Depositors returning to Islami bank: BB Governor

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur on Monday said that, depositors are returning to Islami Bank as liquidity support has been provided, and more assistance will be given if required. Bangladesh Bank will ensure that depositors do not leave empty-handed. Islamic banks have been stabilized to some extent. The deposit rates of a few weak banks are now positive. Some of the banks that are recovering have non-performing loans. However, it will take about one and a half to two years for these to reduce. The banks will also ensure that no new loans go into default. It will take about one and a half to two years for the banking sector to return to stability."

He also expressed support for having 50% independent directors in the management of banks, which will be in line with international standards.

During the announcement of the first monetary policy in 2025, along with providing financial assistance to establish good governance in banks, punishment will also be enforced. Preventive measures and ongoing monitoring will be in place to stop any financial corruption before it happens. Additionally, the central bank's supervisory activities will be brought under a single framework to ensure that any crime is stopped before it occurs in the future.

When asked whether action has been taken against those involved in the lack of governance in the central bank, the governor replied, "From the joining date to the present, if there were any hindrances in past reforms, there will be punishment. With cooperation, I do not want to create disorder by looking back. If there are any complaints about any official, the investigative agencies can look into it if they wish. The ACC (Anti-Corruption Commission) wanted to investigate, and Bangladesh Bank has provided assistance.