Bangladesh’s banking sector has long been going through a difficult time as a majority of banks are plagued by challenges stemming from a lack of corporate governance. But Bank Asia Ltd stands out thanks to its unwavering focus on following rules strictly under the leadership of a strong board of directors led by A Rouf Chowdhury.
Doing business in Bangladesh may not be all smooth sailing this year as the global economy will continue struggling with sanctions centring the Russia-Ukraine war and ripple effects of Covid-19, according to businesspeople.
Businesses have expressed discontent at Bangladesh Bank setting a private sector credit growth target of 14.1 per cent for 2022-23 that is lower than the just-concluded fiscal year.
Lawmakers, who are the people’s representatives, often fail to play any role in creating the budget in a constitutional manner. And so, only the finance minister’s decisions are reflected in the budget proposal, said speakers at an event yesterday.