NRBC Bank Advances Trade Transparency

NRBC Bank has taken a significant step towards strengthening transparency and discipline in Bangladesh’s foreign trade by organising a comprehensive workshop focused on regulatory reporting and digital monitoring systems. Held in line with directives issued by Bangladesh Bank, the programme sought to enhance the accuracy, consistency and timeliness of trade-related reporting under the Online Import Monitoring System (OIMS) and the Online Export Monitoring System (OEMS). Bank officials and industry stakeholders alike believe that such initiatives are vital for improving confidence and order in the country’s foreign exchange management framework.

According to a press release, the day-long workshop was held on Sunday, 21 December 2025, at the Human Resource and Training Development Centre (HRTDC) located at NRBC Bank’s Head Office in Dhaka. The event was attended as chief guest by the bank’s Managing Director and Chief Executive Officer, Dr Md Touhidul Alam Khan, who underscored the strategic importance of precise and timely reporting in international trade operations. In his address, he emphasised that robust reporting practices are not merely a regulatory obligation but a cornerstone of sustainable and credible trade financing.

The technical and training sessions were conducted by senior officials from Bangladesh Bank’s Foreign Exchange Operations Department (FEOD). Laila Akter, Deputy Director, and Tasfia Tanjim Snigdha, Assistant Director, delivered in-depth presentations on the practical use of OIMS and OEMS. Their discussions covered common reporting errors, risks arising from delayed or inaccurate data submission, and the potential financial and legal consequences of non-compliance. Particular attention was given to aligning bank and client practices with Bangladesh Bank’s circulars, policies and procedural guidelines.

The workshop drew participation from the Head of NRBC Bank’s International Division, Hasnat Reza Mahibbul Alam, alongside officials from several key departments. Importers and exporters were also present in significant numbers, allowing for constructive exchanges of views. Participants shared real-life operational challenges and received direct clarification from the central bank officials, making the programme both interactive and practically relevant.

Speaking further, Dr Khan noted that effective utilisation of online monitoring systems enables accurate determination of import values and ensures the timely repatriation of export proceeds. He explained that OIMS and OEMS play a crucial role in preventing malpractice such as over-invoicing and under-invoicing, thereby supporting efforts to combat money laundering and illicit financial flows. According to him, these digital platforms foster greater transparency, accountability and credibility in foreign exchange transactions.

He also highlighted that the judicious use of modern technology simplifies documentation, reduces processing time and operational costs, and enhances overall customer service. Dr Khan urged bank officials, importers and exporters to remain vigilant and proactive in following regulatory instructions to safeguard their own interests and the stability of the wider financial system.

The workshop concluded with a lively question-and-answer and open discussion session, reinforcing NRBC Bank’s commitment to capacity building, regulatory compliance and close cooperation with both regulators and trade clients. Through such initiatives, the bank continues to demonstrate its active and responsible role in promoting transparent, technology-driven and sustainable growth in foreign trade financing.

Workshop at a Glance

Overall, the programme stands as a notable example of how collaborative efforts between banks, regulators and trade participants can strengthen governance and transparency in Bangladesh’s foreign trade ecosystem.