBL), Global Bank, Union Bank, ICB Islamic and Standard Bank.