Some 78 percent of banks in Bangladesh do not have a disaster recovery plan in place, putting themselves at risk of those spawning from various calamities, according to a survey.
“This is due to a lack of awareness about the consequences, risks and losses posed by disasters,” said the survey carried out by the Bangladesh Institute of Bank Management (BIBM).
The research report titled “Addressing Disaster Risk by Banks: Bangladesh Perspective” was released at a seminar at the auditorium of the BIBM in the capital yesterday. Shah Md Ahsan Habib, a director of the institute, presented the paper, while Toufic Ahmad Choudhury, director-general, chaired the session.
The survey said banks do not have a system in place to record relevant data on disaster risks and losses and even physical and infrastructure losses.
Banks are not in a position to identify disaster incidences, which are also blamed for some of their non-performing loans, the report said.
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