'Banks’ performance to be published every 3 months' | The Daily Star
09:53 PM, September 17, 2019 / LAST MODIFIED: 09:57 PM, September 17, 2019

Banks’ performance to be published every 3 months: Finance minister

Finance Minister AHM Mustafa Kamal today made a fresh commitment to improve the financial health of state banks, saying the performance of the lenders will be published every three months.

“We will run the state lenders transparently as part of our responsibility to people,” he told reporters after a meeting with the chairmen and managing directors of four state-owned commercial banks.

The meeting was held at the auditorium of the National Economic Council at the planning ministry in the capital.

The minister has made the commitment at a time when non-performing loans of the lenders have been growing and declining operating profit despite a number of initiatives being taken by the government to perk up their performance.

This is the second meeting between the finance minister and the four lenders – Sonali, Janata, Agrani and Rupali.

Prior to that, he sat with them in another meeting in August to explore the avenue on how to improve their performance.

“From now on, we will sit with them in every three months,” Kamal said.

“We will publish their improvement in the field of operating profit and the volume of default loans in a written form publicly,” he said.

He went on to express the hope that NPLs in the four lenders would not increase further because of the latest moves.

As part of an effort to tackle scam, both the errant bankers and borrowers will be brought to book, he said.

“Required articles of the law will be revised to improve the financial health of lenders. And the initiatives are going on,” he said.

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