No industry would be allowed to shut for guilty entrepreneurs: BB Governor

Reported By: ST Report Posting Time: 2024-11-18 22:23:35 Catagory: Bank
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No industry would be allowed to shut for guilty entrepreneurs: BB Governor

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur said that the central bank will not allow any industries to be closed for the fault of its entrepreneurs.
He said the institutions are national assets. Here, arrangements will be made to run the institutions whether the actual owner is there or not. Because many people are working in these institutions, they (companies) have a relationship with banks as they have a relationship with manufacturing, which cannot be separated.
The governor said this while speaking at a press conference at the central bank headquarters on Monday to brief journalists on the latest update on the banking sector.
He said Islami Bank is a turnaround and the bank collected around Tk5000 crore under the new board of directors restructured by the BB.