Bangladesh Bank Governor Dr Ahsan H Mansur on Sunday said that not any single individual, but many are responsible for the failures in banking and financial sectors.
The Governor made the remark while inaugurating the golden jubilee celebration of the Bangladesh Institute of Bank Management (BIBM) at Mirpur in the capital.
"There is no doubt that the banking sector of Bangladesh has progressed a lot. But, despite our achievements, there are many failures regarding how far the banking sector or the entire financial sector could have gone," he said.
He also thinks not a single person can be solely blamed for the failures.
"The failure in the banking and financial sectors cannot be attributed to a single person alone; rather, the responsibility lies with all of us involved to some extent.”
Ahsan Mansur also hoped that the financial institutions will play a stronger role in financing the non-conventional and new sectors.
"The banks don't show much interest in financing some nonconventional sectors like SMEs and new sectors like climate financing and green financing."
"Money is given for many sectors, but that money is not being allocated. Those running banks and financial institutions are not enthusiastic about these sectors or unwilling to take risks. We need to change our mindset here," he said.
Dr. Ahsan Mansur, also the BIBM Governing Board Chairman, asked the BIBM to work on the banking sector's new challenges like climate financing, green financing, developments in the financial sectors, and technological innovations.
"The banking sector will quickly turn around. This sector will rise. Protection of depositors and investors must also be ensured," he said.
Like BIBM, noting such institutions are necessary for the development of the banking sector, he said BIBM has played an important role in building human resources in this sector.
The Governor also asked the BIBM to pay attention to attracting foreign students and spreading its name and fame to the international arena.
With BIBM Director General Md Akhtaruzzaman in he chair, the inaugural session was also addressed by MD and CEO of The City Bank Mashrur Arefin, while Dr. Shah Md Ahsan Habib presented the keynote paper.
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