November 13, 2024, 9:11 pm

Govt to take over Islami Bank shares: Mansur

  • Update Time : Wednesday, August 21, 2024
  • 6 Time View
Photo Collected

Correspondent Desk:

Bangladesh Bank Governor Ahsan H Mansur on Wednesday said the government will take over the shares of Islami Bank in accordance with the law, which are currently held by the controversial conglomerate S Alam Group.

Mansur, addressing a press conference at the central bank head office, added that the incumbent board of directors has been dissolved, and a new independent board will be formed soon.

Recently, a segment of officials and former directors of the bank have been demanding that the Islami Bank board be dissolved. They had also sent a number of letters to the Bangladesh Bank governor.

According to their letter, S Alom group currently hold 82 per cent shares of Islami Bank. The bank was taken over by the oligarch in 2016 with the help of Hasina regime.

Please Share This Post in Your Social Media

More News Of This Category
© All rights reserved © 2023 The Daily Sky
Theme Developed BY ThemesBazar.Com