Bangladesh Bank (BB) has admitted to sending letters to five Shariah-based banks facing liquidity crisis to stop all their transactions. The central bank has described this move as part of the routine activity of its Motijheel branch.
However, a final decision in this regard is yet to be taken. BB will take a decision after observing the situation after the scheduled time (26 December). However, all five banks have denied receiving any letter from the central bank by advertising in the media.
Bibi spokesperson Mazbaul Haq revealed the development while addressing an emergency press conference on Sunday.
The five banks in trouble are Islami Bank Bangladesh Limited, First Security Bank, Social Islami Bank, Global Islami Bank and Union Bank. All these five banks are owned by S Alam Group.