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BB undertakes extensive reforms to restore stability in banking sector

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur today said that the central bank has already undertaken extensive reforms to restore stability in the banking sector, curb inflation, and stabilise the exchange rate despite facing multifaceted challenges.

"Despite the difficulties, the financial sector is moving toward a more sustainable footing with visible progress," he emphasised.
The governor was addressing the dissemination seminar on the publication of the Bangladesh State of the Economy 2...

Pricing distortions undermine debt market

A new diagnostic published last week by the International Monetary Fund (IMF) and the World Bank has urged Bangladesh to undertake a series of urgent and comprehensive reforms to strengthen its local currency bond market (LCBM), warning that persistent structural weaknesses continue to limit the country’s capacity to mobilise stable domestic financing.

The high-level technical assistance report, Ban...

BB unveils 2-phase refund plan

Bangladesh Bank has laid out a clear two-phase mechanism for depositors of five merging Shariah-based banks to recover their funds, prioritising small savers and ensuring the security of all deposits as the banks are consolidated into a single new entity.
Governor Dr Ahsan H Mansur provided the assurance to UNB on Thursday, urging depositors to have ‘nothing to worry about’ as the central bank is committed to safeguarding their money.

No Compensation for S...

Five-bank merger to create strongest financial entity

Bangladesh Bank (BB) Governor Ahsan H Mansur today said that the central bank has officially initiated a significant resolution process involving five commercial banks, marking the commencement of a planned merger intended to strengthen the country's banking system.

“The five institutions in question have been deemed non-viable, having concluded that they can no longer function effectively or maintain capacity,” he said. Formal letters regarding the resolution were issued to the company secretaries of the respec...

Audit uncovers Tk 1.55 lakh crore shortfall

Bangladesh’s banking sector is struggling with a deepening crisis, as the latest independent audit for the June quarter exposes a collective capital shortfall exceeding Tk 1.55 lakh crore. Experts warn that restoring stability and achieving a standardised balance will require significant time and concerted effort. This alarming deficit highlights a growing systemic crisis driven by a dramatic surge in non-performing loans (NPLs) across the industry.

Irregular hiring costs Islami Bank Tk 10,000cr loss

Islami Bank Bangladesh PLC is facing a severe financial and managerial crisis due to years of irregular recruitment under the S. Alam Group, according to officials. The bank’s management has recently begun efforts to restore order by assessing the competency of thousands of unqualified staff who were reportedly hired without proper procedures.
Kamal Uddin Jasim, Additional Managing Director (AMD) of Isl...
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