New banks in deep trouble

Niaz Mahmud: The new banks of the country are in deep troubles for various reasons. Two years have been passed already but expected success is seen not seen during the time.

The new banks could not make desired account holders and index of the new banks is low.

Sources said that Bangladesh Bank (BB) is going to take steps to speed up the new banks.

Bangladesh Bank Governor Dr Atiur Rahman is set to join a meeting with the nine chiefs of the new banks on Sunday in this regard.

Earlier, in 2013, the new nine banks got approval from central banks in political consideration.

The banks are- NBR Commercial Bank, South Bangla Agricultural and Commercial Bank, Meghna Bank, Midland Bank, Farmers` Bank, Union Bank, NRB Bank, NRB Global Bank and Modhumoti Bank Limited.

The new banks are yet to show aptness to gain a foothold in general banking.

Concerned people said that the new banks are in trouble for various reasons including ongoing political instability, investment recession and skilled manpower.

Managing Director of Modhumoti Bank Limited Mizanur Rahman told risingbd.com that the new banks are doing well comparably. But, because of some obstacle some banks could not show quality.  

Already, some banks performed very well from the new banks, he added.

risingbd/DHAKA/Apr 4, 2015/Niaz/Nasim