Discussion on 'Supply Chain Finance in Bangladesh' held at BIBM
Business Desk :
A roundtable discussion on "Supply Chain Finance in Bangladesh" was held on Thursday at the auditorium of the Bangladesh Institute of Bank Management (BIBM) in the city.
Professor Dr. Barkat-e-Khuda, Dr. Muzaffer Ahmed Chair Professor of BIBM and former Professor of Dhaka University chaired the program.
Chairman of BIBM Executive Committee and Deputy Governor of Bangladesh Bank SM Moniruzzaman was present at the roundtable as the chief guest. Professor and Director (R,D&C) of BIBM Dr. Prashanta Kumar Banerjee delivered the welcome address.
A paper titled 'Supply Chain Finance in Bangladesh' was presented at the roundtable by Dr. Prashanta Kumar Banerjee. Other members of the team are Associate Professor of BIBM Mohammed Sohail Mustafa, Assistant Professor of BIBM Md. Ruhul Amin, and Assistant Professor of BIBM Tofayel Ahmed.
Speaking on the occasion, Bangladesh Bank Deputy Governor SM Moniruzzaman said the portfolio of supply chain finance by banks and NBFIs is about Taka 870 crore. Of the total portfolio, around 90 percent of the market share is covered by the NBFIs while the remaining portion goes to banks' portfolio. "It seems that amount of lending under Supply Chain Finance (SCF) is also growing in Bangladesh," he added.
Moniruzzaman said the Bangladesh Bank (BB) is always positive in launching new financial services for the benefits of the financial sector. "But, we must be sure about the pros and cons, simplicity and risk factors and necessary process before launching any new financial service in our financial sector," he added.