Abu Reza joins FSIB as AMD
Abu Reza Md Yeahia has joined First Security Islami Bank PLC as additional managing director, said a press release...
Tags : Islami Bank
Five crisis-hit banks to get cash support to return depositors鈥� funds
The Bangladesh Bank on Sunday agreed to provide credit guarantee to reassure other banks to lend to five financially troubled banks through the interbank money market, aiming to help these banks partially return funds to their depositors...
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...
S Alam group withdraws聽Tk 90,000cr from Islami Bank Bangladesh alone
The controversial S Alam Group has withdrawn over Tk 90,000 crore loans from Islami Bank Bangladesh alone, accounting for more than 50 per cent of the shariah-based bank鈥檚 total loan...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...
BB gives IBBL $1.1b worth liquidity against fake dollar buying
Bangladesh Bank has provided total $1.1 billion equivalent in financial support to Islami Bank Bangladesh Limited since January based on a massively fraudulent dollar purchase quotation.
BB reforms BCBL, Al-Arafah boards
The Bangladesh聽Bank on Sunday dissolved the boards of the Bangladesh Commerce Bank and the AL Arafah Islami Bank, and appointed independent directors to the banks鈥� boards...
BB now frees FSIB PLC from S Alam grip
The Bangladesh Bank on Sunday dissolved the board of First Security Islami Bank PLC, which was under the control of controversial S Alam Group, and appointed independent directors to the bank board...
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...
Nurul Amin becomes GIB chair
Mohammed Nurul Amin has been appointed as independent director and chairman of Global Islami Bank PLC鈥檚 board of directors following his selection by the Bangladesh Bank, said a press release...
Sadiqul elected SIB PLC chair
M Sadiqul Islam has been elected chairman of Social Islami Bank PLC during the bank鈥檚 516th board meeting held recently, said a press release.
Bangladesh Bank reshapes boards of Union, Global Islami, UCB聽 banks
Bangladesh Bank on Tuesday dissolved the boards of Union Bank, Global Islami Bank, and United Commercial Bank, replacing them with independent directors.
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...
Bangladesh Bank dissolves S Alam-controlled board of SIBL
Bangladesh Bank on Sunday dissolved the board of directors of Social Islami Bank Limited and appointed independent directors in an effort to free the bank from the controversial...
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...
Al Arafah Islami Bank opens 221st branch in Sirajganj
Al-Arafah Islami Bank (AIB) PLC on Tuesday opened its 221st branch in Sirajganj Sadar, said a press release on Wednesday....
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...
Salim elected AIB chair
Salim Rahman has been elected chairman of Al-Arafah Islami Bank PLC, said a press release...
BSEC urged to freeze Islami Bank鈥檚 shares held by S Alam Group
A group of shareholders on Sunday urged the Bangladesh Securities and Exchange Commission to freeze 82 per cent shares of Islami Bank Bangladesh, held directly and indirectly by S Alam Group...
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...
BB loses Tk聽55cr in dollar deal with Islami Bank
The Bangladesh Bank knowingly incurred a loss of Tk聽55 crore by purchasing dollars at a higher rate than it sold to Islami Bank, according to a central bank鈥檚 inspection report...
SIBL hid Tk聽7,853cr in defaulted loans: BB
Social Islami Bank PLC, under S Alam Group鈥檚 control, concealed approximately Tk聽7,853 crore of defaulted loans in its 2023 annual report, according to a Bangladesh Bank report...
Banking sector in need of immediate attention
A CLASH between two groups of employees of Islami Bank on August 11 and reported tension in some other banks and financial institutions demand early attention of the authorities. At least six Islami Bank employees were injured as unnamed attackers fired into them. The clash erupted when the bankers appointed before 2017, when the S Alam Group with the...
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 rejects cheques of 鈥榮uspicious companies鈥�
After the fall of the Sheikh Hasina-led government, private sector Islami bank prevented the withdrawal of Tk 2,000 crore through cheques by different 鈥榮uspicious companies鈥�.
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...