News & Events

Second A K N Ahmed Memorial Lecture on Central Banking Banking held in BIBM

Written by Manager

Wednesday 26th June 2019

Press Release
Dhaka, 25 June,2019
Second A K N Ahmed Memorial Lecture on Central Banking held in Bangladesh Institute of Bank Management (BIBM).  BIBM organized the A K N Ahmed Memorial Lecture for second times styled `Central Banking ' at its office at Mirpur in the capital on 25 June,2019. Eminent economist Dr. Mirza Azizul Islam, Former Advisor, Ministries of Finance and Planning, Caretaker Government of people’s Republic of Bangladesh and Professor, BRAC Business School, BRAC University delivered keynote speech at this program.

Fazle Kabir, Governor of Bangladesh Bank presided over the session while BIBM Director General and Executive Director of Bangladesh Bank Md. Nazimuddin made address of welcome. He emphasis on strengthening of central bank.

A good number of participant’s senior bank executives, academicians, media representatives,  former advisor of caretaker government of Bangladesh  participated in the Second A K N Ahmed Memorial Lecture program.

In his keynote speech, Mirza Azizul Islam said, Bangladesh Bank can exercise control partially over broad money and how does broad money affect interest rate. As he states, elements of net foreign asset like net inflows through exports, imports, remittances and foreign capital cannot be effectively controlled by Bangladesh Bank. Bangladesh Bank cannot also exercise control over government borrowing though it can advise. Possibly more or less it is true for all central banks particularly in countries like Bangladesh.  

He also said, as acceleration of GDP growth remains the overriding development objective of Bangladesh, tightened policy stance is out of question. He adds that higher money supply growth relative to the preceding year is accompanied by higher interest rate indicating the transmission channel does not work well. 
BB Governor Fazle Kabir said, monetary policy has emerged as an important tool of economic policy in both developed and developing countries although the challenges for monetary policy are being changed continuously.  Bangladesh Bank watches both broad money growth and interest rates as intermediate targets while its monetary policy is formulated for ensuring sustainable growth and moderate/tolerable inflation consistent with Samuelson’s prescription. 
Fazle Kabir hopped that the Memorial Lecture will motivate young bankers to learn about central banking and patriotism and will move towards more professionalism in future.

Late A.K. N Ahmed was the second Governor of Bangladesh Bank. He served Bangladesh Bank as a Governor from November 1974 to July 1976.

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