BB to dissolve Islami Bank board, take over shares of S Alam Group

BB to dissolve Islami Bank board, take over shares of S Alam Group

Bangladesh Bank (BB) will dissolve the board of Islami Bank within a couple of days, BB Governor Ahsan H Mansur said today.
The central bank will form a new board of the Islami Bank, he said at a press conference at the central bank headquarters.
"We will also take over all the shares of S Alam Group against its liabilities as per law. The group may be able to get back the shares if it repays the money," he said.