Supply chain finance portfolio only Tk 870cr | The Daily Star
12:00 AM, September 20, 2019 / LAST MODIFIED: 12:06 AM, September 20, 2019

Supply chain finance portfolio only Tk 870cr

BB deputy governor says

Supply chains in Bangladesh have so far received only Tk 870 crore in financing, 90 percent of which came from non-bank financial institutions (NBFIs) and the rest from banks, said SM Moniruzzaman, deputy governor of Bangladesh Bank, yesterday.

“Bangladesh Bank is always positive in launching new financial services for the benefit of the financial sector,” he told a discussion on supply chain finance in Bangladesh organised by the Bangladesh Institute of Bank Management (BIBM) on its premises. 

“But we must be sure about the pros and cons, simplicity and risk factors and necessary process before launching any new financial services,” he added at the programme chaired by Prof Barkat-e-Khuda.

Prof Prashanta Kumar Banerjee, director of the BIBM, presented a paper on the topic. He said a joint initiative of Bangladesh Supply Chain Management Society, banks, NBFIs, different chambers and SME Foundation could create awareness on the issue.

A strong alliance can be formed to raise awareness, particularly among corporate houses, about the necessity and benefits of supply chain financing, he added.

Barkat-e-Khuda said supply chain financing would help to achieve sustainable goals.

Helal Ahmed Chowdhury, supernumerary professor of the BIBM, Yeasin Ali, a former supernumerary professor, and Dong Gong Zhang, principal financial sector specialist of Asian Development Bank, also spoke among others at the event.

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