Bank executives have expressed concern over the ongoing instability surrounding Islami Bank Bangladesh PLC, warning that the situation could have broader implications for the country’s banking sector and urging a swift resolution.
The concerns were raised at a Bankers’ Meeting held on Wednesday under the chairmanship of Bangladesh Bank Governor Md Mostakur Rahman.
Speaking to reporters after the meeting, Association of Bankers, Bangladesh (ABB) Chairman Masrur Arefin said the issue of Islami Bank was discussed beyond the meeting’s scheduled agenda due to its importance for overall financial sector stability.
Participants at the meeting noted that the ongoing challenges at Islami Bank were undermining confidence in the wider banking system. They stressed the need for early and effective steps to resolve the matter and restore stability.
In addition to this issue, the meeting also discussed several key banking sector concerns, including the strengthening of corporate governance, ensuring accurate reporting of default loans to the Credit Information Bureau (CIB), and the effective use of a Tk60 crore incentive fund.
Following the discussion, Bangladesh Bank Governor Mostakur Rahman, along with chief executives of banks and mobile financial service providers, inaugurated a promotional campaign for the Bangla QR code system. The initiative aims to expand digital payment usage and strengthen cashless transaction systems across the country.
