Intricately linked to the economy BigstockMany banks which began operating in 2014 are not performing satisfactorily due to lack of good governance and skilled manpowerThe entry of three new banks in the country has intensified the problem of skilled manpower, not to mention unhealthy competition in deposit collection, remarked industry experts and bankers. Many banks which began operating in 2014 are not performing satisfactorily due to lack of good governance and skilled manpower, said Syed Mahbubur Rahman, chairman of the Association of Bankers, Bangladesh (ABB), and managing director and CEO of Dhaka Bank. Rahel Ahmed, managing director of Prime Bank, told the Dhaka Tribune: “The new banks will face difficulties in recruiting senior officers. But I also see this positively, as more employment opportunities will be generated.”Pubali Bank Managing Director Md Abdul Halim Chowdhury said the new banks cannot hire skilled manpower from his bank, but he also felt under-performing employees are free to leave. There is a huge dearth of skilled manpower in the banking sector, and according to former advisor to the caretaker government, AB Mirza Azizul Islam, the entry of new banks will intensify this crisis.

Source: Dhaka Tribune February 20, 2019 15:28 UTC