Islami Bank Bangladesh PLC

The bank is currently navigating a severe liquidity and governance crisis requiring central bank intervention and emergency funding.

ISLAMIC BANKING MAPPING: IBBL reports 'investments' not 'loans/advances'. total_loans_bdt = gross total investments as of Dec 31, 2024. Derivation: classified investments = Tk65,715.70 crore = Tk657,157 million; classified investment ratio = 42.36% (per CSE auditor's disclosure and multiple press sources cross-checking IBBL's 2024 annual results); implied gross investments = Tk657,157M / 0.4236 = Tk1,551,284M. This is corroborated by stockanalysis.com net loans of Tk1,546,584M for FY2024 (net figure; gross is slightly higher). npl_bdt = Tk65,715.70 crore = Tk657,157 million (from auditor/CSE upload and TBS/Daily Star reports). npl_pct = 42.36% (classified investments / total investments) from CSE auditor's report cited by TBS; sourced from the statement 'total investment Tk155,128.37 crore, classified Tk65,715.70 crore' (42,715/155,128 = 42.36%). total_deposits_bdt = Tk158,788 crore = Tk1,587,882 million per stockanalysis.com FY2024. total_assets_bdt = Tk2,225,807 million per stockanalysis.com FY2024. | FINANCIALS: net_profit_bdt = Tk1,088 million (Tk108.78 crore) per stockanalysis.com and cross-verified by Daily Star and TBS which report Tk108.78-109.47 crore FY2024 net profit, down 83% from Tk635.33 crore in FY2023. EPS Tk0.68 in 2024 vs Tk3.95 in 2023. CAR not found in extractable public source; capital shortfall details are from 2025 disclosures (FY2025 auditor report). ROA and ROE: not publicly disclosed in summary sources for 2024; equity stood at Tk71,418 million (FY2024, stockanalysis.com). | GOVERNANCE HISTORY: IBBL was founded 1983 by IDB Jeddah and Saudi-Bangladeshi promoters as Bangladesh's first Islamic bank. The S. Alam Group (Chattogram-based; Mohammed Saiful Alam) gradually acquired control after 2017, ultimately holding 82% of shares through 24 companies. BB dissolved the board August 22, 2024, appointing Md Obayed Ullah Al Masud (ex-MD Rupali Bank) as chairman. Al Masud resigned July 17, 2025 following BB allegations. Prof Dr M Zubaidur Rahman elected chairman July 23, 2025. Md Omar Faruk Khan formally appointed MD August 3, 2025 (three-year term). | CRISIS SCALE: As of end-2025, classified investments rose 44% to Tk94,322 crore (51% of total disbursements), the highest NPL stock ever recorded by a single Bangladesh bank. Required provisions Tk92,000+ crore vs allocated Tk7,922 crore. BB granted 20-year deferral for the provision hole. Auditor issued going-concern qualified opinion. Q1 2026: consolidated net loss Tk288.21 crore. The bank accounts for 17% of Bangladesh's total sector NPLs as of end-2025. | OPERATIONS: 400 branches, 271 sub-branches, 2,793 agent banking outlets from IBBL's official BIBM profile; ~3,000 ATMs from Wikipedia; employee count ~22,000 per Wikipedia (Banglapedia cited 18,621 for 2020); client base ~235 million (Wikipedia Dec 2024). Branch and employee figures based on most recent public disclosures and may not precisely match Dec 2024. | CAPITAL: paid-up capital Tk16,099.91 million per official IBBL BIBM profile; authorized capital Tk20,000 million per same source. | verification_status=partial: core financials (assets, deposits, NPL amount and ratio, net profit) cross-verified across stockanalysis.com, CSE auditor upload, and multiple press sources. CAR, ROA, ROE not found in extractable public sources. Branch/employee/ATM figures based on BIBM and Wikipedia (Dec 2024 estimate). Rating not found in verified current public source. [2026-06-08 audit correction] MD Md. Omar Faruk Khan placed on mandatory leave 12 Apr 2026, resignation accepted 1 Jun 2026; Altaf Hossain acting MD.