Dhaka, Bangladesh (BBN)– Banks are currently going through serious liquidity crisis and as a result, the private sector is not getting the required credit facilities to meet their investment and working capital fund. 
“Therefore, it is essential that the bankers learn more about the treasury management for proper utilization of limited fund,” said ICCB President Mahbubur Rahman while inaugurating the Workshop on Treasury Management organized by ICC Bangladesh, supported by Standard Chartered Bank in Dhaka on Saturday.
Despite world recession developing Asia’s growth in 2011 was recorded at 9.5 percent. Asia, with a solid global market and a large pool of foreign exchange reserves, has proven to be the shining light in a gloomy and uncertain world economy, say experts. 
Asia’s prospects are likely to be affected by the West. However, it is opined that the rising Asia appears to be able to help save the world from the shrinking economy. 
In line with Asian economies, Bangladesh’s performance has so far been quite resilient to global economic meltdown. Its macroeconomic performance was better than expected and regionally its performance had been one of the best, Mahbubur Rahman added.
ICCB President Mahbubur Rahman mentioned that Treasury Management is the management of cash, fund, currency, bank and financial risk. So, it is an imperative tool of finance. It handles actual cash management at companies, and one of its main functions is to establish the optimum cash level so that payments can be made and received as necessary for the proper operation of the company. 
BRAC Bank Chairman and Bangladesh Association of Banks Vice Chairman Muhammed A. (Rumee) Ali in his address said recently in UK manipulation of London Interbank Offered Rate (LIBOR) created panic among the consumer of the banks and its ultimately spreading all over the world. 
He also mentioned that recent change in provisioning requirement by our central bank for the commercial bank may compel banks to draw upon their capital to meet their requirements. He suggested the central bank to make details study on it. 
Standard Chartered Bank CEO Jim McCabe in his speech said global economic turbulence has lead to realignment and changed in global financial architecture. Standard Chartered has weathered this storm much better than most of our peers worldwide. 
This gives us a vantage point in guiding financial innovation in a manner which is sustainable by combining our global capability, deep local knowledge and creativity. Our effort today is towards that end, added Mr. Jim. 
The workshop was jointed conducted by Samiran Chakraborty, Head of Research, Standard Chartered Bank, Mumbai, Alamgir Morshed, Head of Global Markets, Standard Chartered Bank Bangladesh and Biswajeet Sengupta, Head of Financial Market Sales for Bangladesh and Eastern India.
 
BBN/SSR/AD-15July12-8:50 am (BST)