Bangladesh Bank has conducted a review of the loan recovery and restructuring efforts currently underway at Sammilito Islami Bank. According to the central bank, the financial institution is actively utilizing negotiated settlement methods, such as the Exit Policy and Alternative Dispute Resolution (ADR). Furthermore, the forensic audit investigating past irregularities at the bank is nearing its conclusion.
Economy
Bangladesh Bank reviews loan recovery and restructuring progress of Sammilito Islami Bank
The central bank has assessed the progress of loan recovery and restructuring initiatives at Sammilito Islami Bank.
Source: TBS Bangladesh