Sunday , 5 December 2021
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Banks urged to lower lending rates for MFs

Banking DeskBB

Bangladesh Bank (BB) governor Atiur Rahman on Saturday called on banks to lower their lending rates for microfinance institutions.

Addressing the inauguration of Dhaka Microfinance Conference 2014, the central governor noted that the interest on deposits has already been lowered by 2 percent and asked why the banks should not lower their lending rate by 1-2 percent.

The conference was organised by Credit and Development Forum (CDF) at Bangladesh Bank Training Academy.

Atiur said one of the major successes of micro-finance programmes in the country is the high loan recovery rate and investing in the sector could prove to be profiting for the banks.

Besides, micro-finance is playing an important role in addressing various issues like education, health and income generation, he added.

Chaired by CDF chairman M Mosharraf Hossain, the inauguration was also addressed by State Minister for Finance MA Mannan.

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