ABB calls for quick resolution of Islami Bank unrest

Bank executives have expressed concern over the ongoing instability at Islami Bank Bangladesh PLC, warning that the situation could have wider implications for the country's banking sector and calling for a swift resolution.

The concerns were raised during a Bankers' Meeting held on Wednesday under the chairmanship of Bangladesh Bank Governor Mostakur Rahman.

Speaking to journalists after the meeting, Association of Bankers, Bangladesh (ABB) Chairman Masrur Arefin said the issue of Islami Bank was discussed beyond the scheduled agenda due to its significance for the financial sector.

Bank executives attending the meeting noted that the challenges facing Islami Bank were affecting confidence in the broader banking industry and stressed the need for an early settlement of the matter.

The meeting also discussed several key banking-sector issues, including strengthening corporate governance, ensuring accurate reporting of defaulted loans to the Credit Information Bureau (CIB), and the utilization of a Tk 60 crore incentive fund.

Following the meeting, the Bangladesh Bank Governor, accompanied by chief executives of banks and mobile financial service providers, inaugurated a promotional campaign for the Bangla QR code system aimed at expanding digital payment services across the country.

TZ