‘No more financial assistance to state-owned banks’

Special Correspondent: Finance Minister AHM Mustafa Kamal said no more financial assistance will be provided to the state-owned banks from the government fund in case of the capital deficit or other reasons.

He said, “From now, state-owned banks- Sonlai, Rupali, Janata and Agrani, will not be refinanced. There will be no allotment in the budget for these banks. They will have to run with their own finance.”

The Minister said this while talking to reporters after a meeting with all the chairmen of state-run banks at the planning ministry at Sher-e-Bangla Nagar in the capital on Sunday.

The Finance Minister said these four banks have been given some time to submit their work plan before him and they would sit again on next Sunday to further discuss on the submitted work plans.

Mentioning that the new top managements of these four banks are clearly very much skilled and if they could run their banks with their acquired knowledge and experiences considering the local and global context, then the country could expect much better in the coming years.

risingbd/Dhaka/August 25, 2019/Hasnath/AKA