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.
The Bangladesh Bank has incurred a loss of Tk 55 crore from its foreign exchange deal with Islami Bank centring the introduction of the crawling peg exchange rate system.
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.
The Bangladesh Bank has incurred a loss of Tk 55 crore from its foreign exchange deal with Islami Bank centring the introduction of the crawling peg exchange rate system.
In the banking sector of Bangladesh, exemptions from rules and regulations for powerful loan defaulters seem to be the default rules.
