Bangladesh Bank Governor Ahsan H Mansur on Sunday said that at least 10 banks in the country are on the verge of bankruptcy.
“But the government is making efforts to save these banks,” he said while talking to reporters at the Bangladesh Bank headquarters.
The governor also said, “We do not expect any bank to go bankrupt, but it is true that many banks are on the verge of bankruptcy. Around 10 banks are close to bankruptcy. The government is trying to rescue these banks.”
However, the governor did not mention the names of these banks.
Despite the challenging situation in the banking sector, Mansur assured depositors that their interests would not be harmed.
“To protect depositors, we have raised the deposit insurance limit from Tk 1 lakh to Tk 2 lakh. This measure will ensure security of 95 percent of depositors’ interests. No country in the world guarantees 100 percent of banking sector deposits, and we are guaranteeing 95 percent,” he added.
The governor also makes it clear that no accounts from any company, including those belonging to S. Alam or Salman F. Rahman, had been frozen by Bangladesh Bank.
Additionally, Mansur issued a warning to potential buyers of S. Alam Group’s assets, saying, “Anyone purchasing S. Alam’s property will do so at their own risk. Bangladesh Bank will not take responsibility.”
He further mentioned that around Tk 70,000 crore had moved out of the banking sector, but approximately Tk 30,000 crore had been brought back.
