Tuesday। 27 October। 2026
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Tuesday। 27 October। 2026
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Bank-losses

IFIC Bank has no equity of its own
IFIC Bank has no equity of its own
IFIC Bank PLC is facing a deepening financial crisis as its liabilities exceed its assets and the burden of defaulted loans continues to erode its actual income. The bank is also failing to generate sufficient cash from its regular operations. The combined pressures have pushed the listed bank’s negative equity beyond Tk 1,000 crore. This means its shareholders have no equity left. One of the main reasons behind the bank’s current crisis is the burden of defaulted loans. A substantial amo...
Money•27 October 2026