Bangladesh Institute of Bank Management (BIBM) organised an online review workshop on trade services operations of banks on Monday.
Ahmed Jamal, Chairman of BIBM Executive Committee and Deputy Governor of Bangladesh Bank was present in the review workshop as the chief guest.
Mohammed Sohail Mustafa CFA, Associate Professor & Director (Training & Certification Program) of BIBM delivered welcome address.
Dr. Md. Akhtaruzzaman, Director General of BIBM Chaired the Program. A paper “Trade Services Operations of Banks” was presented in the review workshop by Dr. Shah Md. Ahsan Habib, Professor (Selection Grade) of BIBM.
The members of the research team include Antara Zareen, Assistant Professor of BIBM; Tofayel Ahmed, Assistant Professor of BIBM; Rahat Banu, Assistant Professor of BIBM; Md. Mokaddem Ahamad, Joint Director of Bangladesh Bank.
Dr. Barkat-e-Khuda, Dr. Muzzafer Ahmed Chair Professor of BIBM & Former Professor of Dhaka University; Md. Ahsan Ullah, Supernumerary Professor of BIBM; Humaira Azam, Managing Director & CEO of Trust Bank Limited and Md. Omar Faruk Khan, Additional Managing Director, Islami Bank Bangladesh Limited made comments as designated discussants. Deputy Governor said that Bangladesh Bank has taken a number of initiatives in the area of trade payment and finance to overcome the economic challenges of covid-19.
Bangladesh Bank has brought relaxation of foreign exchange regulations in export, import, remittance and other trade services since the inception of Covid-19.
For example, extending export proceeds realization time, duration for submission of bill entry, extended time for industrial import etc., are some major regulatory initiatives for smooth operations of trade payment and finance he added.
Director General of BIBM said, findings of the study along with opinions and observations made today will help BB to take future actions.
Senior bank executives, academicians, faculty members of BIBM took part in the workshop.