Islami bank again unrest

Islami Bank has again unrest After the resignation of the chairman of the bank, Aartu Khan, on Tuesday, the new unrest has started. There is a possibility of more resignation at the top of the bank. Apart from this, the bank has already distributed more than the fixed limit given by the Bangladesh Bank. Now one of the owners of the bank is asking for a new loan of Tk 1000 crore new. The bank is still unable to pay due to the financial crisis. In all, there was unrest in the bank.

The unrest began after a major change in the ownership of the bank last year. Meanwhile, many top level officials resigned. Many have been transferred. The new recruitment was also given. Previously the bank was under the debt distribution limit. Since the change in ownership last year, huge amount of money has been distributed. The bank has now crossed the debt distribution limit.

According to the existing rules, Islamic banks can distribute 85 percent of the deposited deposits. But if the overall financial indicators are good, then the maximum 90 percent of the loan can be distributed. Recently, Bangladesh Bank has reduced the rate by 1 percent to 89 percent. Those Islamic banks who have more than 89 percent of the loan have been asked to bring them down to the limit in March next year.

Meanwhile, according to the latest information from the Bangladesh Bank, the amount of deposits of Islami Bank stood at Tk. 76 thousand 156 crore. Of this, investment (loan) has been given Tk 69,646 crore The debt-deposit ratio of the bank stands at 91.44 percent, which is more than the fixed limit. They distributed 1,168 million more than the limit.

According to a source, a dominant owner recently demanded a loan of Tk 1 billion in the name of two companies. But the bank did not pay the loan due to the financial crisis. In the first week of this month, an additional Managing Director (AMD) with 4 DMD level and one SVP resigned. They did not say anything because of the resignation of the resignations and the bank.

Following on Tuesday, Chairman Atutu Khan stepped down. Besides, Syed Manjurul Islam has stepped down as Chairman of Islami Bank Foundation. Both of them are the former secretary of the government. Dhaka University teacher Prof Nazmul Hassan has been elected chairman and Samim Mohammad Afzal has been chairman of the foundation. Apart from this, Professor Selim Uddin has been elected as the new Director of Chittagong University. Several committees of the board of directors have also been changed. Salim Uddin has been the chairman of the executive committee.

Meanwhile, talking to some officials yesterday, everyone is worried about when to go to a job. It is also unknown to them that what they are losing their jobs. This panic among the senior officials is much more.

On the resignation of Islami Bank chairman Atutu Khan denied any pressure, said he resigned for personal reasons.

Vice Chairman of the Bank and former Anti Corruption Commission (ACC) former Commissioner Sahabuddin said they had resigned by showing personal reasons. The resignation of the debtor or any other pressure is completely false and baseless.

Debashis Chakravarty, spokesman and executive director of Bangladesh Bank, said that the internal reconstruction could be possible. Everyone has the right to resign. Bangladesh Bank will look at any irregularities. The Bangladesh Bank does not know whether they have resigned in any pressure.

It is to be mentioned that Attau Khan was elected chairman of the board of directors of Mustafa Anwar, chairman of the Board of Directors, in the boarding ceremony held at a five star hotel in the city on January 5, 2017. The then Vice Chairman Azizul Huq resigned on that day. Apart from this, Managing Director (MD) Mohammad Abdul Mannan was removed.