Of the banks, five are state- owned commercial banks, two state- owned specialized banks, five private commercial banks and one foreign bank, according to the latest data of Bangladesh Bank (BB). The thirteen banks are: Sonali Bank, Agrani Bank, Rupali Bank, Basic Bank, Janata Bank, Bangladesh Krishi Bank, Rajshahi Krishi Unnayan Bank, Bangladesh Commerce Bank, ICB Islamic Bank, NRB global bank, Community Bank Bangladesh, Padma Bank and National Bank of Pakistan. According to Bangladesh Bank guidelines on risk-based capital adequacy, banks have to maintain a minimum capital adequacy ratio (CAR)—which is a bank’s capital reserve to cover its risk exposure—of 12.50% by 2019, in line with the BASEL III requirement. As of March this year, banks’ capital adequacy ratio (CAR), which determines the adequacy of banks’ capital in keeping with their risk exposure, stood at 11.35%, down from 11. Besides, ICB Islami Bank’s capital shortfall was Tk1,607 crore; for Bangladesh Commerce Bank it was Tk935 crore; the shortfall for Padma Bank stood at Tk325 crore; Community Bank Bangladesh was at Tk8 crore; NRB global bank at Tk8 crore and the foreign National Bank of Pakistan’s shortfall was Tk77 crore.

Source: Dhaka Tribune July 06, 2020 13:41 UTC