The Bangladesh Bank has asked Islami Bank Bangladesh to explain why it is buying US dollars from foreign exchange houses at a rate that is higher than the fixed price.
Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.
Tk 524 crore worth of shares of the bank change hands at Ctg bourse today
Lenovo, a multinational technology company, has partnered with Islami Bank, a local commercial bank, to provide 1,500 units of ThinkCentre Neo 50T laptops. The collaboration is a part of the two company's steps towards technological development, with Lenovo providing the bank with continuous technical support whenever required.
Armada Spinning Mills Ltd, Kingsway Endeavors Ltd and Uniglobe Business Resources Ltd sold their 9.07% stakes in the bank
No bank in Bangladesh has ever made so much profit in a year
A DMD resigns a week after similar departure of another additional managing director
Islami Bank has started to avail a central bank facility that is only summoned during extraordinary circumstances, as the Shariah-based lender looked to dress up its balance sheet ahead of the year’s end.
Prime Minister Sheikh Hasina has called for an investigation into the affairs of S Alam Group, which has been in the public discourse in recent times for its alleged excessive borrowing from the banking system in violation of rules.