Dhaka, Bangladesh (BBN)- The central bank has imposed restrictions on giving fresh lending of six banks linked to S Alam Group amid allegations of wrongdoing
The banks are Islami Bank, First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and Bangladesh Commerce Bank.
The central bank imposed such restriction through issuing a letter sent to the banks, Bangladesh Bank Executive Director and Spokesperson Md Mezbaul Haque reportedly informed to media.
Those six will not be able to disburse any new loan and also will not able to reschedule any previous loans until further notice.
However, the lenders will be able to disburse agriculture loans, SME loans against deposits and incentives package up to Tk 5.0 crore, according to the BB letter.
BBN/SSR/AD