Banks are the mainstream of the financial system of a country like Bangladesh. Because of close relationship between economic and financial development, the banking system must be robust, resilent and sound for efficient inter - mediation of financial resources.
For that reason, sound macro - economic environment, effective bank management strategies and prudential financial regulations are the means . However ; lack of any one or all these prerequisites would not bring only disaster for the country also cost the real sector severely. Banking sector problems have been epitomized by the analyists and donors as banking fragility crisis, distress, failure collapse, insolvency and so on. Our government has taken various types of reform programs time to time making them more effective so that positive impact of banking system on our everyday life in economic activities can be more realized.
Contribution of banks in our economy : Banks have played a vital role in economy by providing credit for performing economic activities and at the sometime conglomerate the surplus capital from general public through different types of depository incentives . Hence we discuss the major sectors of economy like agriculture, industry , business mentioned by Bangladesh Bank and how much well banks perform these sectors.
Agriculture : Agriculture is the major sector of our economy. According to new GDP measurement system , it provides about 22 percent of our GDP . Though the total amount of credit increases day by day , the portion of credit has decreased in agriculture , fishery and forestry sector , whether it has reduced into half at present. The recovery of agriculture credit is satisfactory than other sectors and this credit directly affects the agricultural production . At present 44 private and foreign commercial banks have to continue their activities . They contain collectively Tk 20,365 crore as a deposit which is 35 % of total credit. But unfortunately , they don't give any single coin to agricultural sector , as a credit .
Industrial sector : Industrial sector acts as a main sector of GDP in the developed countries but unfortunately , this sector performance is very weak in our country and participation of GDP in this sector is 17.79 percent . This sector gets the highest credit from commercial banks . Business sector credit : Business sector has become major role playing sector in our economy , Now - a - days almost 14.17 percent of GDP comes from business sector , which is transparent from various statistical data . In 1981 , One reason of gets more credit in business sector is that the probability of default loan is comparatively low vis - a - vis other sectors . But now - a - days , default culture has also increased in business sector . Only garments industry ( highest foreign currency earned ) contains outstanding credit is Tk 786 crore and Tk 878 crore respectively provided by private and national commercial banks provide 24 percent of total credit in business sector and it is only 14.31 percent in case of foreign banks . Poverty alleviation : Bank is one of main means of government by which government can implement different types of step for eradicating poverty . As the branches of bank are available everywhere from downtown area to remotest rural area government uses this channel to provide any financial benefit quickly . Some projects are run by bank with the help of government to wipe out poverty are as follows : i . Rural poor co - operative project in greater Rajshahi , Kustia and Jessore area with the help of Sonali Bank.wongal event oor wild 10 ii . Self - reliance loan project through the self - reliance Bangladesh and financed by Sonali Bank . iii . Small and landless farmers development project by Janata Bank.eold aur Cellfose up iv . Small and marginal farming Mar v . National Micro Irrigation Develoment Project ( NMIDP ) Other sectors : Foreign Commercial Banks have provided 39.9 percent of total credit in other sectors . In this time National Commercial Banks and PCB's provided 7.15 percent of their total credit and Private Commercial Banks provided 10.21 percent of total credit in other sectors . Though banking sector is the life - blood of our financial system, functional arena of bank is rather narrow than wide range and performance of handsome banks is not quite good . Bangladesh government has taken different types of reform according to demand of era , but this types of reform don't make our banking system international standard . But we are not hopeless rather by taking steps we will reach our ambitious target.
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