Page 68 - ICE BUSINESS TIMES January 2020

Banking Woes

BANK

NEW YEAR'S

RESOLUTIONS

FOR BANGLADESH

a
BANK

By Nasirra Ahsan

new year is an opportunity to wipe the slate clean and start fresh. It’s also a
good time to reflect on our actions in the previous year to learn from our
mistakes and make resolutions to be our best self in the upcoming months. If we
were to extend these practices to Bangladesh Bank, what lessons can be learned
from their actions in 2019 and what should they be doing differently in 2020?
2019 has been a bumpy ride for Bangladesh Bank, as news about scams in state
owned banks (and even in private banks), rising cronyism and skyrocketing
non-performing loans made headlines. It also did not help that Bangladesh
Bank has been making policy changes which has not encouraged loan defaulters
or taken precautionary steps to curb scams in the bank.

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