Corporate governance fault leads to credit access manipulation: BB Gov

Bangladesh Bank (BB) governor Dr Atiur Rahman on Saturday observed that the corporate governance weaknesses linger in many banks, allowing dominant equity holders to manipulate credit access, credit appraisal and internal control processes to their own advantage. He also said lending resources of banks continue being channelled largely to well-off borrowers, often with insufficient diversification and inappropriate asset-liability and maturity mismatches. The central bank governor was addressing a national seminar on ‘Banking Future Vision’ organised by Association of Bankers, Bangladesh (ABB) at a hotel in the city, according to a news agency.