Now entire board of Islami Bank dissolved; administrator takes charge to maintain order

▤ Summary

Bangladesh Bank dissolved the entire board of Islami Bank Bangladesh PLC and placed an executive director in charge as administrator. The central bank said the move aims to protect depositors, safeguard public money, and restore governance and stability. The action follows liquidity pressure and controversy around the bank’s leadership changes. The intervention could affect day-to-day banking operations and broader confidence in the financial sector.

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