The governor labeled some official actions regarding bank mergers and the restructuring of struggling banks as a “conspiracy” and “propaganda.”
Bangladesh Bank Governor Ahsan H. Mansoor expressed concerns about “vested interests” attempting to derail the restructuring process of the merged banks, potentially aiming to return them to previous owners. He made these statements during a press conference held on February 25, where he addressed a recent protest involving the transfer of three officials and a show-cause notice issued against them.
Mansoor described certain administrative actions and communications from officials as unacceptable propaganda. He stated that despite receiving show-cause notices, some officials continued to campaign on social media, suggesting a move to control the situation outside of Dhaka.
“Maintaining organizational discipline is essential,” he noted, indicating that rules must be followed on the job. He emphasized that resignation isn’t on his agenda; he is committed to serving rather than simply working, even if he might have to resign quickly if necessary.
Regarding internal affairs, he mentioned that the government is being kept informed about the ongoing situation at Bangladesh Bank, and while they are managing it internally, they remain in consultation with the government.
He underscored the importance of reform in strengthening weaker banks, stating that the support from both the government and the central bank—amounting to Tk 32,000 billion—aims to protect 7.6 million depositors, whose funds are being returned in stages.
On the topic of bank mergers, Mansoor asserted that they don’t primarily concern employee unions but are decisions made for the greater good of the depositors. Many depositors have faced lengthy waits to access their funds, prompting intervention from the government and the Bank.
The governor also disclosed specific financial aid provided: Tk 20,000 crore from the government and Tk 12,000 crore from the Deposit Insurance Fund, emphasizing that while they cannot repay all at once, they have started restoring stability.
He noted that while some banks are performing better than others, they still require significant assistance. For example, the Export-Import Bank received liquidity support totaling Tk 9.5 billion, among other disbursements aimed at stabilizing the sector.
Addressing officials’ concerns about contractual appointments, he explained that such roles have always existed within the Bank and are not a new development.
Lastly, Mansoor discussed the corporate social responsibility (CSR) fund of Bangladesh Bank, revealing it holds between Tk 450 million to Tk 500 million, which is being allocated to various sectors like education and health. He also stated that the Bank achieved nearly Tk 24,000 crore in profits last year, surpassing the combined profits of the entire domestic banking sector.
