Bangladesh is under-banked with respect to domestic and foreign investors and institutions, something its central bank is seeking to remedy, particularly for infrastructure finance.
Bangladesh Bank recently took steps to incentivise banks to move into under-banked areas. But the country’s growth trajectory has been such that financial institutions still lack sufficient resources, both from a human resources and technology point of view.
The point was made at AsianInvestor’s and FinanceAsia’s inaugural Bangladesh Investment summit in Singapore this week by Reaz Islam, chief executive of Dhaka-based LR Bangladesh Asset Management, part of LR Global Partners.
There’s substantial opportunity for the country’s...