Merged Banks’ Shares Written Down to Zero
Bangladesh Bank has instructed five Shariah-based banks, recently merged into Sammilito Islami Bank PLC, to declare the shares of their existing shareholders as zero, after assessments revealed that the net asset value (NAV) of these shares is negative. The affected banks are First Security Islami, Social Islami, Global Islami, Union, and EXIM, according to a […]
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