- Supporting pressure the administration
- USD Dollar prices and interest rates are rising.
- The customer is not getting the loan.
- Romance to get the deposit.
Islami Bank Bangladesh Limited (IBBL) offers services through 332 branches of the country. The branch managers of this bank could distribute approved loans at any time. Due to liquidity constraints, the largest bank in the country's private sector has reduced the power of branch managers in November last year. Issuing instructions that will require the approval of the head office to distribute more than 5 lakh loans.
This situation is not only of the Islamic Bank, but the majority of private sector banks in the country have narrowed down debt distribution due to liquidity, trying to collect deposits by raising interest rates. As a result, interest rates increased both for deposits and loans. However, there are enough funds to lend to the public banks, yet many are raising interest rates.
Meanwhile, pressure on the dollar has increased due to increased import pressure. It increased the dollar value. Banks are buying dollars from the central bank with cash money. There is pressure on the money on one side, and the cost of the dollar has increased due to the increase in the dollar price.
The private bank sources said, there is a pressure to withdraw money from the customers, government agencies are seeking to withdraw term deposits. That is why stress is increasing on liquidity. In the coming days, the dollar crisis will be more intense, which will affect the entire economy.
Association of Bankers Bangladesh (ABB) Chairman Syed Mahbubur Rahman said in the first light, "There is good money in the government bank. Liquidity in less private sector banks Again, it can be said that many do not want to borrow. It is usually in the election year, such as before the budget. '
Although Hossain Khaled, one of the oldest entrepreneurs of Anwar Group, said in the first light, "Although the impact of the election is usually seen at the end of the year, there is a problem of bank loan at the beginning of the year. There is a liquidity crisis in the bank. In the election year, traders became mentally slightly conservative. Try to stay a little safer. '
State-owned Sonali Bank is fulfilling a large portion of the money crisis in private banks. The bank lends money to private banks and financial institutions. The bank's managing director Obaid Ullah Al Masud told the first light, 'All private banks are borrowing money from us. We also pay as much money as possible to maintain the banks. There is a lot of appeal to us now, without getting a loan in the private bank.
Romance to get the deposit
In 2012, interest on deposits was 12 to 14 percent. In 2013, the average interest rate on deposits dropped to 8.61 percent. In December 2016, the average interest rate on deposits of banks was reduced to 5.22 percent. But now most banks are taking fixed deposits of 9 to 13 percent interest. Along with all the private banks, Rupali and Agrani Bank have recently raised interest rates. But a year ago, some banks were discouraging the depositors. Now, most of the banks have taken the aim of collecting deposits and took them to the field.
Increasing interest rates, the depositors are moving from one bank to another. Apart from this, institutional deposits are also collecting bigger deposits. Many people have withdrawn money from private banks for fear of failing to recover around Tk 500 crore from the Climate Fund from Farmers Bank. Considering more security, government institutions are risking the bank in the state-run bank.
Managing director of Sonali, Agrani, Janata and Rupali Bank of the state-owned bank said they have a good number of investable deposits. Can not fund good projects or fair at the fair.
The customer is not getting the loan, the interest is rising
According to the central bank sources, the crisis of liquidity or cash in 20 banks is underway. All the banks are trying to recover without paying new loans. Attempts to coordinate the boundaries of the central bank by collecting fresh deposits. In addition to the interest rate of deposits, interest on the loan has increased. Even last year, many subscribers received a one-penny interest loan but now it has reached 15 percent.
Although the Prime Minister urged the Awami League joint secretary to bring down the rate of interest of interest in one figure house last week. However, there has not been any major change in interest rates.
If banks require short-term money to collect money from money laundering. Interest rates have started rising due to the recent crisis of money. Now the interbank is trading at an average of 4.88 percent; Which is the highest after November 2015.
As a result of higher growth in debt than deposits, many banks' debt deposit ratio (ADR) has gone up to the fixed limits of the central bank. Meanwhile, on January 30, the central bank reduced the ADR to 83 percent for the existing section and 89 percent for the Islamic banks. Although this limit has been delayed by early June, it has now been increased to December.
A Halim Chowdhury, Managing Director of Pubali Bank, said in the first light, now big groups do not want to get a bank loan. The bank is financing a lot of money. The reason for the inequalities in import-export is mainly due to liquidity constraints. Buying dollars for money and paying import liability. This crisis does not seem to be easy to cut. Many big banks have not been able to collect a lot of interest by collecting deposits and prolonging the crisis.
The dollar price is increasing in crisis
The supply is less than the dollar in demand. The increase in export and expatriate income, much more than the increase in imports. Bangladesh Bank has to spend the record amount of foreign currency Now (January-February month) Asian K
- The pace of the economy is slowing down.
- There is a financial crisis in the bank.
