Farmers Bank will be saved | The Daily Star
12:00 AM, April 11, 2018 / LAST MODIFIED: 01:34 AM, April 11, 2018

Farmers Bank will be saved

Muhith says

Depositors of troubled Farmers Bank can now breathe a sigh of relief after Finance Minister AMA Muhith yesterday said the precarious bank will be saved at any cost.

“A bank will not fold in our term. However mischievous it may be, we want to fix it,” he said at the dividend giving ceremony of the Investment Corporation of Bangladesh held at his secretariat office.

The ICB and four state-owned banks will invest about Tk 715 crore in Farmers Bank as their capital upon the insistence of the government and the Bangladesh Bank.

Asked about the World Bank's scepticism over the 7.65 percent growth estimate put forward by the Bangladesh Bureau of Statistics for this year, Muhith said the WB, the International Monetary Fund and the Asian Development Bank raise questions about the preliminary estimate every year.

“But later, they come to accept the BBS estimate.” While the preliminary estimate is 7.65 percent, Muhith is sticking to the budget's projection of 7.3 percent. 

“However, I think it will not be less than 7.5 percent.”

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