He submitted his resignation letter to the bank's board of directors on Friday from the US, senior bank officials confirmed to The Daily Star today.
Once a reputable private commercial lender, AB Bank’s financial health is now deteriorating gradually due to boardroom mismanagement, loan irregularities, illegal facilities availed by its sponsors and inaccurate measures by the central bank.
The board of the private commercial lender has approved the tier-II equivalent subordinated bonds named “AB Bank Subordinated Bonds-V”.
Its EPS rose to Tk 0.43 in 2023's H1 from Tk 0.41 in 2022's H1
AB to give 2% stock dividend, NRBC 4.5%
AB Bank disburses Tk 1 lakh each as loan to 1,500 farmers in Madhupur, Dhanbari
The deadline for the public offer subscription portion of AB Bank Ltd’s perpetual bond has been extended up to August 22.
The burden of a dead mobile operator, widespread loan fraudulence, mismanagement and influence of a sponsor director were what dragged the once sound AB Bank into the reds.
The Anti-Corruption Commission (ACC) files a case accusing three people including an official of AB Bank for misappropriating Tk 133 crore.
He submitted his resignation letter to the bank's board of directors on Friday from the US, senior bank officials confirmed to The Daily Star today.
Once a reputable private commercial lender, AB Bank’s financial health is now deteriorating gradually due to boardroom mismanagement, loan irregularities, illegal facilities availed by its sponsors and inaccurate measures by the central bank.
The board of the private commercial lender has approved the tier-II equivalent subordinated bonds named “AB Bank Subordinated Bonds-V”.
Its EPS rose to Tk 0.43 in 2023's H1 from Tk 0.41 in 2022's H1
AB to give 2% stock dividend, NRBC 4.5%
AB Bank disburses Tk 1 lakh each as loan to 1,500 farmers in Madhupur, Dhanbari
The deadline for the public offer subscription portion of AB Bank Ltd’s perpetual bond has been extended up to August 22.
The burden of a dead mobile operator, widespread loan fraudulence, mismanagement and influence of a sponsor director were what dragged the once sound AB Bank into the reds.
The Anti-Corruption Commission (ACC) files a case accusing three people including an official of AB Bank for misappropriating Tk 133 crore.
A three-judge High Court bench yesterday delivered a dissenting verdict on the legality of bail of two former AB Bank officials in a money laundering case.
