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Shariah-based Union Bank PLC, under the leadership of its newly established Board of Directors, has recently signed a Liquidity Support Fund Agreement with Bangladesh Bank.
As a result, liquid assets will soon become accessible, according to a press release.
Over the past three days, there has been a significant increase in new deposit accounts and bank deposits, along with promising loan collections.
Overall, the bank is making a strong recovery, providing reassurance to its customers and positively impacting the banking arena, the release adds.