Bangladesh Bank has decided to offer policy support to major domestic industrial and business conglomerates to ensure that temporary financial difficulties do not disrupt their operations or affect the supply of goods and services in the market.
If any major company faces temporary financial distress, the central bank will take appropriate measures to prevent the impact from spreading across the economy.
The country’s major business groups are closely linked to large-scale employment, significant bank lending and broader economic performance, he noted.
Therefore, if any major company experiences temporary financial distress, the central bank will take appropriate measures to prevent the impact from spreading across the economy, he was cited as saying by domestic media reports.
The central bank will facilitate coordination among lending banks, allow loan restructuring where appropriate, provide necessary regulatory support and take steps to ensure that production activities are not disrupted.
The aim is to safeguard the stability of the banking sector, protect employment and maintain the uninterrupted supply of essential goods in the market, the reports added.
Fibre2Fashion News Desk (DS)
