He alleges that the same political party is engaged in widespread corruption at local levels
The bond will strengthen the bank’s capital base
The adviser made these remarks today during a press conference at the Secretariat in Dhaka
Islami Bank Bangladesh plans to sell the S Alam Group’s stake in the bank to realise dues of around Tk 10,000 crore from the controversial conglomerate.
The bank also intends to invite its former foreign shareholders, including Al Rajhi and the International Finance Corporation, to re-engage with the institution
However, the bank made a profit of Tk 267 crore in the Jan-Sep period
Abu Nasser Muhammad Abduz Zaher resigned from the bank and left for London in 2015
Chattogram-based conglomerate S Alam Group has taken more than half of the total loans disbursed by Islami Bank Bangladesh Ltd (IBBL), according to the bank’s newly appointed Chairman Md Obayed Ullah Al Masud
Islami Bank’s former managing director Abdul Mannan had not appeared or spoken publicly since S Alam Group took control of the bank in March 2017.
Bangladesh Bank yesterday re-appointed an observer at Islami Bank and dispatched an observer for the first time at First Security Islami Bank (FSIBL) -- the two Shariah-based lenders where Chattogram-based business giant S Alam Group has significant stakes.
Investigation into financial irregularities the first step forward
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.
Refusal to terminate 21 top officials and extend some big loans has forced Arastoo Khan to resign from the post of chairman of the Islami Bank Bangladesh Limited after only one year of his three-year term, an investigation by The Daily Star has found.
Islami Bank, the largest and most profitable bank in the country, has seen a significant fall in its half-yearly profit, only months after
Two independent directors of Islami Bank Bangladesh (IBBL) have resigned from the board of the bank, a day after they were removed from their executive posts.
The board of directors of Islami Bank removes Syed Ahsanul Alam, from his post of vice chairman at the bank.
Planning Minister AHM Mustafa Kamal says they received money from Islami Bank Bangladesh Ltd to organise the 2011 Cricket World Cup since no other bank showed interest to sponsor the event.
