Concept of Ethics :

The English word "ethics " is derived from the Greek word. Ethics are rules of behavior based on ideas
about what is morally good and bad.

 Rahman, Muhammad Habibur state that ethics expressed by good behavior recognize the rights
and interests of others as well as society as a whole.
 According to the Alamgir, M, ethics is based on a value system that refers to important and
lasting beliefs about right and wrong, fear and unfair, good and bad, desirable and undesirable
handed down in society through Customs, tradition and religion.

Business and Ethics:

A business firm is a commercial entity that is established to produce goods and services to earn a profit.
In a modern economy, a business firm is a form of cooperation engaging production, exchange, and
distribution of goods and services. Though a business firm is profit-oriented, it has to follow ethical
standards and consider the social implication of its activities to survive in a highly competitive corporate
world.

Banking Business :

The banking business is regarded as the financial intermediary that mobilizes funds from savers to
allocate the gathered funds as loans among deserving economic entities.

Surplus units Banks Deficit units

(Households/firms) (Financial (Households/firms)
intermediary)

Flows of Funds from Surplus to Deficit Units

Why do Bankers Need to Practice Professional Ethics and Establish Their Professional Body or
Institute in the Banking Industry?
Banking is truly a profession based on trust and professional ethics. But the entry into the banking
profession is not limited to related academic disciplines or professional degrees such as Banking, Finance,
and Economics.

 Bangladesh Institute of Bank Management (BIBM) primarily focuses on providing training to

officials of banks and financial institutions and educational degrees to strengthen and update their
skills. Many public and private universities also provide Bachelor's and Master's degrees in
banking.
 Also, the Institute of Bankers, Bangladesh (IBB) provides two-tier certification or diploma
examinations.
professional ethics is not just earning a professional degree but, practicing standards of
professionalism in their operations. Even in facing such difficulties, professional bankers never
abuse power.