Bangladesh Bank (BB) Governor Dr Ahsan H Mansur has said that several banks, which were on the brink of bankruptcy, are now making significant strides in recovery due to strengthened regulatory measures and improved management practices.
“Banks are not private or family entities; they belong to everyone. Depositors are the true owners of banks. Among the 10 banks that were on the brink of bankruptcy, many have managed to bounce back,” Dr Mansur said while speaking at the inauguration of Islami Bank Bangladesh PLC’s 400th branch in Ghatail, Tangail, on Saturday.
He also addressed issues of money laundering, assuring that efforts are underway to retrieve assets from those who have fled abroad with illicit funds.
About inflation, Dr Mansur said, “Inflation remains high, but we are working to bring it down. By June next year, we aim to stabilise the rate to a more acceptable level.”
Praising Islami Bank’s achievements, the governor said, “Islami Bank is the leading bank in the country. It holds the trust of millions, and its progress is vital for the nation’s economy. Within the last five months, Islami Bank has substantially improved its position, attracting Tk 7,000 crore in new deposits and maintaining its top position in remittance collection. This bank will not look back.”
He expressed optimism about reinstating foreign investors, emphasising that Islami Bank has the potential to grow tenfold and reclaim its status as an international institution.
bd-pratidin/GR
