More than Tk 3,500 crore has been withdrawn from Islami Bank Bangladesh PLC within just five working days, amid growing concerns among customers and increased pressure on the bank’s liquidity.
According to senior bank officials, the pace of withdrawals accelerated following the appointment of Md. Khurshid Alam as chairman of the bank.
Withdrawal Pressure Intensifies
Bank insiders said customers have increasingly moved to withdraw their deposits in recent days, reflecting growing uncertainty among account holders.
One senior official noted that during the first four working days after Khurshid Alam’s appointment—June 1 to June 4—customers withdrew approximately Tk 2,570 crore from the bank.
“The tendency among customers to withdraw funds increased significantly after the appointment of the new chairman,”
a senior bank official said.
The official further indicated that preliminary reports from branches across the country suggested that nearly Tk 1,000 crore may have been withdrawn on a single day alone.
Withdrawal Statistics
| Period | Estimated Withdrawals |
|---|---|
| June 1–4 | Tk 2,570 crore |
| Latest Single Day | Around Tk 1,000 crore |
| Total in Five Working Days | Over Tk 3,500 crore |
Growing Customer Anxiety
Officials acknowledged that customer concerns have contributed to the surge in withdrawals. The trend has placed additional pressure on the bank as it seeks to manage liquidity amid heightened public attention.
While the bank has not officially disclosed detailed withdrawal figures, officials confirmed that the volume of cash withdrawals during the past week has been significantly higher than normal levels.
The latest developments come as customers closely monitor changes in the bank’s leadership and overall financial stability.
