Islami Bank to auction S Alam subsidiary co
Islami Bank Bangladesh PLC has issued a notice to auction the assets of Infinity CR Strips Industries Limited, a subsidiary of S Alam Group, to recover outstanding loans...
Tags : Islami Bank Bangladesh
ISLAMI BANK EMBEZZLEMENT: ACC prosecutes S Alam鈥檚 son, 51 others
The Anti-Corruption Commission has filed a case against 52 people, including Ahsanul Alam, former Islami Bank chairman and son of S Alam, on charges of embezzling Tk 918 crore from Islami Bank Bangladesh Limited.
Islami Bank holds Shariah committee meeting
A meeting of the Shariah supervisory committee of Islami Bank Bangladesh PLC was held on Tuesday at Islami Bank Tower...
S Alam Group financial crimes, aides shouldn鈥檛 go unpunished
THE shocking extent of financial crimes of the S Alam Group is evident in the recent disclosure of the amount of loans that the group has taken out from 10 banks and a non-bank financial institution. The Financial Intelligence Unit reveals that the group had taken a staggering Tk 2.25 lakh crore, or $16.6 billion, from these institutions. About 44 per cent, or...
Islami Bank holds business dev conference
Two-day business development conference of Islami Bank Bangladesh PLC concluded on Sunday, said a press release...
IBBPLC aims to recover Tk聽10,000cr by selling S Alam Group鈥檚 shares
Islami Bank Bangladesh PLC has decided to recover about Tk聽10,000 crore of loans by selling shares held by controversial S Alam Group, said the bank鈥檚 chairman, Obayed Ullah Al Masud, on Monday...
Islami Bank gets 6 DMDs
Mahmudur Rahman, Md Rafiqul Islam, Muhammad Sayeed Ullah, KM Munirul Alam Al-Mamoon, M Kamaluddin Jasim and Md Maksudur Rahman have been promoted to deputy managing directors of Islami Bank Bangladesh PLC, said a press release...
Omar Faruk, Jamal Uddin join Islami Bank as AMDs
Md Omar Faruk Khan and Mohammad Jamal Uddin Mazumder have joined Islami Bank Bangladesh PLC as additional managing directors, said a press release...
IBBL seeks BB guarantee for Tk聽1,100cr Sonali Bank loans
Crisis-hit Islami Bank Bangladesh PLC has sought Tk聽1,100 crore in loans from Sonali Bank through the interbank market and has urged the Bangladesh Bank to issue a guarantee for the loan...
Mannan joins FSIB as chairman
Mohammad Abdul Mannan has joined First Security Islami Bank PLC as chairman of the bank鈥檚 reformed board of directors, said a press release...
Chittagong port prohibits transactions with 9 banks
The Chittagong Port Authority has asked its branches and sub-branches to stop accepting pay orders, cheques and bank guarantees from nine troubled banks, seven of which were linked with S Alam Group...
New IBBL board to probe recent years鈥� loans, recruitment
Newly appointed board of directors of Islami Bank Bangladesh PLC on Tuesday decided to look into all kinds of loans, their disbursement process, borrowers鈥� identity and proper collateral against these loans...
Islami Bank officials to donate 2 days鈥� salary for flood victims
The officials and employees of Islami Bank Bangladesh on Saturday decided to donate Tk聽5 crore, equivalent to their salary for two days, for the flood victims, according to a press release...
BB appoints 5 independent directors to Islami Bank
The Bangladesh Bank on Thursday appointed five independent directors to Islami Bank Bangladesh after seizing all shares held by previous board members connected with S Alam Group...
Bangladesh Bank frees Islami Bank from S Alam control
The Bangladesh Bank on Wednesday dissolved the Islami Bank Bangladesh board to free it from the control of S Alam Group and decided to appoint independent directors temporarily to manage the bank...
Islami Bank dismisses 8 officials, including five DMDs
Islami Bank Bangladesh on Monday dismissed eight senior officials, including five deputy managing directors, of the bank on allegations of collaborating with S Alam Group in conducting irregularities...
Bangladesh Bank restricts lending activities of six S Alam-linked banks
The Bangladesh Bank on Monday restricted S Alam Group-controlled six banks from issuing new loans to safeguard depositors鈥� money...
BB blocks large cheque payments from 9 banks
The Bangladesh Bank on Tuesday asked all scheduled banks not to honour cheques exceeding Tk聽1 crore from nine banks, most of which are controlled by S Alam Group...
Islami Bank gunfire leaves six officials wounded
At least six employees of Islami Bank were injured as unidentified attackers opened fire while a group of bank officials tried to resist another group of staff from storming...
Islami Bank blocks Tk聽892cr withdrawal over S Alam links
Islami Bank Bangladesh has blocked a total of Tk聽892 crore in deposit withdrawal requests made by anonymous companies allegedly linked to the controversial S Alam Group...
Unrests at Islami Bank following political change
A group of aggrieved employees of Islami Bank Bangladesh on Tuesday demonstrated in front of the bank鈥檚 head office at Motijheel in the capital Dhaka, protesting against being deprived of official benefits and promotions over the years...
Islamic banks鈥� deposits drop, but loans surge
Loan disbursements from Shariah-based banks have significantly increased despite a sharp decline in deposit collection in December and January...