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Chittagong Port is facing significant challenges due to the financial instability of several private sector banks in Bangladesh. The port has substantial funds—over Tk 5,796 crore—deposited in fixed and current accounts across various banks, including First Security Islami Bank, Union Bank, Global Islami Bank, Social Islami Bank, and Padma Bank. However, these banks are struggling to cash pay orders, leading to concerns about the port’s financial management and project funding.
The Chittagong Port Authority (CPA) has already requested the return of deposits from these banks, but there has been little response. This situation is causing disruptions in the import-export trade as stakeholders and agents avoid dealing with these troubled banks, resulting in delays and operational inefficiencies.
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