The Bangladesh Bank on Thursday blamed the four state-owned commercial banks for low performance in the first quarter of this year and directed them to improve their key financial indicators.
The central bank issued the directive from a quarterly performance evaluation meeting on the four state-owned commercial banks held at the BB conference room.
BB governor Atiur Rahman chaired the meeting attended, among others, by BB deputy governor Nazrul Huda and chief executive officers of the four commercial banks.
The amount of classified loans, capital inadequacy, loan disbursement, and deposit collection of the banks are not agreeable, Atiur told the meeting.
The governor directed the banks to follow the guidelines on key financial indicators for improving their performance.
The BB quarterly report shows classified loans of all the four banks have increased over the quarter, with Sonali Bank accounting for Tk 563.47 crore, Janata Bank Tk 84.73 crore, Agrani Bank Tk 82.47 crore, and Rupali Bank for Tk 1.81 crore.
The amount of classified loan of Sonali Bank is 25.47 per cent of its total disbursed loans, that of Janata Bank is 5.36 per cent, Agrani Bank 12.50 per cent, and Rupali Bank 7.23 per cent.
The growth of deposit collection is also low in case of all the four banks. The Sonali Bank's deposit collection growth in the period is 2.93 per cent, Janata Bank's 1.01 per cent, Agrani Bank's 9.32 per cent, and Rupali Bank's is 3.17 per cent.
Three of the banks are facing capital inadequacy. The capital shortage of Janata Bank is Tk 191.23 crore, Agrani Bank Tk 259.48 crore, and Rupali Bank Tk 79.43 crore. Sonali Bank, on the other hand, has added a Tk 685.22 crore capital in the quarter.
The growth achieved by the banks in disbursement of loans in the quarter was also found to be unsatisfactory. The loan disbursement growth achieved in the period by Sonali Bank is 7.58 per cent, Janata Bank 4.76 per cent, Agrani Bank 9.11 per cent, and Rupali Bank 10.52 per cent.
Sonali, Janata, Agrani and Rupali banks have been operating as public limited companies since November 15, 2007.
source:NewAge
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