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IBBL protests news item

FE REPORT | July 10, 2024 00:00:00

Islami Bank Bangladesh PLC in a statement issued on Tuesday protested a news item published in a section of newspapers on ACC's letter about its investment in certain firms.

The Islami Bank said it has been conducting banking activities following the instructions of all regulatory institutions including the central bank. The Anti-Corruption Commission (ACC) issues letters asking information from different institutions as part of its regular activities for various purposes. As part of that, the information asked from Islami Bank about the institutions mentioned in the news was submitted along with necessary documents on 16 July 2023 and ACC received it on the same day, a copy of which is kept with the bank. Bangladesh Bank also inspected the details of the mentioned institutions and informed that the investments were proper, regular and covered by adequate collateral.

The bank said it has been working on priority sectors of the country including deposit, investment, import, export, remittance collection, SME, small investment, rural development and agricultural investment and is in top position. We firmly believe that Islami Bank will continue its progress in the coming days with the spontaneous participation of the common people alongside their overall cooperation and support.

By publishing this kind of news about Islami Bank, some corners are trying to tarnish the image of the bank. Publishing this kind of news is nothing but an attempt to mislead the public and destroy confidence in the country's banking system, the statement said.

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