The stability of Islami Bank Bangladesh PLC (IBB) is an indispensable element for the country’s overall economic health, said Mohammad Zahir Hussain, Executive Director of Bangladesh Bank and authorized representative for the bank's board affairs.
"Islami Bank is a systemically important bank in Bangladesh's financial system. This institution is closely inter-related with the country's imports and exports, remittance, foreign trade, the businesses of millions of entrepreneurs, and the financial activities of crores of people," he said.
He made the remarks as the chief guest during an exchange of views meeting with the officials and employees of IBB held at the Islami Bank Tower in Motijheel on Wednesday. Senior executives from the head office attended the meeting in person, while employees from branches across the country joined via a virtual platform.
Reflecting on the challenges faced by the country's largest private commercial bank in recent times, the central bank representative assured employees that the institution's core strengths remain intact.
"Over the past few years, this bank has faced various adverse situations. However, the real strength of an institution is never lost; that strength can be revived through proper leadership, correct guidance, and collective efforts," Hussain added.
He noted that Bangladesh Bank has recently taken several critical and timely decisions to safeguard the country's overall financial stability. Moving forward under the central bank's guidance, IBBPLC's operations will be conducted entirely on the principles of professionalism, transparency, and accountability, he said.
Hussain also revealed that the regulatory body is working toward forming a strong, efficient, and widely acceptable Board of Directors for Islami Bank in due course. He urged all officers to discharge their duties with the highest level of honesty and professionalism.
The meeting was presided over by Md. Altaf Hossain, Acting Managing Director of Islami Bank. Additional Managing Directors Engr. Mohammad Jamal Uddin Mazumder and Dr. M Kamal Uddin Jasim also addressed the gathering.