The state-owned Agrani Bank Ltd is borrowing from money market to operate its financial activities as it faces a moderate shortage in liquidity.

According to the central bank’s data, Agrani Bank Wednesday borrowed Tk 11.74 billion, the highest amount for a single bank in a day.

Another state-owned Sonali Bank borrowed Tk. 3.80 billion on the day. But the other state-run Janata Bank and Rupali Bank lent Tk 2.75 billion and Tk. 6.05 billion respectively as they have slightly surplus liquidity.

Bangladesh Bank figures showed that the call money rate for overnight borrowing, however, remained stable for past few months.

As of 12th this month, the highest lending rate reached 10 percent while the lowest rate was 7.05 percent, which implies that the lending rate on an average was 8.35 percent.

Among the private banks, Prime Bank Ltd borrowed highest amount of Tk 10.62 billion Wednesday, followed by Mercantile Bank’s Tk 6.09 billion and Eastern Bank’s Tk 4.95 billion.

The private banks that lent money were Trust Bank Ltd Tk 11 billion, United Commercial Bank Tk 9.89 billion and City Bank Tk. 6.90 billion.

A number of 18 financial institutions (FIs) borrowed from money market with Investment Corporation of Bangladesh (ICB) borrowing the highest amount of Tk. 3.85 billion, showed BB data.

News: The Daily Sun/Bangladesh/13th-Dec-12