Central database for credit rating can help check irregularities: speakers


DHAKA, May 28, 2018 (BSS) – Stressing the need for building a central
database for credit rating, speakers at a roundtable here today said such
steps would help stop the supply of weak and fake credit rating that will
ultimately reduce the banking sector’s risks in international trade.

They said bankers should be more conscious so that none can use them for
irregular activities, including siphoning of money.

Bangladesh Institute of Bank Management (BIBM) organized the roundtable
discussion on ‘Practices of Obtaining Credit Report of Foreign Counterparts
in Trade Services-Is it Working?’ at its auditorium this morning.

Director General of BIBM Dr Toufic Ahmad Choudhhury chaired the discussion
while Prof Dr Shah Md Ahsan Habib of BIMB presented a research paper on the

BIBM executive chairman and Bangladesh Bank (BB) deputy governor Abu Hena
Mohammad Razee Hassan attended the discussion as chief guest while ATM
Nesarrul Hoque of Mutual Trust Bank, Md Mahmudur Rahman of Islami Bank
Bangladesh, Pradip Paul of BB’s foreign exchange policy department and
Tofayel Ahmed of BIBM took part in the discussion.

Ahsan Habib said 26 export establishments did not get payments against an
export order recently and it was not possible to trace the importers. There
irregularities involving Tk 600 crore came to the notice of all, he said,
adding that such incidents could not have occurred if proper steps were taken
as per the credit rating.

BB deputy governor Abu Hena Mohammad Razee Hassan said some irregularities
relating to international trade came to the notice of BB. Banks and the
country will face risk, if banks fail to perform skillfully in the
international trade, he added.

BB has been working to stop illicit trafficking of money from the country,
he said, adding that banks have been instructed to be conscious in dealing
with some international banks.