Bangladesh Bank (BB) has initiated a process to establish a separate center for promoting leadership in the country’s financial sector.

The organization-Centre for Leadership Excellence in Financial Sector (CLEFS)-will be built on 10.64 acres of land at Nasirabad in the port city of Chittagong.

“The central bank’s board has already approved the project,” BB Executive Director M. Mahfujur Rahman told BSS.

He said the centre would be developed following the model of the Sasana Kijang, a leadership excellence centre of Bank Negera Malaysia, the central bank of the East Asian developed economy.

“The centre would provide trainings to mid and high level executives of the central bank and other banks and financial institutions so they can develop their own talent through effective learning initiatives,” Rahman said.