A half-day long roundtable discussion was held at the Bangladesh Institute of Bank Management (BIBM) on Thursday in its auditorium. Professor Dr Barkat-e-Khuda, professor Dr Muzaffer Ahmed of BIBM and former professor of Dhaka University Chaired the Program.
SM Moniruzzaman, Chairman of BIBM Executive Committee and Deputy Governor of Bangladesh Bank was present in the roundtable as chief guest.
A paper titled ‘Supply Chain Finance in Bangladesh’ was presented in the Roundtable Discussion by Dr. Prashanta Kumar Banerjee, Professor and Director (R, D&C) of BIBM. Other members of the team are Mohammed Sohail Mustafa CFA, Associate Professor of BIBM; Md. Ruhul Amin, Assistant Professor of BIBM; Tofayel Ahmed, Assistant Professor of BIBM.
A good number of participants including senior executives from Banks and NBFIs, academicians, media representatives, faculty members of BIBM took part in the roundtable discussion.
Helal Ahmed Chowdhury, Supernumerary Professor of BIBM and former managing director of Pubali Bank Limited; Yeasin Ali, Former Supernumerary Professor of BIBM; Dong Gong Zhang, Principal Financial Sector Specialist, Asian Development Bank (ADB) spoke among others at the event.
Dr Prashanta Kumar Banerjee said, collective initiative of Bangladesh Supply Chain Management Society (BSCMS), Banks, NBFIs and different chambers and SME Foundation can create awareness about this financial product. They can form a strong alliance to raise awareness particularly among anchors or corporate houses about the necessity and benefits of Supply Chain Financing. Deputy Governor said, portfolio size of Supply Chain Finance by banks and NBFIs is about Tk 870 crores. Of the total portfolio, around 90 percent of the market share is captured by NBFIs and remaining portion goes to banks’ portfolio. It seems that amount of lending under Supply Chain Finance (SCF) is also growing in Bangladesh.
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.
