No other bank in the country has come close to this scale of financial damage.
The interim government has formed an eight-member working committee to implement the merger of five Shariah-based banks.
A “staffer of S Alam Group” took out Tk 118 crore from Union Bank without any approval or following any banking norms, indicating how the controversial business conglomerate used the bank.
The anti-money laundering agency issued the directive yesterday to suspend transactions in both their personal and business accounts for 30 days
The central bank issued three separate letters to the banks
Union Bank Limited made a Tk 162.69 crore profit in 2022, slightly up from a year earlier.
Four more shariah-based banks have been found to have taken emergency funds, which are usually taken during extraordinary circumstances, in an attempt at dressing up their balance sheet for last year.
Bangladesh Bank has instructed five shariah-based banks to send a daily log of sanctioned credit of Tk 10 crore and above as it looks to restore calm and order at the lenders that have recently faced withdrawal pressure.
Four more shariah-based banks have been found to have taken emergency funds, which are usually taken during extraordinary circumstances, in an attempt at dressing up their balance sheet for last year.
Bangladesh Bank has instructed five shariah-based banks to send a daily log of sanctioned credit of Tk 10 crore and above as it looks to restore calm and order at the lenders that have recently faced withdrawal pressure.
