Banks making Tk10 profit per dollar: FBCCI president
Federation of Bangladesh Chamber of Commerce and Industries (FBCCI) President Jasim Uddin claimed that banks were making a profit of Tk10 for every dollar they are selling.
He said banks have been given a licence to do business, not to make such a high profit of Tk10 per dollar.
"We cannot accept that banks will sell a dollar for Tk105-Tk110 after buying it from the central bank for Tk94," said the FBCCI president after paying a courtesy call on the new Bangladesh Bank Governor Abdur Rouf on Thursday (28 July).
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He also claimed that many share traders have started trading in dollars.
Requesting the governor to look into the matter, Jasim Uddin said the government should suppress these traders with a strong hand.
He also asked the governor to allow long-term loans for businessmen.
He said, "There was a provision of industrial loan in the past, which is not available anymore. We have proposed that the banks be allowed to give certain portion of their loans as long-term loans."
In view of FBCCI's demand, Bangladesh Bank Spokesperson Serajul Islam said that FBCCI is demanding that if any of the institutions of a group defaults a loan, it can be considered as a separate entity. However, the governor rejected the proposal.
He said action will be taken against the money changers and banks who are making a profit by increasing the price of dollars.
