DOS Circular Letter No 19: Intermission of Banking Operations of IFIC Bank PLC due to CBS Up gradation

The Department of Offsite Supervision grants consent for IFIC Bank PLC to temporarily suspend all banking operations on Thursday, 18 July 2024 to complete Core Banking Solution (CBS) upgrade work. This approval is issued under the powers conferred by Section 45 of the Bank Company Act, 1991, upon the bank's application.

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Bank of Bangladesh
(central bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh
Department of Offsite Supervision
DOS Circular Letter No-19

30 Asharh 1431
Date: ------------------
18 July 2024

Managing Director / Chief Executive Officer
All Scheduled Banks operating in Bangladesh.

Regarding the temporary suspension of all banking operations of IFIC Bank on 18 July 2024 for the purpose of CBS upgrade.

Dear Sir,

It is brought to your kind attention that, upon the application of the aforementioned bank, consent has been given to temporarily suspend all banking operations of IFIC Bank on Thursday, 18 July 2024, with the intention of completing the Core Banking Solution (CBS) upgrade work.

This consent has been given under the powers conferred by Section 45 of the Bank Company Act, 1991.

Yours faithfully,

(Mizanur Rahman Akon)
Director (DOS)
Phone: 9530093

Lineage: In force

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Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works