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Bangladesh Bank Governor Ahsan H Mansur announced plans to merge struggling smaller Islamic banks into two larger ones to foster competition. Speaking at the 10th Annual Banking Conference 2025, he acknowledged regulatory gaps in Islamic banking and emphasized efforts to align with international standards. He also highlighted revisions to digital banking licenses to promote financial inclusion through small and nano loans.
On money laundering, Mansur vowed serious consequences for those involved in laundering funds from Bangladesh, both domestically and internationally. He emphasized the central bank’s commitment to recovering laundered money and implementing strong regulatory actions to ensure proper governance in banks. Several underperforming bank boards have already been dissolved, and reforms under the Bank Company (Amendment) Act 2023 aim to improve governance.
Mansur also stressed the rapid growth of mobile financial services (MFS), with Nagad reaching record transaction volumes. The governor reaffirmed his dedication to strengthening the banking system and addressing financial instability in banks with negative capital.
BIBM Director General Md Akhtaruzzaman discussed the evolving challenges of digitalization in the banking sector and the importance of embracing technologies like AI, blockchain, and green finance for a sustainable future.
