Dhaka, June 6 -- Bangladesh's financial sector is currently going through a "transitional phase", according to Md Kyser Hamid, managing director and chief executive officer of Bangladesh Finance.

Kyser assessed the state of the financial sector on bdnews24.com's discussion programme "Chinwag with the Chiefs".

"Different longstanding weaknesses have become increasingly visible over the past few years, and many banks and financial institutions are struggling to return depositors' money," he said.

He said the broad causes of the situation were poor discipline in loan distribution and high non-performing loans.

Despite the crisis, Kyser said Bangladesh Finance had managed to retain customer confidence through prudent loan management, dive...