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Islami Bank Bangladesh has claimed to have repaid Tk 15 billion of the liquidity support it received from Bangladesh Bank in the wake of its 2023 crisis.
The bank said it returned Tk 7 billion on Jul 31, while another Tk 8.09 billion was repaid on Jun 30.
“Islami Bank is recovering -- deposits are growing, performance is improving, and customers’ trust has returned,” said Managing Director Md Omar Faruk Khan.
He added that the bank is now maintaining both Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) requirements properly.
Faruk also claimed that Islami Bank’s deposit base has grown by Tk 70 billion over the past seven months.
The remaining amount will be repaid by September, he said.
Bangladesh Bank Governor Ahsan H Mansur also recently remarked that Islami Bank appears to be regaining stability.
Speaking during the monetary policy announcement a week ago, he expressed optimism about the bank’s recovery.
The central bank extended a total of Tk 23.09 billion in liquidity support to Islami Bank at different times after the bank ran into trouble towards the end of 2023.
The bank is now in the process of returning those funds.