Bangladesh Bank Governor Dr Ahsan H Mansur assured depositors that they would get their money back from weak banks.
"I assure that you will get your money or bonds back in phases," he said while speaking as the chief guest at a workshop on microfinance at the CIRDAP auditorium in the city on Tuesday.
The Governor said he had repeatedly warned against depositing funds in certain banks over the past decade.
"I have been advising for the past 10 years not to keep money in S Alam's banks, but many chose to deposit there for an extra two percent profit," he said.
Dr Mansur stated that the next five years will be increasingly challenging for microfinance institutions.
"Currently, there are 24,000 branches of microfinance institutions across the country, while banks have around 24,000 agent banking outlets. In the next five years, banks are expected to increase their agent banking outlets to around 60,000", he added.
bd-pratidin/GR
