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Roundtable Discussion on relevance of Blockchain for Banks in Bangladesh held at BIBM


Written by Manager

Sunday 5th May 2019

Press Release
Dhaka, 28 April, 2019:
A day long roundtable discussion was held at the Bangladesh Institute of Bank Management (BIBM) on 28 April, 2019, in its auditorium. BIBM Muzaffer Ahmed Chair professor & Former Dhaka University Economics department professor Barkat-e-Khuda Chaired the Program. Dr. Prashanta Kumar Banerjee, Professor  & Director (Admin. and Accounts and R, D&C) of BIBM delivered inaugural speech.
A paper titled “relevance of Blockchain for Banks in Bangladesh" was presented in the Roundtable Discussion by Md. Mahbubur Rahman, Associate Professor of BIBM. Other members of the team are Kaniz Rabbi, Assistant Professor of BIBM;  Md. Asraful Alam, Country Project Coordinator United Nations Capital Development Fund (UNCDF) and  Nurul Ahmed, Chief Executive Officer, Naztech Inc.
A good number of participant’s senior bank executives, academicians, media representatives, faculty members, officers of BIBM participated in the roundtable discussion. 
S.M. Moniruzzaman, Deputy Governor of Bangladesh Bank was present in the rountable as the chief guest. Former Managing Director of Pubali Bank Limited Helal Ahmed Chowdhury; BIBM Supernumerary Professor Yasin Ali; Shyamol Boran Das, Chief Digital Officer of BRAC Bank Limited  spoke among others at the event.
Deputy Governor said, technology and banking have a close association. Both are complementary. We know that innovations are leveraging technology in unusual ways. In that process we do gain, nevertheless it is not uncommon that these innovations do inflict pain on the society.
BIBM Muzaffer Ahmed Chair professor & Former Dhaka University Economics department professor Barkat-e-Khuda said, Bankers should first know what blockchain is and how it works. They should know how other countries are benefiting from it. Besides, it is very important for the bankers to know how blockchain activities can be controlled. If not, the banking sector of Bangladesh will be lagging behind.
BIBM Supernumerary Prof. and Pubali Bank former MD Helal Ahmed Chowdhury said, the use of technology in banking sector is increasing gradually. In the era of globalization, we cannot use backward technology. So there is a need for capacity building and adequate security.
BIBM Supernumerary Prof. Md Yasin Ali said, The use of new technologies has to start right now. The first initiative will be taken by the central bank.
United Nations Capital Development Fund (UNCDF) Country Project Coordinator Md Ashraful Alam said,there is always a risk while using new technology. Many do not want to be attached to it. Bankers should know about the blockchain, as a result to get rid of such risks. 
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Members of the Institute

  • Bangladesh Bank
  • Sonali Bank Limited
  • Janata Bank Limited
  • Agrani Bank Limited
  • Rupali Bank Limited
  • Pubali Bank Limited
  • Uttara Bank Limited
  • Bangladesh Krishi Bank
  • Bangladesh Development Bank Limited
  • AB Bank Limited
  • National Bank Limited
  • Eastern Bank Limited
  • United Commercial Bank Limited
  • Islami Bank Bangladesh Limited
  • IFIC Bank Limited
  • Rajshahi Krishi Unnayan Bank
  • Standard Chartered Bank
  • Dutch-Bangla Bank Limited
  • Mercantile Bank Limited
  • ONE Bank Limited
  • Al-Arafah Islami Bank Limited
  • National Credit and Commerce Bank Limited
  • Trust Bank Limited
  • Southeast Bank Limited
  • Social Islami Bank Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • Standard Bank Limited
  • Export Import Bank of Bangladesh Limited
  • Mutual Trust Bank Limited
  • BASIC Bank Limited
  • Jamuna Bank Limited
  • Bank Asia Limited
  • First Security Islami Bank Limited
  • The City Bank Limited
  • Prime Bank Limited
  • Dhaka Bank Limited
  • Investment Corporation of Bangladesh
  • Bangladesh Commerce Bank Limited
  • BRAC Bank Limited
  • The Premier Bank Limited
  • Shahjalal Islami Bank Limited
  • State Bank of India
  • Habib Bank Limited
  • Commercial Bank of Ceylon PLC
  • Bank Alfalah Limited
  • Citibank, N.A.
  • National Bank of Pakistan
  • South Bangla Agriculture and Commerce  Bank Limited
  • Meghna Bank Limited
  • Woori Bank
  • NRB Commercial Bank Limited
  • Union Bank Limited
  • The Farmers Bank Limited
  • NRB Bank Limited
  • Shimanto Bank Limited
  • Bangladesh House Building Finance Corporation
  • Non Member NBFI
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