Category: AB Bank Limited

AB Bank, SIBL tender unconditional apology to BB for irregularities in buyer’s credit

AB Bank Limited and Social Islami Bank Limited (SIBL) have tendered their “unconditional apology” after a Bangladesh Bank (BB) investigation revealed irregularities in buyer’s credit issued to some business houses by their offshore banking units. It was found that some debtors had shirked loan repayment, while yet others had utilised… – Continue reading