Depositors, staff, shareholders stare at fate
Depositors, shareholders and employees of five crisis-hit Shariah-based banks are facing considerable uncertainty about their future as the government proceeds with the merger of the banks.
Tags : Shariah-based banks
BB to appoint administrators to 5 weak banks
Bangladesh Bank has decided to appoint temporary administrators to each of the five struggling Shariah-based banks as part of its plan to merge them into a single entity under the Bank Resolution Ordinance.
Govt approves Bangladesh Bank鈥檚 merger plan of 5 banks
The government has approved a consolidation plan for five struggling Shariah-based banks, agreeing to provide budgetary support of about Tk 20,200 crore to carry out the merger...
Islamic banks鈥� deposits go down by Tk 11,781cr
Deposits at Shariah-based banks in Bangladesh dropped by Tk 11,781 crore, leading to a negative liquidity position of around Tk 2,000 crore in September, as public confidence plummeted following widespread loan scandals and irregularities...
