No restrictions on business operations and opening LCs in Islami Bank: BB governor
The governor expressed his satisfaction on the daily positive balance of Islami Bank’s current account maintained with the central bank
There will be no more restrictions on the business operations and opening Letter of Credits (LCs) in Islami Bank from now on, Bangladesh Bank (BB) Governor Dr Ahsan H Mansur said today (5 September).
During a meeting with the newly formed Board of Directors of Islami Bank, the governor expressed his satisfaction on the daily positive balance of Islami Bank's current account maintained with the central bank.
"The necessary instructions will be issued soon in this regard," he added.
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"Customers' deposits are safe in Islami Bank. Islami Bank's own funds are sufficient to meet the needs of customers. However, the Bangladesh Bank will actively consider liquidity support if required," said the governor.
After the meeting, Islami Bank Chairman Md Obayed Ullah Al Masud told media that the regular business activities of Islami Bank are being conducted smoothly with the existing facilities of the central bank.
He said Islami Bank has presented a specific roadmap to the governor.
Through the bank's performance and business achievements, Islami Bank will turn around within the fastest time due to the trust of crores of customers, he added.
