CGD Policy Blogs
Contrary to the reassuring February 28 update I posted yesterday, there are reports of accelerating withdrawals from the Grameen Bank in the last couple of weeks. So far the numbers represent perhaps 0.3--3% of the bank's reported 103 billion taka ($1.46 billion) deposit base, which is worrying given the potential for rapid increase. News of withdrawals feeds withdrawals.
After dropping for the first time (albeit slightly) in January, Grameen's deposit base reportedly held steady last month. Below is the updated graph. I know of no other major microfinance institution that provides such high-frequency data. This offers some reassurance against the fear I raised before that a bank run would develop, at least as of 10 days ago.