Bangladesh's Financial Institutions Division announced revised regulations Thursday governing employee bonus payments at state-controlled banks. The new framework limits workers to three annual incentive payments based strictly on net profit calculations. Officials must subtract loan provisions, investment value changes, and asset adjustments before determining bonus eligibility.
The ministry emphasized that previous bonus distribution lacked proper oversight and consistency. Banks repeatedly ignored established payment limits despite existing policies. Sonali Bank distributed five bonuses during 2023, violating the three-bonus ceiling. Finance officials ordered recovery of excess payments, yet employees have not returned the unauthorized funds.
The ministry emphasized that previous bonus distribution lacked proper oversight and consistency. Banks repeatedly ignored established payment limits despite existing policies. Sonali Bank distributed five bonuses during 2023, violating the three-bonus ceiling. Finance officials ordered recovery of excess payments, yet employees have not returned the unauthorized funds.
