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Islami Bank hit by 'Tk 10,000cr losses after years of irregular hiring'

Dhaka, Oct. 4 -- Islami Bank Bangladesh PLC is facing a severe financial and managerial crisis due to years of irregular recruitment under S. Alam Group, according to officials. The bank's management... Read More


Forced merger of five Shariah banks in Bangladesh faces daunting challenges

, Sept. 20 -- Bangladesh Bank's plan to merge five weak Islamic Shariah-based banks into a single state-owned entity has been hailed as a bold attempt to stabilise the banking sector, but experts warn... Read More


Islami Bank regains customer trust amid remarkable growth in post-uprising era: Omar Faruk Khan, MD and CEO

Dhaka, Sept. 19 -- After changing leadership in August 2024, Islami Bank Bangladesh PLC has achieved extraordinary growth, significantly increasing its customer base and deposits while paying off all ... Read More


Islami Bank Bangladesh makes 'tremendous progress' since July uprising, says MD

, Sept. 11 -- The Islami Bank Bangladesh has made tremendous progress since the July uprising last year, significantly expanding its customer base while clearing all its debt to the central bank, reve... Read More


Red tape blocks access to SME finance in Bangladesh

Dhaka, Aug. 25 -- The taka lost nearly a third of its value in the time Nasima Akter spent waiting for a loan to expand her tailoring shop in Kalihati of Tangail. Nasima waited for about two long yea... Read More


Economists applaud move to merge 5 Islami banks, but warn of challenges

Dhaka, Aug. 14 -- Bangladesh Bank's initiative to merge 5 crisis-prone Shariah-based banks has got momentum, and within a week, this is likely to be implemented, governor Dr. Ahsan H. Mansur told a gr... Read More


Bangladesh well-positioned in new era of trade wars: BGMEA President Mahmud Hasan Khan

Dhaka, Aug. 8 -- In the wake of the US decision to impose a tariff of 20% on Bangladeshi products, Mahmud Hasan Khan, the president of the Bangladesh Garment Manufacturers and Exporters Association (B... Read More


Bangladesh well-positioned in new era of trade wars: BGMEA President Mahmud Hasan Khan

Dhaka, Aug. 7 -- In the wake of the US decision to impose a tariff of 20% on Bangladeshi products, Mahmud Hasan Khan, the president of the Bangladesh Garment Manufacturers and Exporters Association (B... Read More