Message

In the ever-evolving landscape of the financial sector, the pivotal role of central banks continues to expand. Bangladesh Bank, as the apex regulatory body, has consistently met the challenges of this supervising financial institutions, and dynamic environment. Our responsibilities encompass formulating and implementing monetary policies, managing forex reserves, among other crucial functions. In light of the recent global challenges, such as the Russia-Ukraine war and the ongoing battle against the COVID-19 pandemic effects, Bangladesh Bank has demonstrated resilience and adaptability. We are aligning our operations with sustainability objectives, recognizing the imperative to contribute not only to financial stability but also to the broader goals of sustainable development.

The financial sector of Bangladesh has a crucial role in this development journey. As part of our broader commitment to climate action, Bangladesh Bank recognizes the urgency of addressing climate change through adaptation and mitigation measures. Aligned with the goals and targets of SDGs and INDC's commitment of Bangladesh BB issued Sustainable Finance Policy. Sustainability Rating for Banks and Financial Institutions, Guidelines on Environmental & Social Risk Management (ESRM) and Green Bond Financing for Banks and FIs. These policies and guidelines have been yielding a remarkable positive impact on the financial market. We encourage banks and financial institutions to prioritize investments in environmentally sustainable initiatives, such as renewable energy projects, energy efficiency measures, and climate-resilient infrastructure. In collaboration with stakeholders, Bangladesh Bank continues to advocate for the integration of climate considerations into financial decision-making processes. We believe that a sustainable and resilient financial sector is essential for addressing the challenges posed by climate change.

Shikkhabichitra is going to publish the 5th edition of 'Banking Almanac: Banks and Financial Institutions of Bangladesh, which will serve as a platform to highlight the efforts of banks and financial institutions in supporting climate-related initiatives and promoting sustainable practices. Banking Almanac is an effort to publish the data of financial sector. It has taken the great responsibility of collecting & accumulating the data of banks & financial institutions. Bangladesh Bank believes it is a great endeavor which can add certain values to the financial sector. We believe this initiative will be an invaluable resource for bankers, investors, researchers, teachers, students, and anyone connected to the financial sector.

I extend my sincere appreciation to the Board of Editors and the publisher of 'Banking Almanac' for their dedication to this timely initiative. I am confident that the 5th edition will be a valuable asset to all those passionate about understanding the intricacies of the banking and financial sector in Bangladesh.

Wishing 'Banking Almanac' continued success.

Nurun Nahar
Deputy Governor, Bangladesh Bank