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Appointment row leaves Islami Bank dry in just two weeks
In just fourteen days, Islami Bank Bangladesh PLC has moved from a stable liquidity position into a severe cash crunch, following disruption around the appointment of its new chairman by the Bangladesh Bank.
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Timeline cronologica
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Islami Bank gets Tk 2,500 crore special liquidity support from BB
The move comes amid liquidity pressures at the bank following unrest over the appointment of its new chairman last month
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BB dissolves Islami Bank board, appoints administrator
The move comes as Islami Bank faces a severe liquidity crisis, with its current account with the central bank falling into a deficit of around Tk 4,000 crore in the past two weeks…
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Appointment row leaves Islami Bank dry in just two weeks
In just fourteen days, Islami Bank Bangladesh PLC has moved from a stable liquidity position into a severe cash crunch, following disruption around the appointment of its new…