Islami Bank seeks Tk 100bn cash injection from central bank as withdrawal 'pressure' deepens
Dhaka, June 10 -- Amid street protests and heated exchanges in parliament over Islami Bank Bangladesh, the troubled lender has asked the central bank for Tk 100 billion in liquidity support.
The Shariah-based bank said it is facing increasing "pressure of the withdrawal of money" amid heated discussions surrounding the appointment of a new chairman.
An official from each bank confirmed the money was sought on Tuesday to address the "cash crisis".
However, Bangladesh Bank did not take any decision until the evening.
Islami Bank, which is a publicly traded company, had received liquidity injection from the central bank in the past.
Islami Bank's Chief Financial Officer Abdur Rahim told bdnews24.com, "We are holding a meeting, let's see...
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