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LENDING & CREDIT | Cesar Tordesillas, India
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Bangladeshis deprived of bank loans due to govt borrowing: politician

Bangladeshi banks could no longer lend to clients due to excessive borrowings by the government.

 

This was the observation of Abdul Jalil, member of advisory committee of Awami League.

“The Bangladesh Bank’s rigid policies are barring certain private banks from performing on their own accord.
As a result, the bank cannot reach out to the general people despite their willingness to do so,” Jalil said.

The veteran politician and banker made the comments while addressing a roundtable meeting on “Present crisis of housing industry and role of financial institutions” at Dhaka Reporters Unity.

A former Secretary General of AL, Jalil said: “No government of Bangladesh has succeeded in meeting all the the basic human rights of the people, which are education, health and accommodation, even though the
country has elapsed 41 years after independence.”

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