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Padma river erosion affected: BB asks banks to extend assistance

  • Published at 10:24 pm October 16th, 2018
web-Bangladesh bank-bb
The Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka Tribune

The financial institutions will extend the facility under their CSR schemes, the BB directive said

Bangladesh Bank (BB) on Tuesday asked all scheduled banks and non-banking financial institutions to provide financial assistance from their Corporate Social Responsibility (CSR) fund to the victims of Padma river erosion in the Naria upazila under the Shariatpur district. 

The financial institutions will extend the facility under their CSR schemes, the BB directive said.

The central bank issued the directive in a circular to the Chief Executive Officers and Managing Directors of scheduled banks and non-banking financial institutions.

“You all are informed about the recent river erosion in Naria under the Shariatpur district, which has washed away hundreds of houses and damaged scores of other establishments. The victims of the river erosion in the area are going through hard times, facing untold sufferings,” reads the circular.

In this regard you are requested to provide financial assistance to victims of the affected area. The directive will be effective immediately, it added.

According to sources, more than 2,000 houses, 500 business centres, several schools, mosques and other establishments have been washed away by the aggressive river erosion.

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