Major indices of the stock market in Bangladesh fell yesterday, snapping a two-day gaining streak as investors cautiously traded select shares to pocket short-term gains amid price fluctuations resulting from earnings disclosures by listed companies..The DSEX, which reflects the cumulative
Indexes of the stock market in Bangladesh declined yesterday on rising the day before, largely due to the poor performance of Islami Bank Bangladesh along with the large-cap and blue-chip shares amid sales pressures..Large-cap refers to shares which account for large amounts in market capi
Stock markets in Bangladesh maintained a downward trend for a third consecutive day yesterday, with the values of a majority of shares marking a significant drop..The shares of companies like Islami Bank Bangladesh, BRAC Bank, Square Pharmaceuticals, British American Tobacco Bangladesh, Re
Restoring trust in the banking sector is crucially important
How could two state institutions participate in this process?
Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history.
The BFIU found Tk 99.7 crore at the accounts of four companies of Md Akiz Uddin, also a former deputy managing director of Islami Bank Bangladesh
After seven years, S Alam Group’s control over Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the country’s largest private sector bank that was heavily dominated by individuals linked to the conglomerate.
All shares of S Alam Group will be taken over
No bank in Bangladesh has ever made so much profit in a year
A DMD resigns a week after similar departure of another additional managing director
Islami Bank has started to avail a central bank facility that is only summoned during extraordinary circumstances, as the Shariah-based lender looked to dress up its balance sheet ahead of the year’s end.
Prime Minister Sheikh Hasina has called for an investigation into the affairs of S Alam Group, which has been in the public discourse in recent times for its alleged excessive borrowing from the banking system in violation of rules.
Islami Bank, Social Islami Bank and First Security Islami Bank lent about Tk 9,500 crore under suspicious circumstances, as reported by different media. Of the sum, Tk 7,246 crore has been taken from Islami Bank alone.
The High Court today (July 26, 2022) observed that the most serious crimes are being committed in the banking sector of the country.
Islami Bank Bangladesh Ltd (IBBL) has sent a rejoinder to a report headlined “6pc private bankers lose jobs during pandemic” published in The Daily Star on February 1.
There were 1.14 lakh bank accounts having over Tk 1 crore each in the all of the country’s commercial banks in 2015, says finance minister AMA Muhith.
Finance Minister AMA Muhith says at the parliament that the total number of loan defaulters in the country was around 1.78 lakh as of June according to Bangladesh Credit Information Bureau.
