The Association of Bankers, Bangladesh, a platform representing bank chief executives, has expressed deep concern over the ongoing instability surrounding Islami Bank Bangladesh PLC, warning that the crisis is damaging confidence across the country’s financial sector.

‘The situation at Islami Bank is no longer isolated; its negative impact is being felt across the banking sector. As a result, bankers are seriously concerned,’ said ABB chairman and City Bank managing director Mashrur Arefin, following a high-level meeting with the Bangladesh Bank governor.

Arefin noted that the central bank governor now views the matter not only as a banking issue but also as a political concern, adding that efforts are underway to resolve the crisis through a consensus among stakeholders.

During the meeting, the governor reiterated his firm stance on restoring corporate governance across the banking sector.

He urged bank chief executives to resist political pressure and strictly directed them to ensure accurate, untampered data submissions to the Credit Information Bureau.

The discussions also focused on expanding credit flow within the financial sector to stimulate economic activity.