Islami Bank withdraw all restrictions to opening LC

Business Report :

The newly formed Board of Directors of Islami Bank Bangladesh on Thursday exchanged views with Bangladesh Bank’s Governor Dr Ahsan H Mansur. The governor expressed his satisfaction on daily positive balance of Islami Bank’s current account maintained with Bangladesh Bank.

Regarding the restrictions related to business operations, the governor stated that, there will be no more restrictions on the business operations and opening Letter of Credits in Islami Bank from now on. Necessary instructions will be given in this regard, he added.

He told the depositors that customers’ deposits are safe in Islami Bank. Islami Bank’s own funds are sufficient to meet the needs of customers. However, Bangladesh Bank will actively consider liquidity support if required, he added.

Md. ObayedUllah Al Masud, Chairman of Islami Bank told that the regular business activities of Islami Bank are being conducted smoothly with the existing facilities of Bangladesh Bank. He said that Islami Bank has presented a specific roadmap to Bangladesh Bank. 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, said a press release.