Prepare a report for consideration of the Board regarding the problem of excess liquidity in the bank - Banking Diploma Education

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Monday, December 2, 2013

Prepare a report for consideration of the Board regarding the problem of excess liquidity in the bank

Q. Prepare a report for consideration of the Board regarding the problem of excess liquidity in the bank.
 
Islami Bank
Khatunganj Branch
Chittagong 7020
Phone: 975 2319 Fax: 975 2320
Email: islamikhatunganj@islamibank.com

Our Ref: Board/Suggestion/Liquidity/01/09
Saturday, May 09, 2009

Solution to the problem of excess liquidity

Almost all the branches of Islami Bank in Chittagong as well as in other parts of Bangladesh, as you know, have been facing excess liquidity as devout Muslims are crowding our bank branches to deposit their savings knowing full well that they would not earn any interest on their deposits.

This trend of flooding our bank with deposits is observed especially during three months before Hajj as the devout Muslims, who make up their minds to perform Hajj, withdraw their savings from other commercial banks and deposit the same with us just before they set out their journey for Hajj.

Considering this trend we suggest our esteemed management to invest the excess fund with leasing companies for a short period of three months. We have come to learn that the leasing companies offer the best rate. During Hajj period the leasing companies finance the leather processing factories also for a short period on the eve of Eid-ul-Azha.


Submitted for their kind perusal, please.


Maswood Alam Khan
Assistant Vice President and Manager
The Chairman
Board of Directors
Islami Bank
Head Office, Motijheel,
Dhaka 1000

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