A delegation of BGMEA met with Governor, Dr. Ahsan H. Mansur at Bangladesh Bank Bhaban , August 26, 2025, regarding the impasse in the financial activities of garment exporters due to some troubled banks. BGMEA President Mahmud Hasan Khan led the delegation, a press release said.
The BGMEA delegation included BGMEA Vice President Md. Shihab Uddoza Chowdhury, Director Md. Abdur Rahim, Director Fahima Akhter, Director A.B.M. Shamsuddin, Chairman of Rio Design Ltd. Md. Haruk Ahmed, Managing Director of O’Dell Apparels Ltd. Shah Mohammad Mohit, Managing Director of Day Apparels Ltd. Anwar Hossain Patwari and Managing Director of AKH Fashion Ltd. Shamsul Alam.
In the meeting, the BGMEA President explained in detail to the Governor the problems that garment exporters are currently facing due to the five troubled banks.
He said that due to the severe liquidity crisis in the troubled banks, the banks are not paying the export earnings (returned export value) to the exporters on time even though they have received it, and the banks are even failing to open new letters of credit (LC). Due to this, the garment factories are facing huge financial losses and are unable to carry out their regular activities and export activities. In particular, the factories are not able to pay the salaries and allowances of the workers on time, which is against the law and order.
The BGMEA president said that this situation is seriously tarnishing the country’s image in the international arena, as well as reducing the confidence of international buyers in Bangladesh, which is not at all auspicious for the industry.
At the meeting, BGMEA leaders expressed deep concern and said that if quick steps are not taken to resolve the crisis, many institutions will soon turn into sick industries, as a result, many workers and siblings will lose their jobs and above all, the country’s main export sector will be put at further risk, which is not at all desirable.
The BGMEA President requested the Governor of Bangladesh Bank to take prompt and effective steps to deal with this emergency.
The Governor listened to the concerns of the BGMEA delegation seriously and assured a speedy resolution to this issue. He said that initiatives will be taken to temporarily pay the dues of the banks to the customers, so that the urgent financial needs of the exporters can be met. Later, necessary steps will be taken for a permanent and final solution to the problem.
The BGMEA President hopes that this issue will be resolved soon, the financial uncertainty prevailing in the garment industry will be removed and normal operations will resume.
