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Commercial banks need to increase investment in productive sectors

State minister for planning says at opening of NRBC Bank’s 100th branch


Published : 28 Dec 2022 08:22 PM

Terming the banks as one of the supporting institutions of the country’s development, State Minister for Planning Dr. Shamsul Alam urged all the banks to increase investment in productive sectors.

He said the government is working to improve the quality of life of every person in the country. It has implemented various mega projects including Metrorail, Padma Bridge, Ruppur Nuclear Power Plant, highway development to spread the development everywhere. 

State Minister made the remarks while addressing the milestone 100th branch opening of the leading private sector commercial bank, NRBC Bank at Banashree in the capital on Tuesday.

On the road to prosperity, NRBC Bank has reached the milestone of 100th branch. Dr. Shamsul Alam attended the gala event as the chief guest while Chairman of the Bank SM Parvez Tamal presided over the inauguration ceremony. 

Air Chief Marshal (Retd) Abu Esrar, Independent Director and Chairman Audit Committee Golam Awlia, MD & CEO of the Bank, local dignitaries and senior officials were present in the inaugural ceremony. 

Chairman of the Bank SM Parvez Tamal said, we are working for the underserved people. For this purpose we are expanding the network across the country and emphasizing on increasing employment. 

“We have already signed an agreement with the Directorate of Youth Development to create new entrepreneurs from where the trained youth are being given collateral-free loan assistance”, he added.

Managing Director of the bank Golam Awlia said, NRBC Bank wants to serve more people. That's why we introduced microcredit. Under this micro-loan, we have given 48,000 people about 2,000 crores of loans. 

He said this year they have set up 10 new branches. NRBC Bank branches, sub-branches and other service centers are there to serve the people almost all over the country. NRBC Bank is conducting financial inclusion activities as per the guidelines of Bangladesh Bank.