SIBL hid Tk7924cr default loans

BB INVESTIGATION REVEALS

The Social Islami Bank LTD (SIBL) – a second-generation commercial bank – has hidden a defaulted loan amount of Tk 7924 crore to Bangladesh Bank (BB).
A central bank deputy governor who also resigned on Monday cooperated with the SIBL to hide the large volume of defaulted loans.
Apart from this, the bank owned by S Alam Group is not able to declare dividends as a result of a shortfall in provision. A confidential report from the BB revealed such terrible information.