Bangladesh Bank (BB) Governor Fazle Kabir has asked the bankers to follow maximum caution to reduce the bad loans in the banking sector.
The central bank chief was speaking at the launching ceremony of the BB’s annual “Financial Stability Report 2018” at its headquarters in Dhaka on Tuesday (May 28).
Kabir said, ‘In 2018, the capital adequacy and liquidity of the banking sector was more than the minimum required rate. Bankers should maintain the highest caution to reduce the bad loans in the banking sector.”
In spite of the global slowdown and the relative risks, Fazle Kabir said, the overall macroeconomic situation of Bangladesh is stable due to growth oriented policy supports as well as the strong fiscal management in the country.
As one of the fastest growing economies in the world, he said, Bangladesh is now more involved with the world economy compared to any previous time.
“Many changes in financial, trade and politics around the world create opportunities for us,” he said and suggested the financial service providers to remain deeply focused on the pace and nature of various changes in the world economy.


BB senior officials and chief executives of banks and financial institutions were present at the report launching ceremony.