Kazi Zahidul Hasan :
NRB Commercial (NRBC) Bank has invested Tk 2000 crore in public infrastructure projects considering the country’s huge need for infrastructure development.
These are Rooppur Nuclear Power Project, Payra Port and River Dredging projects.
At the same time, the bank also engaged in green financing to promote environment-friendly projects.
“We have gone for such lending to fill the country’s infrastructure investment gap,” Tamal S.M. Parvez, Chairman of NRBC Bank told The New Nation on Sunday.
He said the infrastructure lending has the single digit rate of interest.
“We are also opting for syndicated loan for financing public infrastructure projects.”
Bangladesh needs huge fund to finance its infrastructure projects. As there are limited local sources to finance these projects, it always looks to tap foreign funds mostly from multilateral donors to implement development projects. Sometimes, the government goes for costly foreign loans due to resource constraint and thus become burdensome for the national exchequer.
“Considering the fact, NRBC Bank has engaged in infrastructure lending to become a part of nation building,” said Tamal S.M. Parvez, adding, “Infrastructure lending by local banks will give an edge to public projects and ease the burden of the national exchequer.”
Tamal S.M. Parvez is a Bangladeshi expatriate in Russia has attained Post Graduation degree from Moscow Institute of Statistics & Economics. He is involved in IT distribution, Real Estate Holdings & Logistic consultations in Russia.
“We will take up infrastructure lending further if the ongoing project financing turns viable,” Tamal S.M. Parvez, adding, “Banks can go for lending business on massive scale alongside in contrast with their deposit growth.”
Replying to a question, he said, the current crisis in the country’s banking sector is nothing, but a governance problem. The crisis could be managed through infusing dynamism in corporate governance in the respective banks.”
He said many banks are bogged down by bad loans as a result of aggressive lending and poor governance. Banks should pursue prudent lending practice so that their balance sheets should not be bloated with toxic loans.
“We are installing ‘Blockchain’ technology in NRBC Bank to ensure transparency in the lending activities and enhance internal control system,” said Tamal S.M. Parvez, adding, being a first Bangladeshi bank, NRBC Bank has intended to introduce the banking sector’s latest technology as part of its full automation plan.
NRB Commercial (NRBC) Bank has invested Tk 2000 crore in public infrastructure projects considering the country’s huge need for infrastructure development.
These are Rooppur Nuclear Power Project, Payra Port and River Dredging projects.
At the same time, the bank also engaged in green financing to promote environment-friendly projects.
“We have gone for such lending to fill the country’s infrastructure investment gap,” Tamal S.M. Parvez, Chairman of NRBC Bank told The New Nation on Sunday.
He said the infrastructure lending has the single digit rate of interest.
“We are also opting for syndicated loan for financing public infrastructure projects.”
Bangladesh needs huge fund to finance its infrastructure projects. As there are limited local sources to finance these projects, it always looks to tap foreign funds mostly from multilateral donors to implement development projects. Sometimes, the government goes for costly foreign loans due to resource constraint and thus become burdensome for the national exchequer.
“Considering the fact, NRBC Bank has engaged in infrastructure lending to become a part of nation building,” said Tamal S.M. Parvez, adding, “Infrastructure lending by local banks will give an edge to public projects and ease the burden of the national exchequer.”
Tamal S.M. Parvez is a Bangladeshi expatriate in Russia has attained Post Graduation degree from Moscow Institute of Statistics & Economics. He is involved in IT distribution, Real Estate Holdings & Logistic consultations in Russia.
“We will take up infrastructure lending further if the ongoing project financing turns viable,” Tamal S.M. Parvez, adding, “Banks can go for lending business on massive scale alongside in contrast with their deposit growth.”
Replying to a question, he said, the current crisis in the country’s banking sector is nothing, but a governance problem. The crisis could be managed through infusing dynamism in corporate governance in the respective banks.”
He said many banks are bogged down by bad loans as a result of aggressive lending and poor governance. Banks should pursue prudent lending practice so that their balance sheets should not be bloated with toxic loans.
“We are installing ‘Blockchain’ technology in NRBC Bank to ensure transparency in the lending activities and enhance internal control system,” said Tamal S.M. Parvez, adding, being a first Bangladeshi bank, NRBC Bank has intended to introduce the banking sector’s latest technology as part of its full automation plan.
