BB orders banks to display 'Yes' vote banners ahead of referendum
Bangladesh Bank also suggested using banks’ CSR funds to support NGO-led referendum awareness programmes
The Bangladesh Bank has instructed all banks to put up two banners in each branch to raise public awareness and encourage a 'Yes' vote in the upcoming referendum.
The directive comes as part of a broader set of measures aimed at maintaining the stability of the banking sector and boosting public confidence.
The decisions were finalised at a meeting held today (11 January) at Bangladesh Bank presided over by Governor Ahsan H Mansur. Four deputy governors and managing directors of all private banks attended the meeting.
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According to sources present at the meeting, the Chief Adviser's Office has already issued instructions regarding the banners.
In addition to the banners, Bangladesh Bank suggested that banks could use Corporate Social Responsibility (CSR) funds to support NGO-led public awareness programmes focused on the referendum.
Governor Mansur also emphasised proactive risk management in expanding microloans and digital nano loans, warning banks to ensure that new lending does not create future default risks.
School banking activities will also be strengthened, with each branch manager required to visit schools at least twice a year to promote student account openings.
The meeting highlighted the rise in foreign exchange reserves and anticipated remittance flows ahead of Ramadan and Eid-ul-Adha, with ongoing efforts to facilitate foreign investment and simplify approvals for opening offices abroad.
Work is also underway to reform the Foreign Exchange Regulation Act.
On the matter of interest rates, Bangladesh Bank said reductions are not possible at present due to ongoing inflation, but officials are exploring ways to lower rates in the near future.
After the meeting, City Bank Managing Director Mashrur Arifin told the media, "With the referendum approaching, the stability of the banking sector and public confidence are paramount. Bangladesh Bank has provided clear instructions to continue reducing non-performing loans and prevent new risks. We are committed to implementing these measures."
