Finance Minister AMA Muhith on Thursday said now there is no possibility of any stock market collapse and plundering money from the capital market.
“The stock market collapsed in 2010. After various measures taken by the government, the capital market has become stable over the last three years,” he said at the annual business conference of Bangladesh Development Bank Limited (BDBL) at Sonargaon Hotel in the afternoon.
Terming the capital market in Bangladesh very stable, Muhith said share market fluctuations are found all over the world, but now there is no possibility of sudden collapse of the capital market in the country.
He hoped that the capital market will become more stable in a couple of years.
The Finance Minister urged the BDBL to join the stock market, with a view to raising capital to extend its banking services all over the country.
The BDBL was constituted merging two financial institutions and it is running its operation carrying the burden of the past, he said, adding that a way will be found so that BDBL can get loans on soft terms.
State Minister for Finance MA Mannan, Banking and Financial Institutions Division Secretary Dr M Aslam Alam and BDBL chairman Shanti Narayan Ghosh also spoke at the conference.
Source: UNB Connect
