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SAM

Published:
2018-07-02 17:11:15 BdST

FBCCI seeks strong supervision over single digit lending rate


FT ONLINE

Hailing the reduced lending rate by the banks, the country’s apex trade body on Monday called for strict supervision for continuation of the single digit lending rate for the sake of investment.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), at the same time, demanded a high-powered taskforce to check the scope of NPL (non-performing loan) by properly addressing its reasons.

In the post-lending rate reduction, they also suggested immediate measures to form an independent banking commission to ensure governance in the struggling banking system.

FBCCI president Md. Shafiul Islam Mohiuddin thanked all the groups, including Prime Minister, Ministry of Finance, Bangladesh Bank and ABB (Bangladesh Association of Banks) for bringing down the lending rate to single digit.

Other leaders of the FBCCI were also present at the press conference.

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