BRAC Bank MD apologizes for its statement on central bank officials in its letter to the governor

BRAC Bank Managing Director and CEO Selim RF Hossain has formally apologized for his statement regarding Bangladesh Bank officials made at a seminar organized by the Bangladesh Institute of Banking Management on December 4 .

In a letter sent to the Bangladesh Bank governor, he expressed regret and acknowledged that his remarks were impulsive and inappropriate, likely to offend central bank officials.

“I sincerely apologize for the unintentional and inappropriate comments I made about Bangladesh Bank officials during the seminar. Upon reflection, I realize that my statements were thoughtless and inconsiderate, which could have hurt or offend those responsible However, I had no such intention. “It seems that I failed to express my thoughts accurately,” he said in the statement.

The BRAC bank chief executive explained that his comments stemmed from frustration over the financial challenges facing the banking sector ahead of the August 2024 political transition under the previous government. However, he admitted that these comments were neither appropriate nor reflected his deep respect and appreciation for the dedication of Bangladesh Bank officials.

“I deeply regret any hurt or confusion caused by my comments and assure you that I will be more careful in the future to avoid any repetition. I hope that my sincere apologies will be accepted and that we can continue our respectful collaborative work and mutual understanding,” concluded his statement.

He acknowledged that his emotionally charged remarks did not meet professional standards and clarified that they were personal and made without adequate consideration. He expressed regret for any misunderstanding or harm caused by his remarks.

On December 4, at an event organized by the Bangladesh Institute of Banking Management, Selim, in the presence of the central bank governor, alleged that some Bangladesh Bank officials were “blackmailing” commercial banks.

He also cited alleged pressure from central bank officials on appointments, transfers and promotions.