Bangladesh Bank governor 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.
鈥楤anks 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,鈥� Mansur said while speaking at the inauguration of Islami Bank Bangladesh PLC鈥檚 400th branch in Ghatail, Tangail, on Saturday.
The governor expressed optimism about reinstating foreign investors, emphasising that Islami Bank has the potential to grow tenfold and reclaim its status as an international institution.
Islami Bank Bangladesh PLC continues to set a benchmark in the banking sector, driving rural and urban economic growth while upholding its commitment to Shariah-based and welfare-oriented banking.
The governor 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, Mansur said, 鈥業nflation 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.鈥�
