Islamic banks to be merged into 2 entities: BB chief
NN Online:
Bangladesh Bank (BB) Governor Dr Ahsan H Mansur announced on Wednesday that all Islamic banks in the country 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. Both banks and non-bank financial institutions need reforms because of irregularities, scams and failure of good governance.”
He made the announcement during the 10th Annual Banking Conference at BIBM at Mirpur.
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.”