Banks urged to lower lending rates for MFs
Saturday, 15 February 2014
Bangladesh Bank (BB) governor Atiur Rahman 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 per cent and asked why the banks should not lower their lending rate by 1-2 per cent.
The conference was organised by Credit and Development Forum (CDF) at Bangladesh Bank Training Academy Saturday.
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, according to a news agency.