The International Monetary Fund (IMF) has suggested disclosure of full data on risky loans of the banking sector.
Besides, the financial health of the banks and the report of the inspection done on it have been asked to be open to the customers. Demands have also been raised on behalf of the organization to increase inspections to prevent irregularities and mismanagement.
The IMF delegation raised these demands in a meeting with Bangladesh Bank officials on Sunday (April 28).
According to the meeting, bad assets are increasing in the banking sector of the country. Several banks have become very weak. The Governor himself has admitted this. According to IMF, customer deposits of these banks are at risk. To deal with the situation, the agency has advised the banks to release the full report of risky assets for the customers. In this, the customers themselves can take measures to ensure the security of the deposit.
On this day, the organization wanted to know whether the Central Bank’s inspection of the financial health of the bank is continuing or not. Clarification has also been sought on whether the inspection reports are made available to consumers or not. At the same time, the members of the IMF delegation suggested to increase the quality and quantity of inspections to prevent corruption and irregularities.
Some senior officials of Bangladesh Bank said in this regard, according to the conditions of the IMF, the bank has an obligation to disclose information on bad assets. We have already released a lot of information. The delegation also asked about the central bank’s role in those matters, which they suggested should be disclosed. According to the condition of reducing the defaulted loans by June 2026, the organization wanted to know the steps taken by Bangladesh Bank to recover the defaulted loans.
EAR/MHR/GKS
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