People's Republic of Bangladesh

IFRS 16 Lease Accounting in Bangladesh

Localized lease accounting automation, contract intelligence, and audit-ready disclosures for financial institutions in Bangladesh

Regulatory Context

Bangladesh IFRS 16 Requirements

Bangladesh Bank (BB) mandates IFRS 16 compliance for all scheduled banks and financial institutions. Bangladesh adopted IFRS 16 in phases starting 2018, with BB providing detailed guidelines on lease measurement, disclosure, and quarterly reporting.

Bangladesh Bank (BB)

Central regulatory authority via Banking Regulation & Policy Department

Quarterly BB Returns

Detailed lease reporting via Department of Off-site Supervision (DOS) formats

Islamic Banking Excellence

Full-fledged Islamic banks requiring Shariah-compliant lease models

RMG & Garment Sector Focus

Specialized considerations for ready-made garment and textile equipment leases

Key Compliance Milestones

January 2018
IFRS 16 Adoption
Scheduled banks began phased transition from IAS 17 to IFRS 16
2019
BB BRPD Circular
Enhanced guidance on lease measurement and disclosure requirements
2020
COVID-19 Relief Measures
BB forbearance guidance and special provisions for affected sectors
2024
Enhanced Model Governance
Stricter lease model validation and external audit requirements
Localized Solution

ContractHive for Bangladesh Banks

Purpose-built lease accounting automation tailored to Bangladesh Bank regulatory requirements and local market dynamics

BB DOS Reporting

Pre-configured templates matching Bangladesh Bank's Department of Off-site Supervision formats

Islamic Banking Support

Comprehensive lease models for Bangladesh's growing Islamic banking sector

Bangladesh Macro Scenarios

Forward-looking scenarios calibrated to BDT, RMG exports, and agriculture

Trusted by Leading Bangladeshi Banks

FineIT serves multiple scheduled banks in Bangladesh with BB-compliant IFRS 16 solutions. Our regional presence in Dhaka and deep understanding of Bangladesh's RMG-driven economy ensures contextual accuracy.

12+
Bangladesh Banks
100%
BB Audit Compliance
24/7
Local Support

Benefits for Bangladesh Institutions

Proven advantages from our Bangladeshi banking clients

66%
Faster Lease Processing
100%
BB Audit Pass Rate
24/7
Local Support
BN/EN
Bilingual Interface
Regional FAQs

Frequently Asked Questions - Bangladesh

Common questions from Bangladeshi financial institutions

Partner with FineIT for IFRS 16 Compliance in Bangladesh

Join leading Bangladeshi banks using ContractHive for BB-compliant lease accounting automation