B Mirror Report: Bangladesh Bank (BB) has appointed observers to four private commercial banks National Bank, Al-Arafah Islami Bank, Premier Bank, and IFIC Bank to strengthen monitoring of their financial and operational activities.

Confirming the development, Bangladesh Bank Executive Director and spokesperson Arief Hossain Khan said the move is a routine regulatory step taken as part of the central bank’s ongoing supervisory process.

“The appointment of observers at these banks is part of a continuous monitoring mechanism carried out by the central bank,” he said, adding that such initiatives are aligned with BB’s responsibility to ensure sound banking operations.

According to the central bank, four directors from its specialised departments have been assigned as observers to the respective banks.

Munir Ahmed Chowdhury, director of the Bank Supervision Department-12, has been posted as an observer to National Bank.

Mohammad Anisur Rahman, director of the Islami Banking Regulations and Policy Department, will oversee activities at Al-Arafah Islami Bank.

ANM Moinul Kabir, director of the Payment Systems Department-1, has been designated as the observer for Premier Bank.

Meanwhile, AKM Kamruzzaman, director of the Forex Reserve and Treasury Management Department-1, has been appointed as an observer to IFIC Bank.

The appointment of observers is intended to enhance oversight and ensure compliance with regulatory guidelines at the concerned financial institutions.