2024-09-06 19:49:27
Islami Bank Chairman Obaid Ullah Al Masood said that S Alam Group alone took more than half of the loans distributed by Islami Bank. However, it will take some more days to get the full details of their loan. Real assets are not mortgaged against these loans. After finding the assets of S Alam Group, it will be taken under the control of Islami Bank. Three audit firms have been appointed to verify the actual condition of the bank. They will audit the bank’s lending, investment and human resources.
Thursday (September 5) Governor of Bangladesh Bank. He said these things to the journalists after meeting with Ahsan H. Mansoor.
On August 22, Bangladesh Bank appointed Obaid Ullah Al Masood as independent director and chairman of Islami Bank. He was the Managing Director (MD) of Sonali Bank from 2016 to 2019 and Rupali Bank from 2019 to 2022.
Obaid Ullah Al Masud said, we saw a deficit of Tk 2,300 crore with the new board of directors. It is decreasing every day. Today it has reduced to 2 thousand crores. Hopefully, it will return to a positive trend within this year.
He said, the problem of Islami Bank is very big. In 2022, the liquidity crisis started in this bank. As a result, the trust of the customers in the bank is decreasing day by day. That is why we have formulated the roadmap with responsibility. I am trying to supervise by being present at the bank every day. This year will all go towards regaining customer confidence. Work will continue to restore customer confidence next year. 2026-27 will be the turning year of Islami Bank. 2028-30 will be the year for Islami Bank to move forward. Bangladesh Bank will assist in overcoming the situation.
During the Sheikh Hasina government, the banking sector became a stronghold of irregularities and corruption. S Alam Group has committed irregularities with the largest number of anonymous loans. 8 banks were under the control of this group. With their own control, they took out thousands of crores of rupees from the bank sector in the name of loans. Among them, the most looted was from Islami Bank. After the fall of Sheikh Hasina’s government, the interim government initiated reforms in the banking sector. So far, the central bank has dissolved and reorganized the board of directors of 11 banks. These are – Islami Bank Bangladesh, Social Islami Bank, Global Islami Bank, Union Bank, National Bank, First Security Islami Bank, Al-Arafah Islami Bank, Bangladesh Commerce Bank. These eight banks were owned by S Alam Group. Apart from this, the central bank has restructured the ranks of UCB, Exim Bank and IFIC Bank.