Update November 18, 2018

Dhaka 10-56 pm, 09-August, 2020

Muhith for giving opportunity for ‘capital export’

Mirajul Moin Joy

Finance Minister AMA Muhith today underscored the need for giving opportunity to the business community for ‘capital export’ as the country’s economy has been widening gradually.

“I did not give much opportunity to them (businessmen) for capital export. But, in the future, I think that it would be an important issue as the country’s economy has broaden a lot,” he said while addressing the inauguration session of a five-day training course arranged for directors of the state-owned banks at Bangladesh Institute of Capital Market (BICM) here.

State Minister for Finance and Planning MA Mannan and Bangladesh Bank governor Fazle Kabir were, among others, present on the occasion with Financial Institutions Division secretary M Ashadul Islam in the chair.

Speaking as the chief guest, Muhith said once banking sector was public in the country, but now the situation is changed as most of the banks are now be running under private sector.

“Once Sonali Bank was the biggest bank in the country…a rapid change came in the banking sector in the last few years,” he said.

About the default loan, Muhith said the biggest criticism of the banking sector is the default loan.

To take the default loan at a tolerable level, he said, bankers should invest in profitable sectors. “If any investment becomes unprofitable, bankers should stop investment,” Muhith said.

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