Financial Institutions Division

The Financial Institutions Division is focused on stabilizing the distressed financial sector by managing the liquidation or restructuring of five major non-bank financial institutions burdened by non-performing loans.

FID is one of four divisions of the Ministry of Finance (alongside Finance Division, Economic Relations Division, and Internal Resources Division). It exercises administrative ownership over six state-owned commercial banks: Sonali, Agrani, Janata, Rupali, BASIC, and Bangladesh Development Bank, plus three specialised banks (Bangladesh Krishi Bank, RAKUB, Probashi Kallyan Bank), plus non-bank financial institutions and insurers. The established_year of 2001 is based on the Wikipedia article on FID indicating it was carved out as a separate division; the Bank and Financial Institutions Division existed under the MoF framework from 2001 per the Rules of Business. Secretary Nazma Mobarek held the post prior to March 26, 2026; Md. Zakaria (formerly Chairman, Bangladesh Food Safety Authority) took over on that date per BSS and TBS. BB Governor Mostaqur Rahman (appointed February 25, 2026, joined February 26, 2026) replaced Ahsan H Mansur; the governor change was the most significant single event in the FID's operating environment in this window. The Sammilito Islami Bank merger is FID-adjacent (Bangladesh Bank leads the banking resolution; FID manages the government capital stake). All figures verified against 2+ primary sources.