- Traders are not interested in investing too.
The country's economy has slowed down. Many businessmen are not taking loans from the bank because of the election-related uncertainty. Many people are not getting loans from the bank. There is not enough money to lend to the bank.
However, the export earnings are good, remittance flow (expatriate income) is increasing. But due to the pressure of the import cost, the market of the dollar is in turmoil. To deal with the situation, the central bank has to sell the dollar.
There is no comfort in all. The general people are also under pressure. Regardless of the inflation, as the government does not see inflation, the main thing to the common man is the price of essential commodities including rice, potato, onion, and vegetables. Trading Corporation of Bangladesh (TCB) has reported that the price of rice in the last one year was 27.45 and the increase in the price of rice was 18.18 percent. At this time, onion prices rose 114 percent. There is also the pressure of travel costs and the cost of having children. The burden of an excess burden on the people of the city. After the expenditure, the middle and lower income people do not have the money.
Former President of Metropolitan Chamber of Commerce and Industry (MCCI) and Managing Director of Apex Footwear, one of the leading export-oriented companies of the country, analyzed the whole situation in front of three reasons. These are not a favorable investment environment, increasing interest rates and taking the longer time to get rid of the goods at the port.
Syed Nasim Manzur said in the first light, the economy is in turmoil. It is understood that the purchasing power of ordinary people has decreased. Controversy is about the political situation. After the year's statement, after the interest of the loan declined a little, now it has gone back to the previous place. Medium-level employees of the bank said in the letter, that one-half percent interest is to be paid more.
The situation of small traders is also bad
Not just the big industrialists are in this condition, it is not. The condition of middle and young people is almost the same. Big businessmen are hesitant to make their business bigger. The cost of production of the bank has increased due to the increase in interest rates of the bank. As a result, profit has decreased. Traders say that if the money is good for the general public, then their business is good. But the reality is that the purchasing power of ordinary people has decreased.
Large proofs of human purchasing power shortage have been found in the month-long Dhaka International Trade Fair. In this trade fair, the sale of 87 crores 83 lakh rupees was sold. But the previous year was about 113 crore worth of products.
The two leading companies, manufacturing, and marketing of consumer goods and other products have said that there is no growth in their sales. Sales in many cases have decreased. One of the two organizations said that they will not go into any investment this year, rather they are monitoring the situation.
The traders of Moulvibazar and Shyambazar in the capital also said that wholesale business is not going well for months. Rezaul Islam, vice president of Bangladesh Shop Owners Association, mentioned the Mailbag and Mouchak Super Market, said, "Market conditions are not good anymore. Sell less.
Fear of investment
Due to political uncertainty, the investment in the election year is very low. In the election year, the country's gross domestic product (GDP) growth rate is also reduced. The industrialists and businessmen acknowledged this. Analysis of economic studies can be seen, without exception, the main components of the economy are not so dynamic in elections years.
But due to rising interest rates, the investment is going down - this is the first time in the first instance. Last year, the interest rate on the bank loan dropped to one figure, it was again two-figure house. Concerns are being expressed from all the colonies. Prime Minister Sheikh Hasina also urged the Awami League joint convening the meeting on Wednesday night to bring down the interest rates in one count.
World Bank's chief economist Zahid Hossain said in the first light that it is very difficult to say that the rate of economic slowdown has been declining. If you have to say it through economics. But due to the huge interest of the bank, due to lack of money, the dollar crisis, and the high value, the high cost of living, the industrialists and the businessmen in the care of the alert - all this comes to mind about the tide of the economy.
The tension in the bank's fund
Tanks of the banks have fallen in the fund. According to the central bank sources, the liquidity or liquidity crisis of 20 banks is underway. Of these, more than 10 private banks are in crisis. These banks are struggling to make new loans.
They have become desperate in the collection of deposits, such as the banks have increased the interest. Banks are now trying to draw customers with high-interest rates. But in the bank sector, there was surplus liquidity even a year ago. Then there was more than one lakh crores worth of lazy. Within a year, the situation is such that the board can not provide loans sanctioned by some banks.
Dhaka Chamber of Commerce and Industry (DCCI) President Abul Kashem Khan said, "One of the reasons why there is no desired investment is due to lack of money and rates. New entrepreneurs are not getting easy loans. It is difficult to survive in the loans that are available to the children.
Abul Kashem Khan believes that due to the quality of business environment, the economic slowdown is one of the reasons for slowing down. He said, "Everybody is careful in the parliamentary election year, it is normal that we will be there again."
Raising the dollar
According to the Bangladesh Bank sources, the import is so much that Bangladesh Bank had to sell $ 150 million in the last 7 months.
Recently, the prices of rods and cement in two major construction materials have also increased. Price of 60-grade rods
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