No bank to be shut down: Dr Salehuddin

Finance Adviser Dr Salehuddin Ahmed on Tuesday said that no bank would be shut down in the country as some banks are recovering well and others may continue to struggle.

“We’re trying and corrections are being made in the banking sector… Islami Bank is on the path to recovery. The interim government has no intention of closing any bank,” he said while addressing a press conference at his ministry at Bangladesh Secretariat in Dhaka on Tuesday.

The Finance Adviser said one of the primary goals of the interim government is to stabilise the banking sector and restore the lost trust while ensuring the protection of depositors.

Mentioning that honest businessmen have no reason to fear, he said adding those who repay their loans properly and pay taxes will face no problem.

“Those who exploited various loopholes during the previous government’s tenure are the ones who are afraid of now,” Dr Salehuddin added.

Finance Secretary Dr Khairuzzaman Mozumder, Economic Relations Division Secretary Shahriar Kader Siddiky, National Board of Revenue Chairman Md Abdur Rahman Khan and Financial Institutions Division Secretary Nazma Mobarek were present at the press conference, among others.