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The AEDSB Washington Seminar Series

 


Socially Responsible Banking: The Bangladesh Experience PPT

Speaker: Dr. Atiur Rahman, Governor, Bangladesh Bank

Moderator: Ahmad Ahsan, Lead Economist, East Asia and Pacific Region, World Bank

When: Friday, October 11, 2013; 12 Noon to 1:30 pm

Where: World Bank, Main Complex Room No: MC 9-100, 1818 H Street NW, Washington D.C.

Visitors will first need to collect a pass from the Main Complex (MC) Building Visitor's Center on the corner of 18th Street and Pennsylvania Avenue. Please allow an extra 15 minutes for this. If you need a pass to attend the seminar, please contact: Mildred Gonsalvez ( mgonsalvez@worldbank.org or 202-458-7156).

 

Abstract

The most recent global financial crisis was in part caused by excessive risk-taking and a narrow focus on short-term profit maximization on the part of key financial institutions. Learning from this experience Bangladesh Bank, the Central Bank of Bangladesh, has been promoting social responsible banking among the financial institutions it regulates over the past few years. This ‘socially-responsible banking’ theme has a number of key pillars which include initiatives in financial inclusion, promotion of environmentally sustainable banking practices ( “green banking”), setting guidelines and benchmarking CSR contributions among banks, and promoting gender equality in staffing and loan clients. This presentation will outline some of these initiatives as well as the challenges faced in implementing these without compromising the core macro-financial stability objectives of the Central Bank.

About the Speaker

Dr. Atiur Rahman has been Governor of the Central Bank of Bangladesh (Bangladesh Bank) since May 2009. He received his PhD in Economics from the School of Oriental and African Studies (SOAS) of the University of London in 1977. Prior to his assumption of office as the Governor of Bangladesh Bank, he was a Professor of Economics (2006-2009) at the University of Dhaka. He also served as the Chairman of the Board of Directors of Unnayan Shamannay, a non-profit organization for research, development and cultural learning. His previous roles also include Director of Sonali Bank, the largest commercial bank in Bangladesh and Chairman of the Board of Directors of Janata Bank, the second largest commercial bank in the country. Dr. Rahman was also Senior Research Fellow at the Bangladesh Institute of Development Studies (BIDS). Dr. Rahman has also received many national and international awards including the Indira Gandhi Gold Plaque (2011) by the Asiatic Society (Kolkata, India) for his outstanding contribution to international cooperation towards human development; World No Tobacco Day Award (2012) by the World Health Organization (WHO) in recognition of significant contribution towards anti-tobacco movements; and the Nawab Bahadur Syed Nawab Ali Chowdhury National Award (2012) in recognition of contributions in the field of banking and finance. He his also the author over two dozen book chapters and papers published in journals of economic research.