News & Events

Online Banking Review Workshop on Trade Services Operations of Banks held at BIBM

Written by Manager

Wednesday 2nd September 2020

Press Release
Dhaka, 02 September, 2020:
A half day long  live Online Banking Review workshop was held at the Bangladesh Institute of Bank Management (BIBM) on 02 September, 2020. S.M. Moniruzzaman,  Chairman of BIBM Executive Committee and Deputy Governor of Bangladesh Bank was present in the program as the chief guest.  Dr.Md. Akhtaruzzaman, Director General of BIBM Chaired the Program. 
A paper titled ‘Review of the Trade Services Operations of Banks in Bangladesh’ was presented in the program by Dr. Shah Md. Ahsan Habib, Professor & Director (Training) of BIBM. Other members of the research team are Md. Rafiqul Islam, Director (Admin & Accounts) of BIBM & General Manager of Bangladesh Bank; Antara Zareen, Asistant Professor of BIBM; Tofayel Ahmed,Assistant Professor of BIBM; Mohammad Anisur Rahman, Deputy General Manager of Bangladesh Bank; Kamal Hossain, Deputy General Manager of Bangladesh Bank; Md. Mokaddem Ahamad, Deputy Director of Bangladesh Bank; Mahmudur Rahman, Senior Vice President of Islami Bank Bangladesh Limited and A.T.M. Nesarul Hoque, Vice President of Mutual Trust Bank Limited.

Professor Barkat-e-Khuda, Dr.Muzaffer Ahmed Chair Professor  of BIBM; Mohd. Humayun Kabir, Executive Director of Bangladesh Bank; Mohammad Shams-Ul Islam, Managing Director & CEO of Agrani Bank Limited; Md. Mahbub-ul-Alam, Managing Director & CEO of Islami Bank Bangladesh Ltd; Ahmed Shaheen, Deputy Managing Director of Eastern Bank Limited; Muhammad Shohiduzzaman, Country Head of Global Trade, and Receivable Finance (GTRF) of HSBC spoke among others at the event.
According to the study, Covid-19 scenario points to the necessity of purchase/sale contracts vividly in international trade transactions. In this context of Bangladesh, in most cases, the contract or purchase/sales contracts have not been legally enforceable for ensuring optimum protection. For sound purchase/sale agreement, it is essential to have coverage of a regulatory framework. Alongside ratifying the UN Vienna Convention on Contract of Sale (CISG), there should be clear instructions regarding transaction with the other non-ratifying countries. This is particularly important in the context of Bangladesh as in several instances back-to-back LCs are opened against contact; and a set of modified form of open account transactions has been allowed in recent times. Moreover, UNIDROIT principles should be ratified as the soft law to handle contract related disputes. It is to be mentioned here that most of the trading partners of Bangladesh are the signatories of CISG and UNIDROIT principles.
Study said, Shadow banking might be a critical upcoming area to be addressed by the regulatory and supervisory authorities of the financial sectors throughout the globe. Not different from the other global economies, launching of innovative and technology linked products would expand the size of shadow banking activities and transactions in the country. The open account linked supply chain trade financing may also have shadow components. Shadow banking is neither illegal nor unethical, however, are less regulated and supervised. The evolving shadow banking areas should be under strict monitoring of the regulatory authority for avoiding any unexpected development and malpractices. 

A good number of participants including senior bank executives, academicians, media representatives, faculty members of BIBM took part in the Facebook live review workshop.

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