বাংলাBangladesh Bank has provided Islami Bank Bangladesh PLC with a total of Tk 5,000 crore in special liquidity support over two days to address its ongoing liquidity challenges.
The central bank disbursed Tk 2,500 crore on Sunday and another Tk 2,500 crore on Monday. Islami Bank Acting Managing Director Altaf Hossain confirmed the support and said the funds would help maintain normal banking operations.
Meanwhile, Bangladesh Bank dissolved the bank’s board of directors, including its chairman, following weeks of instability and operational disruptions.
The central bank appointed Executive Director Mohammad Zahir Hossain to temporarily perform all responsibilities of the board until a new governing body is formed.
According to Bangladesh Bank, the decision was taken under the Bank Company Act in the interest of depositors, the institution, and the public. The move aims to restore stability and confidence in the country’s largest Islamic bank.
The crisis intensified after disputes surrounding the appointment of a new chairman triggered protests by some customers and bank officials. The situation led to significant cash withdrawals and increased liquidity pressure.
Bangladesh Bank spokesperson Arif Hossain Khan stated that customers would not face any disruption in regular banking services and that all transactions would continue normally.
Bank officials also noted that withdrawal pressure has started to ease, suggesting that confidence among depositors may gradually be returning.
Financial analysts believe that restoring trust, ensuring transparent governance, and forming a credible board will be essential for the bank’s long-term stability.
Read more: Economy News
Follow updates: YouTube Community
বাংলা
