United News of Bangladesh

Bangladesh Bank Governor Dr Ahsan H. Mansur said all Islamic banks will be merged into two entities. He said, ‘political interference in banks will be stopped so that no one can establish a reign of loot.’ He said this at the 10th Annual Banking Conference at BIBM at Mirpur on Wednesday. The governor said, ‘Both banks and non-bank financial institutions need reforms because of irregularities, scams and failure of good governance.’ Foreign investors express keen interest in Bangladesh: BIDA For this, after the political change on August 5 last year, Bangladesh Bank took the initiative to form a task force, introduce new laws and amend existing laws such as the Bank Companies Act, he pointed out. As a result, some of the looted banks have started to turn around, but several banks are in a state of collapse, said  Mansur. Noting that the condition of all banks is not bad, but the condition of those that are bad is very bad, he said. The governor said, "No one will be allowed to escape by looting bank money and political interference in banks will be stopped." He also said, "The central bank will intervene in the bank board in the interest of the customers and the board of another bank will be dissolved in the next few weeks.”

The Bangladesh Institute of Bank Management (BIBM) has awarded the Islami Bank Bangladesh, nine other banks, and five non-bank financial institutions (NBFIs) for their performance in sustainable finance. The awards were handed over at the 9th annual banking conference of the BIBM in Dhaka Sunday. Read: IBBL Rangpur holds Shariah compliance webinar Miftah Uddin, senior executive vice-president of the Islami Bank, received the award. The Islami Bank is a joint venture public limited company engaged in commercial banking business based on Islamic shariah. Established in 1983 as the first Islamic bank in southeast Asia, it is listed on the Dhaka Stock Exchange and Chittagong Stock Exchange. Read 10 banks, 5 NBFIs get BIBM awards for sustainable financial performance

The Bangladesh Institute of Bank Management (BIBM) has awarded 10 banks and 5 non-bank financial institutions (NBFIs) for their performance in sustainable finance. The banks are Bank Asia, Brac Bank, Dutch-Bangla Bank, Eastern Bank, Exim Bank, Islami Bank, NRB Bank, Pubali Bank, Southeast Bank, and City Bank. The NBFIs are Agrani SME Finance, Bangladesh Finance and Investment, Bangladesh Infrastructure Finance Fund, IDLC Finance, and IPDC Finance. Read: Certificates awarded for 61st BAF Flying Instructors’ Course The awards were handed over at the 9th annual banking conference of the BIBM in Dhaka Sunday. BIBM Director General Md Akhtaruzzaman, the International Center for Climate Change and Development Director Salimul Haque, GIZ Bangladesh Chief Advisor Firdaus Ara Hussain, and German Development Corporation Deputy Head Florian Hoelen were present at the award-giving ceremony. Bangladesh Bank Sustainable Finance Department Director Khandaker Morshed Millat, Economic Relations Division Deputy Secretary SM Mahbub Alam and BUILD CEO Ferdaus Ara Begum also joined it. Read Islami Bank gets BIBM award for sustainable financial performance