Withdrawals of Tk 10.7 Billion, Deposits of Tk 4.4 Billion at United Islami Bank

Customers withdrew a total of Tk 10.777 billion from United Islami Bank during the first two days of operations, while new deposits amounted to Tk 4.4 billion during the same period. Bangladesh Bank Governor Ahsan H. Mansur disclosed the information at a press conference held on Monday (January 5) at the Jahangir Alam Conference Room of Bangladesh Bank.

The governor said that under the newly enacted Bank Resolution Ordinance, it was possible to complete the Letter of Intent, capitalization, installation of signboards, and commencement of transactions within just two months—an exceptional achievement. He added that transactions with depositors are continuing in line with the resolution scheme and that a full-fledged board, including independent directors, will be formed soon.

Presenting transaction data for the two days, the governor said a total of 13,314 withdrawal transactions were made on January 1 and 4, amounting to Tk 10.777 billion. The highest volume of withdrawals occurred at Exim Bank. However, a significant amount of deposits was also received during the same period, keeping the overall situation satisfactory on a net basis.

He noted that the bank faces two major challenges ahead—introducing an integrated IT system and completing forensic audits to investigate past irregularities of five banks. He also emphasized that legal action would be taken against those involved in any wrongdoing.

The governor further said that Shariah-based profit rates have been set in line with market rates and initiatives are underway to introduce new Shariah-compliant products for customers. The formal inauguration of United Islami Bank is scheduled for January 19.