BRAC Bank MD apologises for statement on central bank officials in letter to governor

Managing Director and CEO of BRAC Monetary institution Selim RF Hossain has formally apologised for his assertion about Bangladesh Monetary institution officials made one day of a seminar organised by the Bangladesh Institute of Monetary institution Management on 4 December.

In a letter sent to the Bangladesh Monetary institution governor, he expressed feel sorry about and acknowledged that his remarks had been impulsive and execrable, potentially causing offense to the central bank’s officials.

“I sincerely apologise for the unintended and execrable comments I made about Bangladesh Monetary institution officials one day of the seminar. Upon extra reflection, I realise that my statements had been rash and inconsiderate, which can need hurt or offended the officials. Then another time, I had no such scheme. It appears I didn’t issue my thoughts accurately,” he stated within the assertion.

The BRAC Monetary institution MD outlined that his comments stemmed from frustration over the financial challenges faced by the banking sector earlier than the political transition in August 2024 below the old authorities. Then another time, he admitted that these comments had been neither appropriate nor reflective of his deep admire and appreciation for the dedication of Bangladesh Monetary institution officials.

“I deeply feel sorry about any hurt or confusion brought about by my comments and say you that I will seemingly be extra cautious within the conclude to retain a ways from any repetition. I’m hoping my loyal apology will seemingly be permitted, and we can continue our collaborative work with mutual admire and figuring out,” his assertion concluded.

He acknowledged that his emotionally charged remarks fell wanting decent standards and clarified that they had been private and made with out enough consideration. He expressed feel sorry about for any misunderstanding or hurt brought about by his words.

On 4 December, at an occasion organised by the Bangladesh Institute of Monetary institution Management, Selim, within the presence of the central bank governor, alleged that some Bangladesh Monetary institution officials had been “blackmailing” commercial banks.

He furthermore talked about the alleged rigidity exerted by central bank officials on appointments, transfers and promotions.