Bangladesh Bank Governor Mostakur Rahman has emphasized the need to keep the country’s banking sector free from political influence. Speaking on Monday at the central bank’s headquarters during a courtesy meeting with editors of national newspapers, he said that ensuring professionalism, accountability, and good governance in bank management and loan distribution is the main goal of current reform efforts. Deputy governors of Bangladesh Bank were also present at the meeting.

During the discussion, the central bank presented its ongoing initiatives to reduce non-performing loans, strengthen weak banks, advance digital transformation, and maintain financial stability. The governor stated that the restructuring and merger process of weak banks is underway, with administrative and managerial changes already implemented. He added that the process will accelerate once improvements to core banking systems are completed.

Rahman further noted that amendments to the Money Loan Court Act are being pursued to expedite loan default cases, and a new law is being drafted to manage uncollectible loans. He also mentioned that assets worth 25 million dollars have been seized in the United Kingdom and efforts are ongoing to repatriate the funds.