Dhaka: Employees working across state-owned commercial banks, specialised banks, and other financial institutions will now receive a maximum of three incentive bonuses annually based on their performance. This development marks a significant change in the compensation structure for employees in the banking sector.
According to Bangladesh Sangbad Sangstha, the Financial Institutions Division under the Ministry of Finance issued a notification on Thursday. The notification instructs state-owned banks and financial institutions to adhere to these new guidelines when awarding employee incentives.
The directive highlights that the calculation of bonuses will now be based on net profit rather than operating profit. This shift aims to align employee incentives more closely with the overall profitability of the institutions, encouraging a focus on sustainable financial performance.