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Asia-PacificJanuary 2 2006

What the bankers say: Bangladesh

The Banker invites CEOs from around the world to discuss the economic climate in their country and institution, and their hopes for the future
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Janata Bank, S M Aminur Rahman, MD

1. What makes your country attractive to investors ?

Bangladesh offers generous opportunities for investment under its liberalised industrial policy and export-oriented, private sector-led growth strategy.

 2. What are the economic prospects for your country over the next three to five years?

The government of Bangladesh is keen to stimulate and transform the poverty-stricken national economy into a newly industrialising economy within the next three to five years.

3. How do you foresee the financial sector in your country changing ?

The asset quality of the banking system was improved with a healthy return on assets and equity. Private banks’ share of the market has increased.

The central bank has already started reforming the financial sector, with the help of the World Bank. It has introduced Basel I and is preparing to introduce the Basel II capital accord by 2008. So fair disclosure is in the offing.

 4. What role will your bank play in your country’s future development?

Reform of the banking system will make Janata Bank able to invest in more profitable ventures after assessing risks and performing due diligence. We presume this would help to create more job opportunities.

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Read more about:  Asia-Pacific , Bangladesh