As part of an investigation into Islami Bank’s alleged aggressive lending to 11 companies, the Bangladesh Bank has asked the bank to suspend the disbursement of Tk9,135 crore loans to those companies until further notice.
A central bank official confirmed the matter to The Business Standard on Tuesday, saying, “A central bank team visited Islami Bank and sought an explanation for these irregularities. Besides, the team is collecting related documents.”
The Bangladesh Bank has not made any official comment regarding the loan irregularities of Islami Bank. The regulator’s spokesperson also declined to comment on the matter.
Spokesperson GM Abul Kalam Azad said a three-member team has been formed to probe into Islami Bank.
“They have visited the bank twice already. They will visit the bank four more days,” he told The Business Standard.
There are recent incidents of taking loans of thousands of crores of taka from Islami Bank by ghost companies and fake addresses. At least three such firms borrowed Tk900 crore each right one month after company registration.
As the irregularities hit the headlines, many Islami Bank clients became worried about their deposits with the reputed private bank.
As part of an investigation into Islami Bank’s alleged aggressive lending to 11 companies, the Bangladesh Bank has asked the bank to suspend the disbursement of Tk9,135 crore loans to those companies until further notice.
A central bank official confirmed the matter to The Business Standard on Tuesday, saying, “A central bank team visited Islami Bank and sought an explanation for these irregularities. Besides, the team is collecting related documents.”
The Bangladesh Bank has not made any official comment regarding the loan irregularities of Islami Bank. The regulator’s spokesperson also declined to comment on the matter.
Spokesperson GM Abul Kalam Azad said a three-member team has been formed to probe into Islami Bank.
“They have visited the bank twice already. They will visit the bank four more days,” he told The Business Standard.
There are recent incidents of taking loans of thousands of crores of taka from Islami Bank by ghost companies and fake addresses. At least three such firms borrowed Tk900 crore each right one month after company registration.
As the irregularities hit the headlines, many Islami Bank clients became worried about their deposits with the reputed private bank.
Economy / Top News
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