Experts have discouraged state-owned banks and financial institutions from investing in Farmers Bank Limited (FBL), which they say will be a risky decision as its fragile financial status may fail to offer returns against investments. Also Read- ICB unwilling to invest in Farmers Bank sharesThese bank need funds from the government to meet the capital requirement every year. “The current condition of the Farmers Bank is the result of the corruption by its management. In a private bank, there is board of directors and if fund is needed, they will arrange it,” former Bangladesh Bank governor Salehuddin Ahmed told the Dhaka Tribune. “Buying shares of Farmers Bank with the state fund will not be a wise decision.

Source: Dhaka Tribune February 12, 2018 19:30 UTC