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
Islami Bank Bangladesh yesterday terminated its contracts with eight top officials amid unrest in the largest Shariah-based bank in the country following the political changeover.
Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.
The situation worsened when officials and Deputy Managing Director Miftah Uddin tried to enter the headquarters of the bank
Islami Bank Bangladesh today rejected a cheque of a little-known company seeking to withdraw Tk 548 crore
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
Islami Bank Bangladesh yesterday terminated its contracts with eight top officials amid unrest in the largest Shariah-based bank in the country following the political changeover.
Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.
The situation worsened when officials and Deputy Managing Director Miftah Uddin tried to enter the headquarters of the bank
Islami Bank Bangladesh today rejected a cheque of a little-known company seeking to withdraw Tk 548 crore
They said they were deprived of official benefits and promotions over the last 15 years