Transparency International Bangladesh (TIB) has called for halting the implementation of bank mergers, expressing concerns that the current process may sidestep the main problem of the banking sector and grant impunity to those responsible for loan default and forgery.
The anti-graft watchdog highlighted the lack of transparency in the bank merger process, particularly regarding the management of default loans and issues of accountability within weak banks burdened by default loans. TIB criticized the merger policy provisions that allow directors of underperforming banks to return to the board of the merged bank after a five-year break, as well as the provision for the reappointment of top executives. According to TIB, these provisions reward the perpetrators behind the banking crisis with impunity rather than holding them accountable.
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