Economic Reporter :
Bangladesh Bank (BB) recently appointed observer to Bangladesh Krishi Bank (BKB) with a view to ensuring better monitoring of this specialised bank, said a Senior Bangladesh Bank Official.
“It would help improve the bank’s performance and financial health”, he said.
The central bank in a directive appointed Md Shah Alam, General Manager of Department of Financial Institutions and Markets, as the observer of BKB with immediate effect.
Earlier on November 18, the central bank sent four observers to four state-owned commercial banks (SCBs) – Sonali Bank, Janata Bank, Agrani Bank and Rupali Bank.
The observers have been appointed to monitor the banks’ efforts to improve their financial health that they promised to do under the memorandum of understanding (MoU) signed earlier with BB.
In 2013, the state-owned banks signed separate memorandum of understanding with the central bank to improve their financial health through mitigating the risks of fraud.
