Published: 12:10 AM, 21 May 2026
Banks are suffering serious capital deficit: Finance Minister
Finance Minister Amir Khosru Mahmud Chowdhury on Wednesday said that many companies and banks are now suffering from serious capital deficits as a result of plunder, poor economic management, weak financial discipline, and the failure of regulatory institutions.
The minister made the remarks at the Financial Accounting and Reporting (FAR) Summit 2026 at a hotel in Dhaka on Wednesday.
The summit was organised jointly by the Financial Reporting Council (FRC) Bangladesh, the Institute of Chartered Accountants of Bangladesh (ICAB), and the Institute of Cost and Management Accountants of Bangladesh (ICMAB), aiming to bring transformative change in corporate governance and macroeconomic stability.
The veteran leader pointed out that money laundering, misrepresentation of data and insider collusion -- where board members took away money in the name of bank ownership -- are the primary drivers behind this banking crisis.
Emphasizing the importance of proper price discovery and asset valuation, he warned that the existing weaknesses have contributed to a serious capital deficit in both the banking industry and the private sector.
Despite the challenges, he highlighted growing international interest in Bangladesh's economy, revealing that major global fund managers, including JPMorganChase and investment funds based in London and Hong Kong, have shown strong interest in investing in Bangladesh.
FRC Chairman Dr. Md Sajjad Hossain Bhuiyan delivered the keynote address at the summit, which brought together senior government officials, accounting professionals, auditors, valuers, actuaries, and business leaders.
