The Association of Bankers, Bangladesh (ABB) Chairman Selim RF Hussain said Bangladesh Bank (BB) has orally approved to increase of the interest rate of consumer loans up to 12 per cent, and private commercial banks have already implemented the new interest rate.
He made the remarks after a meeting of the bankers at the central bank on Sunday.
Selim RF Hussain said there was a rumour about a liquidity crisis in banks, and that’s why many people withdrew their money from banks. But now they are depositing money in banks as their error has gone.
About the loam scam of Islami Bank, he said, Islam Bank is one of the largest banks in the country. Bangladesh Bank is investigating the matter. Details will be disclosed after completing the probe.
He also hoped that country's ongoing economic crisis including the dollar shortage will end very soon.
Bd-pratidin English/Golam Rosul
