No liquidity crisis in banks: BAB

Bangladesh Association of Banks (BAB), an organisation of entrepreneurs and directors of private banks, in a statement has said that there is no liquidity crisis in the banks at present.

In a statement issued on Monday, BAB said that there is a negative campaign going on over the liquidity crunch in the banking sector. But this is not true; liquidity in the banks is stable, it said.

Chairman of BAB and Exim Bank, Nazrul Islam Majumder, signed the notification, reports UNB.

There is a liquidity of Tk 1.70 trillion remaining in the banking sector at present, which is more than the requirement, he said. BAB issued the statement after discussing the current situation of the banking sector in a meeting.