Business Desk

Prime Bank PLC, a leading financial institution renowned for its innovative and customer-focused financial solutions, recently hosted its Annual Risk Conference 2024 to foster better risk culture in the bank.

Mr. A.N.M. Moinul Kabir, Director of the Department of Off-Site Supervision (DOS), Bangladesh Bank, as the Special Guest, and Ms. Surabhi Ghosh, Additional Director of DOS, as the Chief Guest adorned the program. Mr. Mohammad Arif Hasan and Mst. Nazmin Nahar, Joint Directors of DOS, Bangladesh Bank, enlightened the program as resource persons. The program was presided over by Md. Ziaur Rahman, Deputy Managing Director and Chief Risk Officer of Prime Bank.

The conference, held at Marina Yasmin Chowdhury Conference Hall at Prime Bank's office in Niketon, Dhaka, was attended by approximately 200 participants, including Branch Operation Managers, members of the Executive Risk Management Committee and Risk Management Forum of the bank.

Seasoned central bankers shared their insights on risk management policies and guidelines established by Bangladesh Bank, addressing current challenges within the banking sector. They also commended Prime Bank's strong position in managing risks, and exercising robust risk culture.

Prime Bank's Head of Risk Management, Mohammad Jashim Uddin, and Deputy Head, Kazi Naim Morshed, briefed the audience about the risk management practice and the implications of risks especially operational risks on the bank’s performance and reputation. They emphasized the importance of team collaboration to manage risks proactively and mitigate threats before they arise. They called for enhancing the present risk management practice to ensure its preparedness to face emerging risks.

Prime Bank also recognized the Top Proactive Risk Identifiers. Mr. Md. Ziaur Rahman concluded the conference, thanking the Bangladesh Bank officials and all participants from Prime Bank for their contributions and emphasized to strengthen the existing risk management practices of the bank.